Broadway Real Estate pride ourselves on managing properties under our stewardship so efficiently that our clients often experience an increase in property portfolio profitability that offset the cost of our services.
As your property manager we will screen all applicable tenants to verify employment history, rental history if applicable, perform a criminal background check and contact personal references along with requiring all potential tenants to supply a current credit report.
We will periodically drive by the property to ensure the tenants are maintaining the property in good condition. We will also perform a periodic interior inspection and address all issues with the tenants that need to be corrected.
We will screen all calls regarding tenant issues and/or problems and rectify problems. If the problem requires a licensed contractor to correct the problem we have a team of reputable contractors that we work with. All issues or problems requiring a contractor will be presented to you for your review of appropriate quotes.
Our goal as property managers is to manage our client’s properties to the extent that their only involvement with their property is to receive a rental revenue check. Unlike most property management firms, we charge no mark up on services charged by vendors that service properties under our management.
There is a strong relationship between rental property profitability and the retention of responsible tenants. We minimize tenant turnover and its resulting leasing and vacancy expense by developing strong landlord tenant relationships based on expeditious response to tenant concerns and cheerful customer service.
Our management fee is based on rental revenue actually received, we have a personal incentive to make sure your units are always rented at the highest rent the market will bear and that rent collection is aggressively pursued. We will contact the tenant daily to remind them that the rent is past due and that if not paid in full we will start the eviction process. This policy actually minimizes the necessity to carry the eviction process to its conclusion as tenants tend to prioritize the payment of their rent over other financial obligations once they understand how strictly we enforce our delinquent rent policies.
When it is necessary to completely follow through on an eviction action, we manage every step of the process. However, any actual legal fees will be your responsibility.
We take all necessary steps to ensure whenever a tenant is leaving due to either lease expiration or eviction that the unit is advertised to minimize lost revenue due to vacancy.
For information on how to get your property listed for rent on this page or other property management questions, please call or email us today.
We would welcome the opportunity to meet with you to discuss your property management needs.