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Factors Making A Property Less Attractive To Buyers? | Property Management in Lexington, SC

Author: MediaBeast
Categories: Property Management
property management in Lexington, SC

The real estate market in Lexington, SC, is a hot one. With various appealing properties available, investors are eager to invest in the homes and get the best return. But not all houses are attractive to potential buyers. Several factors can decrease the value of a property. That’s why anyone interested in making the most of their home should consider professional property management in Lexington, SC.

Scott Properties of the Midlands has years of experience helping people maintain their home’s value and make the most of it. We have expert property managers who understand the Lexington, SC, market and can help you avoid any issues that may decrease your property’s value.

Here are seven factors that could reduce the resale potential of your property:

1. Poor Condition | Property Management in Lexington, SC

Potential buyers may be wary about investing if your home is in disrepair. Even if your property is in an attractive location, an outdated and worn-down interior and exterior can quickly reduce the perceived value of a house.

2. Lack of Curb Appeal

Curb appeal has become increasingly important to homebuyers looking for a great first impression. Potential buyers tend to make assumptions about the home’s condition based on how it looks from the outside, even before they set foot inside. If your property lacks curb appeal, it could be enough to drive away prospective buyers.

3. Poor Energy Efficiency

The value of a home can be affected by its energy efficiency. As people become more conscious of their environmental impact, they increasingly seek homes with lower energy consumption. If your home is not environmentally friendly, it can be seen as a major turn-off to buyers.

Related: Make These Five Energy-Efficient Improvements to Increase Your Home’s Value

4. Outdated Features | Property Management in Lexington, SC

A house with outdated features such as plumbing, electrical wiring, and appliances can be less attractive to buyers. These features can be seen as costly investments and may make potential buyers think twice about investing in your property.

5. Location

Location is a significant factor when it comes to determining the value of a residential property. If your house is in an area with high crime rates or poor infrastructure, it may not be considered an attractive investment.

6. Unforeseen Problems | Property Management in Lexington, SC

Unforeseen problems such as pests, lead paint, and mold can also decrease the value of your property. These issues can be challenging to identify and costly to fix, so it’s crucial to work with expert property management in Lexington, SC, who can help ensure your property is up to code.

7. Lack of Maintenance

Finally, maintaining your property is critical to keeping its value up. If you neglect basic upkeep such as landscaping, painting, and repair work, it can quickly decrease the salability of your home.

Related: 5 Benefits Of Expert Property Management | Property Management

If you want to avoid any of these factors that could reduce the resale potential of your house, Scott Properties of the Midlands can help. We have expert property managers who can help you maintain your home and keep its value up.

Contact us today to learn more about our property management in Lexington, SC!

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How Much Rent Should You Charge? | Property Management

Author: MediaBeast
Categories: Property Management
Property Management

A property management company can be pivotal in establishing an optimal rent figure. They conduct thorough market analysis, considering local trends, property features, and demand. This expertise ensures landlords set a competitive and realistic rent, fostering tenant interest, minimizing vacancies, and maximizing rental income for long-term success.

Requesting a reasonable rent is vital to ensure cost coverage and attractive returns for property owners. Balancing affordability prevents vacancies, attracting tenants while maximizing profitability without deterring potential renters due to excessive pricing.

Related: Rent Your Home With Ease | Property Management Company In Columbia

This blog post shares tips and strategies for setting the correct rent rate for your rental property.

1. Local Housing Market

Check out similar rental properties near you to understand what other landlords charge. Consider the number of bedrooms, amenities, and location when making comparisons. You must also consider any recent changes in the housing market, as this may affect rental prices.

Seasonality also affects the market. In some areas, rental prices increase during peak times of the year (like summertime) and decrease during off-peak times (like winter).

2. Property Conditions and Amenities | Property Management

Consider the condition of your property and any features or amenities it might offer, such as a pool or a patio. If your property provides something extra, you can charge more for rent than comparable properties without those features.

Also, factor in your rental property’s ongoing maintenance and upkeep costs. You can justify a higher rent by offering well-maintained and updated living spaces. Highlighting the value tenants receive from the well-maintained property can support your pricing strategy and attract quality renters.

