Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become overwhelming. Chances are you are looking to maximize the profit from your investments as well as maintain and increase the value of your properties. Here are some reasons why you should hire a professional property manager:
•Tenant Selection: Ensuring you have the best tenant possible is a top priority at Zivkovic & Associates. Thorough tenant screening can significantly lessen the chances of income loss, damages and turnover. We pull national criminal and eviction searches as well as verify employment and rental history.
• Tenant Customer Service and Issue Resolution: 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 customer service.
• Property Maintenance and Improvements: We hire contractors to perform all necessary property maintenance and make recommendations to clients on making improvements to the properties when we feel doing so will enable them to raise their rents and increase the return on their investment.
• Bill Payment, Bookkeeping and Financial Reporting: At no extra cost, we provide our clients a monthly income statement detailing their properties’ performance for the month. These reports, along with profit checks, are sent out between the 10th and 15th day of each month, reflecting all previous month’s activities regarding the property on a cash basis.
We scrutinize bills for accuracy and handle the resolution of billing discrepancies. We also do an annual expense audit for our clients and look for ways to minimize expenses and where appropriate put services out for competitive bid. Our books are professionally kept and at year’s end we deliver a financial statement for the year to our clients’ tax filing needs upon request.