Today I have special guest Marki Graves with me to explain everything you wanted to know about property management.
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Marki Graves is here with me today to tell you everything you need to know about property management. As the director at Red Rock Property Management, she oversees an amazing team of property management professionals and works closely with property owners to help them make the most out of their real estate investments.
Marki tells us that she does onboarding, which is where property owners consider if they want to rent out their property with us by providing them all the information that they need. All that the property owner needs to worry about is signing where they need to and handing over the keys. She gets the property ready so that it can be leased out in a quick amount of time for the top dollar rent price.
She also touches on the best way to go about looking for property. According to her, the first step is to get in touch with a good Realtor and start looking for properties. You should tell them your price range as well as what you want to do and what your long-term plans are with the property. Even if you are just looking to use it as an investment property for a few years before you move into the place, Red Rock Property Management can make those plans work.
As soon as you find some properties that you are interested in, either the client or the real estate agent can reach out to Marki to find out what those properties will rent for. Since investors are trying to figure out their return, those are important numbers to know.
Red Rock Property Management sets themselves apart from other management companies by the different feeling they generate among clients within our community. They try really hard to take care of their clients, both on the tenant side and the property owner side.
Even if you are just looking to use it as an investment property for a few years before you move into the place, Red Rock Property Management can make those plans work.
However, the two biggest things that set them apart from other management companies are the inspections they do throughout the year to keep an eye on the property and their screening process. Marki tells us that she has the ability to place great tenants into her properties. In fact, they have very few delinquencies each month and have an eviction rate of less than 1%, which they are pretty proud of.
Marki also tells us that lots of people ask what the best option is for someone trying to decide whether to sell or rent their home. She says that the first step would be to determine what price you would need to sell the home at to make it make sense for you. Then you need to figure out what the rent price would be if you decided to rent it. Once you have those amounts, then they can make a decision based on what the actual numbers will be.
Of course, you can contact Marki’s team to figure out the rent price and get in touch with me to help you figure out the sale price.
Marki says that it never hurts to try property management. It has a simple onboarding process where you are not tied to anything until a lease agreement is signed. In fact, people have come to her with homes that they have listed but are having difficulty selling and take whichever offer comes first, whether it be renting or selling.
If you have any questions about property management, you can call Marki’s office at (435) 703-9946 Monday through Friday 9 a.m. to 5 p.m. Or, you can email her at Marki@redrockcompanies.com.
If you have any additional questions about buying or selling, please feel free to reach out to me by phone or email. We look forward to your calls.