Related: 7 Top Home Improvement Projects For 2023

3. Amenities Offered with The Property | Property Management

Diverse amenities enhance a property’s appeal and justify a higher rental rate. Features like modern appliances and secure parking attract tenants seeking convenience and comfort. Such offerings elevate the living experience, enabling landlords to command a premium rent, reflecting added value, and increasing the property’s competitiveness in the market.

4. Research the Average Cost of Living

Thorough local market research is crucial for setting an appropriate rental rate. Analyzing comparable properties and understanding demand dynamics ensures a competitive yet realistic pricing strategy. This approach maximizes occupancy rates, prevents underpricing or overpricing, and positions the property favorably within its market segment for sustained financial success.

5. Consider Hiring a Property Management Company

Finally, if you’re feeling overwhelmed or uncertain about how much to charge for rent or other aspects of renting your property, consider hiring an experienced property management company.

Rely on Scott Properties of the Midlands to unlock your rental properties’ full potential. With our expertise, we provide strategic insights on pricing, marketing, tenant selection, and property maintenance. This comprehensive approach ensures landlords achieve peak returns while enjoying a hassle-free management experience, fostering long-term success in the rental market.

We understand that setting a rental price can be a challenge for landlords. We strive to make it easy for our clients with helpful resources and personalized advice tailored to their needs.

Contact us to take advantage of our property management services today.

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Short-Term vs. Long-Term Rentals: Pros And Cons | Property Management in Lexington, SC

Author: MediaBeast
Categories: Property Management Companies in Columbia SC
Property Management in Lexington, SC

Are you seeking professional Property Management in Lexington, SC, to rent your property? You will have to consider whether to rent short-term or long-term. Making the right choice can significantly impact your income and property management experience.

In this blog post, property management experts at the Scott Properties of the Midlands will explore the pros and cons of short-term and long-term rentals, giving you valuable insights to help you make an informed decision.

From flexibility and higher income potential to stability and reduced management responsibilities, we’ll delve into the advantages and drawbacks of each option. So, let’s dive in and find the perfect match for your property and goals!

Short-Term vs. Long-Term Rentals

1. Short-term Rentals

Short-term rentals offer flexibility and convenience for property owners. With platforms like Airbnb and VRBO, you can easily attract travelers and vacationers. The pros include higher rental income potential, as short-term rentals often command higher nightly rates. Additionally, you have the freedom to use the property for personal purposes.

However, it’s essential to consider potential income volatility due to seasonal fluctuations and increased time and effort required for guest turnover and property management. Moreover, short-term rentals can present legal and regulatory challenges, such as local zoning restrictions or homeowner association rules.

2. Long-Term Rentals | Property Management in Lexington, SC

Long-term rentals provide stability and predictability in terms of rental income. You can enjoy a steady cash flow with a reliable tenant in place. Long-term rentals also involve reduced management responsibilities, as tenants typically take care of day-to-day maintenance. Building long-term tenant relationships can lead to a sense of community and trust.

However, long-term rentals may limit your flexibility for personal use of the property. Longer vacancies between tenants can also impact your income. Additionally, there is a risk of dealing with problem tenants, requiring proper tenant screening and handling potential conflicts.

3. Factors to Consider

Several factors should influence your decision when choosing between short-term and long-term rentals.

  • Consider the rental property location and market demand. Some areas might be more suitable for short-term rentals due to tourism or events, while others may be better for long-term tenants.
  • Evaluate your financial goals and objectives. Short-term rentals can generate higher income but may require more active management. In contrast, long-term rentals offer stability but potentially lower returns.
  • Take into account your circumstances and preferences. Are you willing to put in the extra effort for short-term rentals, or do you prefer a more hands-off approach with long-term tenants?
  • Finally, consider the legal and regulatory aspects, such as local ordinances and restrictions that may impact your rental choice.

Also Read: How To Identify Top Talent In Property Management | Property Management In Columbia, SC

Offering the Best Property Management in Lexington, SC

Experience the difference with Scott Properties of the Midlands and unlock the full potential of your rental property in Lexington! Our property management experts are dedicated to providing top-notch property management in Lexington, SC, tailored to your unique needs. Take the initial step towards maximizing your rental income and streamlining your property management process with the best Property Management in Lexington, SC.

