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When you have homes for rent in Charleston SC you could be dealing with many different property types from historic colonial homes to brand-new construction in the subdivisions and surrounding areas. However, no matter what kind of property you have invested in, you will need to ensure you have enough cash or credit to provide quick fixes for needed home repairs. 

Big repairs such as leaking roofs, cracked foundations, mold outbreak, rotted floors, electrical issues or plumbing problems can really take a chunk out of your cash on hand and even displace tenants. When this happens, you might be responsible for paying for the tenant’s temporary living arrangements until the property is livable again. 

Avoiding Displaced Tenants

If investors have multiple homes for rent in Charleston SC it could be possible to transfer the tenants to a vacant home, although this is not always ideal for the tenant. Most tenants would rather be put up in a hotel for a few weeks while waiting for repairs to be complete. However, there is one way that investors can ward off these big repairs from happening. 

Annual home inspections. 

When home inspections are completed by professionals you can get advance warning on needed repairs before they become emergencies that will cost all your profits. Completing maintenance such as roof or HVAC maintenance is a wonderful way to prolong the life of your homes for rent in Charleston SC and stay within budget for property upkeep. 

The property managers should also ensure that maintenance requests are handled properly, and tenant inspections are being conducted to ensure that the home is being cared for in accordance with the lease terms. Property managers should conduct inspections every 6-months or during lease renewal time to check for lease violations, maintenance issues, and that the home is being kept in sanitary condition. 

One of the top ways to avoid displaced tenants is to partner with a property management company in Charleston to handle maintenance and other property needs. If you are in the market for property manager services, call Scott Properties of Charleston at 843-212-9672.

Charleston property management companies are always looking for new ways to be efficient and save time and money because, ultimately, the savings turn into profits for the owners who employ them. When processes are followed that streamline processes tenants are often much happier as well. Outside of the leasing process, the tenant and property manager relationship will officially be established on the day of move in. These days can be incredibly stressful for tenants and property managers, so having an efficient process will be valuable in keeping everyone as stress free as possible. 

Follow some of these best practices from Charleston property management companies to make your move-in process easier for tenants and managers:

1. Automated Payments- When property managers take electronic payments for deposits and first month rent, move in can be scheduled much sooner. Using a check or card online will have the funds guaranteed much faster than depositing a check and waiting for it to clear the bank. Your tenants will also feel secure in knowing that the money for their deposit and rent is paid expediently. 
2. Use Apps for Property Management- There are dozens of apps available for smart phones, tablets, iPads, and more that will streamline rental processes such as inspections, storing information, requesting maintenance and more. Ditch the paper and pen and record all the information you would store in a tenant file through online software instead! Your tenants can even pay rent, request maintenance, or contact the property manager through some property management apps. 
3. Maintenance Schedules- Maintenance teams are a crucial part of making sure the move-in process goes smoothly. Your team should be on a schedule for turnover maintenance and repairs for each home managed by Charleston property management companies. You will also need an effective communication system for various vendors that are not employed in-house with the property management company. 
4. Communication- Apps and schedules are good tools for communicating but you will need to ensure that the tenants know and understand how to communicate the things they need and what the expectations are. We recommend scheduling a move-in appointment before the day of arrival to do inspections, set expectations, and go over any last-minute questions or details. 

One of the best ways to ensure the move-in process goes smoothly is to trust in Charleston property management companies to do it all! Investors with multiple properties should not shoulder it all alone. 

If you are ready to talk to a property manager and get the process started, contact Scott Properties of Charleston at 843-790-4929.

Many people believe that being a landlord is the easiest job in the world. They think all a landlord must do is sit back and collect the rent every month, but there is a lot more that goes into rental property investing. In addition to all the various tasks that must be done from painting to leasing and tenant maintenance issues, a landlord’s work is never done, and costs are constantly piling up. However, no matter how tempting it may be, there are many costs that accompany having one of the best Charleston property management companies in the area that you just cannot skip out on.

