Holding real estate in the Nashville area can be a wise move, but getting ready for the lease, selecting high-quality tenants and maintaining the real estate can eat away at your bottom line in no time. Our highly qualified rental property management company can save you time and money, and our affordable prices put you in the black.
If you are thinking about signing with a property management company in Nashville, keep in mind the following:
Preparing the Home or Commercial Property for Lease
One of the hardest parts of being a property investor comes at the beginning. You may need renovations to floor and wall coverings, plumbing and light fixtures and more. It’s vital to ensure everything is functional and attractive. Depending on the local area, you might also choose to upgrade or replace appliances and add new amenities.
You will also need to decide on rental fees, whether to include utilities and more. And don’t forget to make sure you abide by all the rules of your local zoning authority or HOA. Our property management company has the dedication and experience it takes to give you the best advice on striking the right balance.
Showing the Property & Selecting Renters
When your property is up for rent, you need to find high-quality renters right away. This requires getting the word about its availability. We use only the most professional yard signs and premier digital marketing, including searchable listings that feature pro photography and enticing written descriptions of your real estate. Every day your property is empty means lost money.
You will need to give prospective tenants tours and should plan on no-shows. When a tenant is interested in renting, you need to check their background carefully. We recommend thorough background checks, including proof of income, rental and criminal history and credit history. These reports add up, even when you ask for application fees, but we have the ability to pay in bulk and save money.
You also need to make sure the application process is performed legally. Most owners who don’t hire management companies aren’t up on the Federal Fair Housing and HUD Guidelines, the ADA, and the many additional regulations. Even little mistakes can become expensive.
Inspections, Maintenance & Repairs
Making money from real estate holdings in Nashville requires a well-kept property. We recommend scheduled exterior and interior inspections while you have renters, and also follow a regular maintenance schedule. When there are problems, you need to make repairs right away. Our experienced property managers know how to watch for warning signs, and we have a network of local repair technicians available in case of problems. We are reachable for renters at all hours, including nights and weekends.
Rent Collection, Overdue Payments & Evictions
Careful tenant screening cuts down on your chances of running into financial problems, but problems may still come about. The first thing you should do is to make it easy for tenants to pay rent on time. We offer full-service online tools that allow scheduled payments and that put money in your account with monthly statements. If we can’t collect rent, we know the steps to take. From getting a hold of tenants to completing the correct paperwork in case you need to evict, we handle everything. Afterward, we can jump in with any needed maintenance and renovation and find new renters.
At RENU Property Management in Nashville, Tennessee, we aim to protect client investments in real estate. Our highly trained staff knows how to maximize profit without the stress. Contact us today to discover how our cost-effective and comprehensive property management services can help you reach long-term success.