Contact us to schedule a consultation and discover how our comprehensive services can benefit you.

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5 Tips For Handling Difficult Tenants | Property Management

Author: MediaBeast
Categories: Property Management
Property Management

Dealing with difficult tenants can be among the most challenging aspects of property management. From late payments to excessive noise or property damage, navigating these situations requires finesse and effective strategies. Many property owners face challenges in handling difficult tenants.

To help you tackle these challenges head-on, we share five invaluable tips for managing difficult tenants. By implementing these strategies, you can maintain a harmonious landlord-tenant relationship while safeguarding your property and investments.

From setting clear expectations to documenting interactions, experts at Scott Properties of the Midlands will explore practical solutions to manage challenging situations effectively. Let’s dive in and discover how you can transform tenant management into a smoother, more rewarding experience.

How To Handle Difficult Tenants?

1. Set Clear Expectations

Effective tenant management begins with setting clear expectations from the start. Ensure that your lease agreement includes comprehensive guidelines, rules, and policies. Communicate your expectations regarding rent payments, property maintenance, noise levels, and other essential factors. By establishing these expectations upfront, you can minimize misunderstandings and potential conflicts.

2. Establish Open Communication Channels | Property Management

Maintaining open lines of communication is crucial when dealing with difficult tenants. Encourage tenants to contact you with any concerns or issues they may have. Respond promptly and professionally to their inquiries, demonstrating that you value their feedback. Regular check-ins and proactive communication can help address problems before they escalate and foster a positive landlord-tenant relationship.

3. Address Issues Promptly

When difficult situations arise, addressing them promptly and effectively is essential. Take immediate action, whether it’s a maintenance request, a noise complaint, or a violation of lease terms. Responding promptly demonstrates your commitment to resolving issues and maintaining a well-managed property. Promptly addressing problems can help prevent them from worsening and minimize potential disputes.

4. Document Everything | Property Management

Documenting interactions and incidents with difficult tenants is crucial for effective property management. Keep thorough records of all communication, including emails, letters, and phone conversations. Document any complaints, violations, or requests for repairs. This documentation is a reference point and can protect you legally, if necessary. It also helps you track the history of any ongoing issues and ensure consistency in your approach.

5. Seek Legal Assistance

In some cases, handling difficult tenants may require legal intervention. If you have exhausted all other options and the situation persists, consult a real estate attorney or a legal professional specializing in landlord-tenant disputes. They can provide guidance on your rights and obligations as a landlord and help you navigate complex legal procedures if necessary. Also, check the landlord-tenant law of your region to learn more.

Get The Best Property Management Services with Scott Properties of the Midlands

Are you tired of dealing with difficult tenants on your own? Let Scott Properties of the Midlands be your trusted partner in property management. Our team understands the challenges of handling problematic tenants, and we’re here to help.

From tenant screening to eviction management, we provide the expertise and resources needed to ensure you have a successful rental property. With our comprehensive services, you can enjoy peace of mind while we handle the complexities of tenant management.

Contact us today to learn more.

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5 Benefits Of Expert Property Management | Property Management

Author: MediaBeast
Categories: Property Management
Property Management

Are you a property owner in Columbia, SC struggling to maintain your property or finding it challenging to manage tenants? Consider hiring a property management company with professional experience. These professionals possess the skills and knowledge to handle the complexities of management, ensuring your investment thrives. They take care of everything from efficient tenant screening to prompt rent collection.

Scott Properties Midlands discusses the benefits of hiring expert property managers, explaining how their property management services can transform your real estate investments. Say goodbye to the hassle and unlock the full potential of your property!

Benefits of Hiring Expert Property Managers

1. Efficient Tenant Screening | Property Management

One of the primary benefits of professional property managers is their expertise in tenant screening. They take the burden off your shoulders by carefully vetting potential tenants, resulting in reduced vacancy rates. No more agonizing over long periods of empty properties.

Experienced property managers possess the necessary skills to entice reliable tenants who pay rent on time, adhere to lease agreements, and maintain the property in good condition.