Some landlords like to skip out on essential services such as pest control, recycling, or landscaping because they think they can lower their costs this way. Charleston property management companies understand the value of implementing services that some landlords might consider a privilege to their tenant. Some of these services add value and life to the home such as:

• Roof inspections 

• HVAC inspections and maintenance 

• Providing and changing the air filter quarterly 

• Providing landscaping services

• Pest control and prevention 

• Tree trimming 

• Exterior power washing 

A home typically rents for 1% of the property value; however, when Charleston property management companies can offer services that other landlords do not want to offer, the rent can be a little higher which can offset the cost of providing those services. The higher rent is not the only benefit that comes with these services. These types of services increase the value and lifespan of the property so that the home does not depreciate. Many services are also needed to ensure warranties stay intact such as roof maintenance or HVAC maintenance. 

The hard part about providing services is being able to keep up on all of them during your already hectic workday. Let Charleston property management companies lighten this burden for you by taking care of all your property management needs. 

If you are ready to talk to a property manager and get the process started, contact Scott Properties of Charleston at 843-790-4929.

The best thing investors can do for their business is hire a Charleston property management team to run their rental business. Most investors understand the importance of using a property management, but they often struggle with knowing when the is the best time to hire a property manager. Should you hire after you have multiple properties? As soon as you sign the purchase agreement? After you are ready to rent the home? 

You are not the only investor asking themselves these questions. Charleston property management companies are a fantastic asset but partnering with a company is not free. Hiring a property manager too soon could end up costing more money than necessary; however, you can lose even more money when your properties are sitting empty and without prospects. 

When to Partner with Property Management Companies

The best time to partner with a Charleston property management team will be different depending on the services being offered. Some property management companies will help with setting your rental price, offering ideas on interior decorating, and getting properties ready to rent. Others will start their duties once the home is resident-ready and will market your home, complete the leasing process, and even manage a maintenance team. Some of the best property management companies in Charleston can even handle the eviction and legal process for you if the worst-case scenario ever happened.

Investors should start interviewing Charleston property management teams as soon as they decide they want to purchase a rental home. Many companies will talk with investors about capacity and needs before deciding to partner together. Knowing the options available before you purchase will help investors get their property manager started at the right time for their business needs without wasting money or waiting too long and having to scramble. 

It is never too late to take the burden of being a landlord off your shoulders and hire a professional property manager to start handling the landlord stuff while you let the cash flow in. 

If you are ready to talk to a property manager and get the process started, contact Scott Properties of Charleston at 843-790-4929.

Rental properties are in high demand and now is one of the best times to dive into becoming an investor and partnering with Charleston property management to earn residual income long into your retirement. Younger investors tend to buy homes to renovate and rent out; while retirees often decide to turn their family home into a rental property when they downsize. No matter what your situation is, there are some things you will need to do before you can start renting your properties to tenants. 

First Steps to Getting Property Ready to Rent

1. Register as a Landlord- Before you can rent out a property and begin working with Charleston property management, you will need to official register as a landlord with the city. The only thing needed to register as a landlord in Charleston is an application and w-9. 
2. Building Codes and Compliance- Rental properties are subject to inspections by city inspectors to ensure that the homes are up to code for safety compliance and minimum health standards. 
3. Resident Ready- If you are an investor who is purchasing homes to fix up and rent out, you will need to make renovations and updates to the home before it is resident ready. Even if you are renting out your family home as you downsize, updates to make the home more modern are a wonderful way to rent the home out fast. 
4. The Extra- Charleston property management is competitive and rental homes do not usually stay on the market long; however, you can increase your curb appeal and attract quality tenants by doing a little extra such as professional landscaping or new appliances before putting the home on the rental market. 
5. Property Management- Investors love working with Charleston property management teams because they can live their life without the hassle of being a landlord while still making a monthly profit. Working with a property manager is the best way to ensure your home is rented in a professional manner that keeps tenants under leases and profits coming in monthly. 

If you are on step five and ready to contact a property management company in Charleston that will work hard to have your home rented quickly with quality tenants, contact Scott Properties of Charleston at 843-790-4929.