Your Investment. OUR Priority.
Welcome to Anchored Property Services, LLC. At APS we feel it is valuable to stay educated on the latest news in the real estate industry, county codes and regulations, and keep top-notch dedication to your investment.
While choosing a property management company can be difficult, it is important to know, you have options!
A competent property manager can add significant value to your investment while maintaining integrity, and core values. Treating each of our owner’s properties, as if they were our own. Offering fair, and honest pricing- so in return, you see a return on your investment.
Here are some must-haves, that we INCLUDE with our service package-
Higher Quality Tenants
Think of tenant screening as the moat and drawbridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that:
- Pay on time
- Rent longer
- Put less wear and tear on the unit
- Generally, cause fewer problems
A knowledgeable management company has seen thousands of applications, and knows how to pull out the “red flags”. Researching and verifying criteria, that qualify a tenant. By allowing our management company to handle the screening process, you also will be shielding yourself from rental “scammers” that are directed to owners and discrimination lawsuits resulting from the declining of applicants.
This kind of experience takes time, and insomuch as it means avoiding bad tenants, scams, and lawsuits it is arguably one of the most significant benefits a property management company will provide.
Fewer costly and time-consuming legal problems
Veteran landlords know it only takes one troublesome tenant to cause significant legal and financial headaches. A good property manager is armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential lawsuit.
- Safety of Property
- Evictions
- Inspections
- Lease addendums
- Terminating leases
- Handling of security deposits/Security Disbursement
- Rent collection
Avoiding a single lawsuit can more than pay for the property management fees, and spare you time and anguish.
Shorter Vacancy Cycles
Anchored Property Services will help you perform four critical tasks that affect how long it takes to fill your vacancies:
- Improve and prepare the property for rent – Our experienced staff will suggest and oversee cosmetic improvements, previous tenant damages and upgrades that maximize revenue.
- Rental Cost – Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Determining the optimal price requires knowledge of the local market, data on recently sold comparable properties, and access to rental rate tools.
- Effectively market your property – In the new era of real estate, it is vital to use certain tools to promote your rental property, and understand what to say and where to advertise to get a larger pool of candidates in a shorter period. Additionally, one of the most critical assets to your investment is making sure it does not sit without occupancy.
- Showings- Here at APS, we have qualified agents that will schedule appointments with applicants for one-on-one showings. This allows our staff to build a relationship and show your properties qualities to meet the applicant’s needs. It also builds the foundation to a good quality tenant/management company relationship.
Better Tenant Retention
While it’s easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. The turnover process involves a thorough cleaning, changing the locks, painting the walls, and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing, screening, and settling in a new tenant. This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for.
Anchored Property Services has a time-tested tenant retention policy that ensures happy tenants with lengthy stays in our properties. These kinds of programs require a consistent, systematic approach, which is where our company shines!
Tighter Rent Collection Process
The way you handle rent collection and late payments can be the difference between success and failure as a landlord. Collecting rent on time every month is the only way to maintain consistent cash flow, and our tenants need to understand this is not negotiable. By hiring APS, you put a buffer between yourself and the tenant and allow us to be the bad guy who must listen to excuses, chase down rent, and when necessary, evict the person living in your property.
If you let them, your tenants will walk all over you. They MUST be educated on how to follow every part of the lease or deal with the consequences. We, the “Property Managers” have an advantage because tenants realize that we, unlike the owner, are only doing our job and are obligated to enforce the lease terms.
Regarding evictions, there are strict laws concerning the eviction process, and doing it wrong, can be a MAJOR fiasco. We know the law, and have a good process for obtaining the best possible outcome given the circumstances.
Lower Maintenance and Repair Costs
Good maintenance and repairs keep tenants happy and preserve the value of your investment which makes them a very important part of land-lording. By hiring our team, you gain access to both our in-house maintenance staff, as well as our network of licensed, bonded, and insured contractors who have already been vetted for good pricing and quality work. This can translate into significant savings compared to going through the yellow pages and hiring a handyman yourself
Increase the Value of the Investment
Preventative maintenance is achieved by putting systems in place that catch and deal with maintenance and repair issues early on before they grow into larger more costly problems. This requires a written maintenance check program, detailed maintenance documentation, and regular maintenance visits. We can also suggest and provide feedback on upgrades and modifications, both how they will affect the rent you can charge, as well as their impact on maintenance and insurance.
Personal benefits for owners
- Less stress – Avoid having to deal with middle of the night emergencies, chasing down rent, evicting people from your property, tenants who wreck your property, rental scams, lousy vendors, piles of paperwork.
- More freedom – Live and invest wherever you want without the constraint of needing to be near your properties. Additionally, you can live and travel without the requirement of always being available.
- Free up more of your time – Time is money, and for many investors, their time can be more profitably spent in areas other than servicing their properties. When you focus on asset management you’re working ON your business, when you manage your own properties you work IN it. Additionally, you have more time to spend with family or friends doing things you enjoy.
A final thought
Of course, this is an ideal scenario. These are RESULTS that CAN be expected from Anchored Property Services. Our company is competent, trustworthy and a good fit for your property. A poor choice of a management company can produce many headaches of its own. Your Investment. OUR Priority.