2. Prompt Rent Collection

Say goodbye to the stress of chasing after late rent payments. With property managers in charge, you can rest easy knowing that rent will be collected promptly. They employ effective systems and strategies to ensure tenants pay on time, sparing you stress and frustration.

Property managers enforce lease terms, ensuring tenants fulfill their contractual obligations and giving you peace of mind.

3. Maintenance and Repairs

Maintenance issues can be a major headache for property owners, but property managers excel in this area. They promptly respond to maintenance requests, ensuring issues are addressed on time.

With their extensive network of reliable contractors and vendors, property managers ensure that repairs are carried out efficiently, saving you time and hassle. Your property will be well-maintained, preserving its value and keeping tenants satisfied.

4. Legal Compliance | Property Management

Navigating the complex landscape of local laws and regulations can be daunting for property owners. Fortunately, expert property managers are well-versed in rules management and ensure that your property remains compliant.

From understanding tenant rights to handling eviction processes, they mitigate the risks associated with legal issues. Their expertise can help you avoid legal issues and safeguard your investment.

5. Financial Management

Managing properties is about more than just collecting rent. It’s more than that. Qualified property managers excel in financial management, offering accurate bookkeeping and accounting services. They maintain detailed records of income and expenses, providing you with clear financial statements.

Moreover, property managers devise strategies to maximize rental income, ensuring you get the most out of your investment. Their financial expertise lets you make informed decisions and optimize your property’s financial performance.

Get Help from a Top-Notch Property Management Company in Columbia, SC

Entrusting your property to qualified property managers can be a game-changer, offering peace of mind and unlocking the full potential of your real estate investments.

Ready to experience the benefits? Contact Scott Properties Midlands today and let us handle your property management. Maximize your investment and reap the rewards with our trusted expertise. Contact us today to learn more about our property managers.

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How To Identify Top Talent In Property Management | Property Management In Columbia, SC

Author: MediaBeast
Categories: Property Management in Columbia SC
Property Management In Columbia, SC

Are tenants causing headaches, and maintenance issues seem never-ending? It’s time to consider the expertise of a property manager. But with several property management companies, how do you ensure you choose the right one for property management in Columbia, SC?

Scott Properties Midlands explains how to identify a top-rated company for property management in Columbia, SC, in this blog post.

Signs to Identify Qualified Property Managers

1.     Strong Communication Skills | Property Management In Columbia, SC

Effective and clear communication lies at the heart of successful property management. A property manager must be able to convey information clearly, listen attentively, and address concerns promptly. When evaluating potential property managers, keep an eye out for these signs of excellent communication skills:

  1. Active Listening: A good property manager listens attentively to property owners and tenants, understanding their needs and concerns.
  2. Clear and Concise Communication: Look for managers who can articulate information clearly and effectively, avoiding confusion or misunderstandings.
  3. Responsiveness: Timely responses to emails, phone calls, and inquiries demonstrate a property manager’s commitment to open and consistent communication.

2.     Knowledge of Local Laws and Regulations

Navigating local property laws and regulations is essential for property managers. Look for these indicators of a property manager’s familiarity with the specific area:

  1. Licensing and Certifications: A qualified property manager should possess the licenses and certifications local authorities require.
  2. Understanding Lease Agreements: They should be well-versed in drafting and enforcing lease agreements, ensuring compliance with local laws and regulations.

3.     Proven Track Record and Experience

Experience brings valuable insights and a track record of success. Consider the following signs of a property manager’s solid experience:

  1. Length of Service: A qualified property management company in Columbia, SC, must have an established presence indicating stability and reliability.
  2. References and Testimonials: Request references or read online reviews to gauge the experiences of other property owners who have worked with the manager.
  3. Financial Management Expertise: A skilled property manager should have a track record of effectively managing budgets, rent collection, and financial reporting.

4.     Exceptional Problem-Solving Abilities | Property Management In Columbia, SC

Property management is rife with challenges, making problem-solving skills crucial. Consider these examples when assessing a property manager’s problem-solving abilities:

  1. Conflict Resolution: A competent property manager can effectively mediate disputes between tenants or handle conflicts with service providers.
  2. Maintenance Troubleshooting: Look for evidence of timely and efficient resolution of maintenance issues to minimize disruption for tenants and property owners.

