Key Takeaways:
- Renting your home can be a great way to supplement your income; however, it can be time-consuming and challenging to handle independently.
- Scott Properties Midlands is a professional property management company in Columbia that specializes in managing rental properties and providing owners with a hassle-free experience.
- Our experienced staff can handle all aspects of the rental process, from property evaluations and advertising to tenant screenings, lease agreement management, and rent collection.
- We also offer direct deposit payouts on the 28th of each month (or the previous workday if it falls on a holiday or weekend).
- With us, you can rest assured that potential tenants can view your Columbia rentals, occupy them, and help you increase your profits.
Whether you’re new to the rental market or you’ve been a landlord for years, finding suitable rental listings, advertising your property, and keeping up with paperwork can be overwhelming. Plus, without proper management, it’s easy for rentals to become neglected and unprofitable.
That’s why it pays to hire a professional property management company in Columbia, so you don’t have to worry about all these things. All you have to do is sit back, collect your rental income, and watch your property’s value appreciate over time.
At Scott Properties Midlands, we help relieve the stress of renting your home. We have a team of experienced property managers who know the Columbia rental market and can help you find qualified tenants for your property. Our team is well-versed in the legal and financial aspects of the landlord-tenant relationship, so you can rest assured that your property is being managed efficiently and per all applicable laws.
Whether you own one property or are an investor with multiple rental units, we can help you maximize your return on investment on your Columbia rentals and ensure your tenants are happy and satisfied.
How A Professional Property Management Company in Columbia Help Make Renting Your Home Stress-Free
1. Property Evaluations | Property Management Company In Columbia
Regular property evaluations are the key to successful management. Our team periodically evaluates each property we manage. We document the results of these evaluations and send them to both the property owners and tenants. The evaluations are also uploaded to your online portal, which you can log into anytime.
If any issues or action items are identified during the evaluation, our team will create a timeline for completing the necessary work. We ensure that even the smallest of repairs and upgrades are completed promptly. After the work, we will re-evaluate the property to ensure it meets our standards.
2. Advertising
Thousands of Columbia rentals are listed daily with ads featuring high-definition photographs and detailed descriptions to attract potential tenants. It makes it harder for your property to stand out and get noticed, especially when competing with other properties.
Our property management company in Columbia knows how the rental market works, and we use the best marketing tactics to ensure your property is seen by those searching for it. Our team begins advertising your Columbia rentals 60 days before the lease termination date using software that allows us to syndicate to multiple websites. Some of these include:
- Scott Properties of the Midlands Website
- Market/School-Specific Student Housing Websites
- MLS (Multiple Listings Service)
- AHRN.com (Military Housing Referral Network)
- Trulia
- Zillow
- Realtor.com
- Homes.com
We also create eye-catching property listings with detailed descriptions of amenities, pictures, and floor plans. We update our listings to ensure potential tenants can access the most accurate information. With us, you’ll get the maximum exposure for your Columbia rentals and turn them over quickly and profitably.
3. Tenant Screenings and Move Ins
While thousands of potential tenants exist, we ensure only the best move into your Columbia rentals. We verify employment, income, credit reports, debt-to-income ratio, criminal background checks, and previous rental history. It ensures that the tenants who move into your rental properties are reliable, responsible, and able to pay their rent on time.
Once a qualified tenant is found, we will communicate the results to you so that you can make an informed decision before any tenant moves in. We understand that the security of your property is non-negotiable, and you can trust us to protect it with our comprehensive tenant screening process.
4. Lease Agreement Strategy and Process
We offer three-year lease agreements with one-year terms. This means that each year, the tenant and property owner can end their contract with a 60-day written notice, providing flexibility to both parties.
Having your tenants sign a three-year lease agreement will benefit you as a property owner in several ways.
First, we include a 5% increase in rent when the lease auto-renews each year. It helps cover increases in taxes, insurance, and other associated expenses and increases the value of your investment property.
Second, we strategically have all our leases terminate during the busiest time of year to maximize the potential for successful re-leasing. This termination date varies depending on the property’s market segment.
Lastly, the longer than regular notice to vacate time frame (60 days) gives us more time to find a qualified tenant and reduces property turnover.
Our strategies and processes have shown to be successful and have helped us keep the vacancy rate of our rental properties between 2-3%.
5. Rent Collection & Eviction and Property Owner Payments | Property Management Company In Columbia
The 5th of each month is the designated rent collection date. We take a proactive approach when handling delinquent accounts, starting with reminder phone calls to tenants with past-due balances. If rent payments are not received by the 13th day of the month, our property management company in Columbia will begin the eviction filing process.
Our team will write, file and serve all eviction notices and writs of ejectment. We always charge the tenant for all actions concerning an eviction filing, so property owners are never billed for the cost of eviction filings or time spent in court.
Regarding property owner payments, our team ensures you are paid by the 28th day of each month. The management fee, and any repair expenses, will be deducted from the total rent amount collected for the month.
If the 28th falls on a weekend or holiday, you will be paid out on the previous workday. All payments will be made via direct deposit into the bank account of your choice, ensuring timely and secure payments.
Are you ready to experience the peace of mind from working with a professional property management company in Columbia? With Scott Properties Midlands, you can have confidence knowing that your investment is being cared for and that payments are processed accurately and on time.