Kemp Hable Property Management
Kemp Hable Property Management – Bonnett Properties, LLC contracted Compass Commercial Property Management in August of 2011 to provide property management services for a portfolio that includes overseeing the management of a class A office complex of five properties.
At the time of accepting the assignment, the client’s existing portfolio stood at 56% multi-occupancy with month-to-month or multi-month leases. When Compass Commercial Property Management took over the share, rent at risk translated into 24% stable active occupancy.
Kemp Hable Property Management
Deliver the portfolio fully and effectively manage the properties within the portfolio to optimize the client’s investment.
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After a detailed portfolio review, Compass Commercial Asset & Property Management presented a complete portfolio management and marketing strategy to the client with clear goals to help grow the portfolio’s assets. The group’s efficient execution of this program quickly increased the value of the portfolio, and effective marketing of the area achieved the desired results. In thirty months, Compass Commercial Property Management brought the portfolio from 56% to 92%. Today the portfolio is 100% occupied with long leases and high rents. We have enjoyed a 100% renewal rate for all tenants across the portfolio. Property management is the peace of mind that rental property investors don’t know they need until they do. Imagine getting a call from a tenant at three in the morning saying they can’t access their unit because the key code doesn’t work. As a citizen, imagine that no one answers your phone at three in the morning while you are locked out.
There is a big difference between a property manager and someone who works as a landlord for tenants. A lot of work goes into property management. As rents continue to rise, so does the quality of service tenants demand.
Are you wondering if you should manage your property or hire property managers? Read more about it here.
DIY Management is another name for a property owner. Landlords usually own the rental property. Homeowners typically operate single-family units. They may also contract with Housing and Urban Development (HUD) to provide subsidized housing under Section 8.
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In addition, the property owner has full responsibility for maintaining the property. They also collect money for the month.
A property manager can be someone who manages a property and takes on the duties of a property owner. They can manage a multi-family complex or portfolio of properties in this case. Or a property manager can work for a large property management firm.
Property management is a profession that requires many hats. There is a lot more to managing a property investment than the ability to buy a property.
DIY property managers and contracted property managers are responsible for protecting the property investment. This also means the owner’s reputation and understanding of the rental industry. Having negative reviews can affect the market value and the type of tenants a property attracts.
Kempas Way, Ceres, Ca 95307
In today’s real estate market, investors buy real estate to build their portfolios. These investors can own property across the country. They hire a property management company for their expertise.
If you only have one or two properties, becoming a DIY property manager may be the perfect fit. If not, hiring a property management company is the best option. They have the technology and resources to work with multiple tenants, maintain properties, and earn an owner’s income.
Understanding the difference between DIY management versus property management will help you make better decisions. The size of your portfolio should guide your decision.
Is hiring a property management company high on your to-do list? Blue Ribbon Property Management is the premier property manager in the Fort Worth area.
River Rd, Modesto, Ca 95351
Our experienced team members are happy to discuss our portfolio of services. Click here to schedule a consultation today.
During her 30 years in real estate marketing and management Kathy has helped thousands of families meet their housing needs. Prior to obtaining her real estate license Kathy specialized in single family sales and multi-family property management. In his career, he has been involved in multi-family due diligence and investment, market evaluation, and acquisitions including general and student properties. If you know the name of the MRI product you are looking for, please use our A-Z menu below. If you’re still unsure which product might suit your needs, please use our solutions menu or call 1300 657 700.
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