5.     Outstanding Customer Service Orientation

Providing excellent customer service is vital for property managers to maintain tenant satisfaction and attract quality renters. Consider these indicators of a property manager’s customer-centric approach:

  1. Prompt Response to Tenant Inquiries: A reliable property manager addresses tenant concerns promptly, fostering positive tenant relationships.
  2. Tenant Retention Strategies: Look for evidence of proactive measures taken to ensure tenant satisfaction and encourage lease renewals.

Rely on the Pros for Property Management in Columbia, SC

Choose excellence in property management – trust Scott Properties Midlands. We are one of the top companies for property management in Columbia, SC, since 2005. With our A+ track record accredited by the Better Business Bureau, we offer top-tier talent to handle your property needs. Contact us today for seamless and stress-free property management solutions.

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Top 5 Worst Property Management Mistakes | Property Management In Columbia, SC

Author: MediaBeast
Categories: Property Management Company
property management in Columbia, SC

If you’re a property owner in South Carolina, you know how profitable rental properties can be. But managing rental properties is a not an easy task. It requires a lot of knowledge, attention to detail, experience, and effort to ensure your property runs smoothly and profitably. Therefore, many property owners and landlords seek professional help for property management in Columbia, SC, to handle the often tedious and complicated tasks.

On the other hand, those who choose to manage their own rental properties independently can easily make mistakes that could cost them time, money, and a lot of stress. To help you avoid these blunders, here are the top five worst rental property mistakes to steer clear of:

1. Keeping a Bad Tenant Just Because You Know Them | Property Management In Columbia, SC

It’s important to remember that renting out a property is a business, and you cannot let personal emotions or familiarity with a tenant come into play when making decisions.

If you have an unreliable tenant who is always late on rent or one who has damaged the property, it’s time to let them go. Otherwise, you’re committing one of the top rental property mistakes that will cost you in the long run.

2. Not Having a Solid Lease Agreement

A solid lease agreement is essential for protecting your property and your rights as a landlord. It should clearly outline the terms of the rental agreement, including rent payment due dates, late payment fees, maintenance responsibilities, and more.

3. Ignoring Tenant Complaints and Concerns

As a landlord or property manager, it’s essential to address tenant complaints and concerns promptly and professionally. Ignoring them can lead to unhappy tenants and hurt your reputation as a landlord.

4. Not Preparing for Vacancies

Vacancies are inevitable in the rental property market, but failing to prepare for them can cost you time and money. You must have a plan to market your rental property and attract quality tenants even if you have no current vacancies. It is one of the best proactive steps for efficient property management in Columbia, SC that will help minimize vacancy rates and maintain your cash flow.

5. Not Inspecting the Property Before Leasing

Imagine you’ve just leased your property and later discovered severe property damage. Now, you cannot blame the tenant for the damages because you forgot to inspect the property and have no proof that the tenant might have caused it. So, you must pay for the repairs and maintenance expenses from your pocket.

Therefore, inspecting the property thoroughly before leasing it out is critical so that you can document any existing damages and avoid such costly surprises.

Avoid All These Rental Property Mistakes with Professional Property Management in Columbia, SC

Scott Properties Midlands understands how one mistake in property management can have costly and long-term repercussions. We offer professional property management in Columbia, SC, to help landlords handle everything from tenant screening to rent collection. Our property managers are well-trained and experienced to ensure your rental property runs smoothly and profitably.

Contact us today to learn more!

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6 Benefits Of Working With A Property Management Company | Property Management Company In Columbia

Author: MediaBeast
Categories: Property Management Company
property management company in Columbia

If you own a rental property in South Carolina, now is the time to rent it out! The rental market in Columbia, SC, is booming due to low inventory levels and impressive population gains, and property owners have more opportunities than ever before to capitalize on their investments. However, it is more complex than cleaning your property, posting an ad online, and waiting for the tenants to roll in. A lot of back-end work goes into running and maintaining a successful rental property. That’s why working with a professional property management company in Columbia is your best bet for success.

