What A Full Service Real Estate Company Can Do For You

A full service real estate company is the perfect solution if you have rental properties, and especially if you have multi-family real estate. Placing your trust in a full service real estate company allows you to avoid the hassle of having to be actively involved in the day-to-day management of your properties so you can enjoy the property appreciation and the passive income without having to spend your life dealing with renters and logistical problems associated with property ownership.

How a Full Service Real Estate Company Can Help
A full service real estate company can perform a number of important tasks for you that are necessary to make owning multi-family or commercial real estate properties a success. For example, a full service real estate company can:

Provide customer service to tenants for you. Your real estate company will be your representative with your tenants. If they have questions, concerns or problems, then they will know exactly where to turn. Real estate companies have professionals on staff who know how to handle tenant issues effectively and who know how to provide the type of customer service that your tenants are looking for.
Facilitate needed repairs and make suggestions for upgrades and improvement as well as for regular maintenance tasks. When you own a rental property, you will need to be able to respond quickly to problems if your tenants have issues with the building. You will also need to make sure that your builder has needed upgrades and repairs so that it remains attractive to tenants and comparable with other rental properties on the market. At the same time, you want to invest your maintenance and upgrade money wisely and you don’t want to over improve your building to the point where you do not get value for your expenditures. Your full service real estate company can advise you on what is appropriate.
Assist you with your operating budget and with the financial issues inherent in renting properties. It is important to make sure that your property is profitable and that you have a realistic operating budget that takes into account potential vacancies and upgrade costs. A real estate company will advise you on budgetary issues and help you to make sure that you are operating in a cost effective way.
Take care of rent collection and deal with non-paying tenants. Of course, having the rental income coming in is the key to your ownership paying off as a good investment. Your full service real estate company will make sure that you are getting paid what you are owed and will take action if you aren’t.
Show your property and help keep vacancies to a minimum. Dealing with the turnover of renters is important to make sure that you don’t have vacancies that last for a long time and that reduce your rental income.

These are just a few of the many tasks that a full service real estate company will provide for you. Get in touch with a full service real estate company today to learn more about the services that they provide.