10 Reasons to hire Real Property Solutions of Ohio, LLC

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If you've owned income property for any length of time, you know that owning a rental can be financially rewarding. At the same time, you've also likely discovered that managing the property requires a large commitment of time and effort.

While it may make sense to take the do-it-yourself approach if you're a handy person, live close to your property, and don't mind devoting several hours per month to the task, in many cases this just isn't practical---especially if you own more than one property and still work a full time job. With this in mind, here are some critical tasks Real Property Solutions of Ohio, LLC can help you with:

1. Setting the right rental rates: While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, we will conduct a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.
2. Collecting and depositing monthly rent payments on time: If you've ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. We have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You'll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.
3. Marketing and advertising your property: Through long experience, we know exactly where to market your property and how to craft compelling advertising materials---a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.
4. Finding the right tenants: We are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.
5. Managing tenants: In addition to finding good tenants, we will manage all aspects of the tenant-landlord relationship. We will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.
6. Managing vendor relationships: We have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it's almost impossible for an independent landlord to duplicate. Not only will we get you the best work for the best price, we'll oversee any necessary maintenance projects.

7. Ensuring that you're in compliance with housing regulations and property laws: There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). We can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.
8. Enabling you to invest in geographically distant properties: If you manage your own properties, you're pretty much limited to investment opportunities within a tight radius of your own home. By hiring us, you can take advantage of investment deals from any location you wish.
9. Maximizing the profitability of your time: By having us take care of the day-to-day aspects of running your income property, your free to spend your time with your family or friends or maybe identifying further investment opportunities.
10. Maximizing the profitability of your money: We charge a percentage of your property's monthly rental rate in exchange for our service. The rate runs anywhere from 5-8% (per fee structure below), which is generally less than the money you save by taking care of your property yourself (delays in renting, time involved handling calls and showing the property, over paying contractors, gas and time traveling to and from the property, calling tenants asking for rent each month, posting notices and most importantly putting the wrong tenant in your property).