Today, we’ll uncover the benefits of working with expert property managers and how they can help you maximize your returns on your rental investments.

1. They Screen Tenants Properly | Property Management Company In Columbia

There are all kinds of potential tenants in the market, from the responsible ones who pay their rent on time and look after the property to those who are unreliable and cause damage. And it takes a deep understanding of tenant screening to identify the most suitable ones for your property.

Expert property managers know how to properly vet and screen tenants to ensure you rent out to the right people. They will conduct background checks and review credit histories to ensure you make the best property decisions.

2. Set Fair Rental Rates

If you set rental rates too low or too high, you might leave money on the table or deter potential tenants from renting your property.

With the help of an experienced property manager in Columbia, you can rest assured that rental rates are always set as per the fair market value. Expert property managers understand the local market and can use the latest data to determine the best rental rates for your property.

3. Handle Legal Compliance

Rental laws vary from state to state and city to city, so knowing what rules apply to your property is essential. Experienced property managers are familiar with the local rental laws, ensuring that your property is always in compliance and protecting you from legal issues down the road.

4. Handle Maintenance and Repairs

One of the most time-consuming parts of being a landlord is dealing with maintenance and repairs. If something breaks or needs to be fixed, you must find the right professionals and arrange for repairs.

But if you work with a property management company in Columbia, all the maintenance and repair work is handled for you. Expert property managers have a network of reliable contractors they can call upon in case of any issue, so you don’t have to worry about a thing.

5. Collect Rent on Time | Property Management Company In Columbia

Getting tenants to pay their rent on time can be a difficult task. Late payments affect your cash flow and take up valuable time. If you want to avoid running after tenants for the rent each month, partnering with a property management company in Columbia is your best bet.

These experts have the experience and strategies to ensure that tenants fulfill their monthly commitment every time. They can set up automated systems to accept payments online and employ late payment policies to hold tenants accountable.

6. Reduce Vacancy Rates

No landlord wants their property to sit empty for months. But vacancies can quickly become an issue if you don’t know how to market your property and attract the right tenants effectively.

Your property manager can help you maximize your rental income and minimize vacancies. They can use their marketing expertise to get the word out about your property and create attractive rental listings to attract potential tenants.

Rent Out Hassle-Free with a Professional Property Management Company in Columbia

Scott Properties Midlands has expert property managers who can care for your property in Columbia. We provide comprehensive property management services and property owner benefits, including tenant screening, rent collection, maintenance and repairs, legal compliance, and more.

Contact us today to learn more about our services and how we can help you manage your rental property.

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Rent Your Home With Ease | Property Management Company In Columbia

Author: MediaBeast
Categories: Property Management
Property Management Company In Columbia 1

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.

Contact us today to get started!

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5 Renting Mistakes To Avoid | Property Management Company In Columbia

Author: MediaBeast
Categories: Property Management
property management company in Columbia

Key Takeaways:

  • Columbia is a great place to live, offering a unique blend of culture, recreation, affordability, and career opportunities.
  • From single-family homes and condos to multi-family units, there are plenty of rental properties in Columbia for people who want to call this city home.
  • However, before renting a property in Columbia, understand the common renting mistakes and take the necessary steps to protect your rights as a tenant.
  • Not reading the rental agreement carefully, not getting renters insurance, paying rent late, misusing amenities, and prioritizing square feet over layout or design are common mistakes to avoid to ensure a smooth rental experience.
  • Scott Properties Midlands is a premier house rental expert and property management company in Columbia that can help you find the right property and protect your rights as a tenant.
  • Our experienced team will match you to an ideal rental property according to your budget and requirements and ensure that all the necessary paperwork and agreements are correctly handled.

 

Property management companies in Columbia will tell you that renting a new home here is an exciting experience. From lush green hills, rolling meadows, and peaceful surroundings to vibrant city life and exciting nightlife, this city provides a mix of rural and urban living that few other cities can match. It also boasts excellent schools, great local shopping and dining options, plenty of parks, cultural attractions, recreation areas, and a strong community of diverse people.

According to Forbes, Columbia is one of the fastest-growing cities in the US, ranking 102 out of 200 as one of the best cities for business and career opportunities. In addition, the cost of living in Columbia is relatively low compared to other major cities in the US, making it an attractive option for people looking to relocate.

That said, you can easily find an affordable and suitable rental property in Columbia. Whether you’re looking for a one-bedroom apartment, a family home, or something more luxurious, plenty of options are available. However, partnering with a reliable home rental expert and property management company in Columbia ensures you get the best deal and service.

Scott Properties Midlands specializes in helping people find the perfect rental property in Columbia. We offer various homes and apartments with varying styles, locations, and amenities. Our experienced real estate agents will work closely with you to find a rental property that fits your budget and lifestyle.

Besides, leasing a house through us means that it will be appropriately managed and maintained. Our property management company in Columbia will take care of all the maintenance, repairs, inspections, and other tasks and make sure your new home is safe and comfortable. With us, you’ll have a stress-free renting experience!

That said, you must know that as much as working with professional property management is essential, it is also necessary to be familiar with common renting mistakes. We have compiled a list of the top five renting mistakes to help you avoid any unpleasant experiences.

1. Not Reading the Rental Agreement Carefully | Property Management Company In Columbia

Many renters do not read the rental agreement carefully, which can lead to issues later. The most important parts of the rental agreement are the rent amount and payment dates, occupancy rules, and property condition at the time of move-in.

Make sure to go through the rental agreement line by line and read all of the details before you sign. Because once you sign the agreement, you are legally bound to all the terms and conditions, and going against them could lead to unpleasant legal situations.

2. Not Getting Renters Insurance

Renters insurance is a type of insurance that helps protect your personal property from theft and damage and liability for accidents or injuries inside the rental unit. It is important to get renters insurance to protect yourself in an accident. It will also help you save money in the long run if something does happen to your belongings.

When looking for a rental property in Columbia, consider the cost of a renters insurance policy as part of your budget. While getting this insurance is not required by law, it will provide much-needed peace of mind and financial protection.

3. Paying Rent Late

When you sign a lease for a rental property in Columbia, you agree to pay rent on time. The date could be on the first of every month or due on another predetermined date. Landlords expect their tenants to pay rent on time regardless of the due date.

If you cannot pay rent on the specified due date, you must inform your landlord and explain the situation. Most landlords understand and will work with you to develop a payment plan or an alternative solution. However, if you fail to pay rent or make arrangements with your landlord, you could face legal consequences such as late fees or eviction.

4. Misusing Amenities

Whether it’s a rental home, an apartment building, or other types of rental property in Columbia, tenants are typically responsible for taking good care of the amenities the landlord provides. It includes but is not limited to, things like furniture, appliances, and other items that come with the rental. Tenants are also expected to keep communal areas clean and avoid damaging property.

If you misuse amenities or damage the property, you could be held financially responsible for the repairs. Inspecting the property before renting is always a good idea to ensure you know its condition so you don’t have to worry about these issues.

5. Prioritizing Square Foot Over Layout or Design | Property Management Company In Columbia

At times, tenants may prioritize the square footage of a rental property in Columbia over the layout or design – which is a mistake. While square footage is important, it’s not the only factor to consider when selecting a rental property.

Imagine having a larger space that’s dark and cramped or one with an awkward layout. Not only will this be uncomfortable, but it could be more challenging to furnish and decorate to make the most of your space.

Therefore, it’s essential to consider the layout and design of the property carefully. Take note of any windows, natural light sources, and other elements that could make or break your experience. Inspect the kitchen, bathrooms, and other common areas to ensure they meet your needs.

Looking for A Rental Property? Let the Professional Property Management Company in Columbia Help!

Scott Properties Midlands is a premier house rental expert and property management company in Columbia. Our experts are familiar with all city areas and can help you find the perfect rental property to fit your needs. We offer various options, including houses, single-family homes, apartments, and townhouses. We also have properties in all price ranges to fit any budget.

Use our search tool to find the best rental property in Columbia that meets your needs. You can narrow your search by location, rent amount, beds, and baths. Once you find a place that fits your budget and requirements, our experienced agents will help you sign a lease and move into your new home. Contact us today to get started with your search for the perfect rental property in Columbia!

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