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Charleston Property Management | How to Make the HVAC in Your Rental Last Longer

Charleston Property Management

One of the most stressful parts of owning rental property is the large expense occurred when a major appliance breaks down or needs replaced such as the HVAC system. The price of the new system as well as installation can run thousands of dollars—an expense that many property owners are not always prepared to shoulder. When you partner with a Charleston property management company, you can discover the key to making your HVAC system last longer.

Preventative Maintenance- Every year your HVAC system should have an inspection that cleans the system, removes any debris from the exterior components, change thermostat batteries, and change the air filter along with checking for damages to the ductwork. The air filters should also be changed every three months or more often depending on how dirty they are. Charleston property management companies have the best rates worked out with local vendors to provide scheduled maintenance and keep warranties valid.

Lease Instructions- Include safety measures and precautions to keep the HVAC system up and running in the lease. Many times, Charleston property management makes sure to include keeping HVAC closets free of boxes and personal items into the lease. If these units are in the basement, you can mark out lines on the floor with tape showing tenants to keep four feet clear on all sides of the furnace or air conditioner.

Inspections- Property managers should do inspections on properties every six months or at lease renewal to ensure that the home is being taken care of according to the lease instructions. The HVAC system, air filter, and thermostat can also be checked during this time to ensure proper working order, along with other appliances.

The best way to increase the longevity of rental properties and appliances is to be proactive and preventive. Let a Charleston property management team with maintenance connections handle the management and upkeep of your rental properties.

Schedule an appointment with a property manager at Scott Properties today at 843-790-4929.

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Charleston Property Management Companies | The Most Common Rental Properties

Charleston Property Management Companies

If you have been looking to invest in rental properties, you have probably been wondering which types of rentals are the most popular and profitable. Charleston property management companies offer many distinct types of rental to appeal to all the demographics of renters in South Carolina. However, first time investors will have some security by investing in one of the most popular type of rental homes.

Single-Family Homes- The most popular type of rental for families are single-family homes. These detached homes usually have yards, and neighbors have defined property lines.

Multi-Family Buildings- These can be large apartment complexes with dozens of buildings and hundreds of apartments, or smaller like duplexes, triplexes, and fourplexes.

Townhomes- Also called row houses, these homes are built connected to each other on at least one wall. They are normally two stories and often share connecting yards as well. Townhomes are often built as part of larger multi-family complexes.

Condominiums- Condos are multi-family units that are privately owned. Investors can purchase these buildings and then sell individual units.

Investors in rental properties have traditionally pursued long-term rentals of a year or more when trying to attract tenants. There are other investors who have ventured into the Air BnB side of renting where short term rentals of just a few nights are popular. Air BnBs are generally in houses, apartments, or guest houses. These rentals can be unpredictable, and tenants are not screened the same way they would be for long term renters signing leases.

Charleston property management companies understand the risks and benefits of the distinct types of rental properties. Once you find the perfect investment, you will need a property manager that can find the best tenants through marketing, screening, and taking care of the day-to-day tasks of managing rentals.

Single family homes are some of the best properties to focus your investment on. When you are ready to hire a property manager to take your investment to the next level, call Scott Properties at 843-790-8502.

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Why Your Property Is Still Vacant?

Property Management Services in Charleston

One of the most frustrating things for property management services in Charleston is when properties are not renting quickly. Vacant properties mean no rental income and no rental income is the last thing that an owner wants to hear. When a home is left empty a property manager needs to decide why the renters are not interested in the home. There are several things that could be contributing factors to a home that is not garnering much interest.

  1. Overpriced- Single-family homes are more expensive than apartments but if the home you are renting is priced way over the others in the area you will likely have a difficult time renting it out. Property management services in Charleston are diligent in doing market research to figure out the best rental price for a home in various neighborhoods.
  2. Poor Marketing- A sign in the front yard is not always enough to get the attention of quality tenants. Property owners need to ensure they are marketing across many platforms including social media, rental sites, and craigslist to ensure maximum exposure. Some property management services in Charleston also do radio and TV advertising, billboards, and more.
  3. Curb Appeal- Ask yourself whether the home is attractive. When siding is dirty, the lawn is sparse and brown, the porch steps are broken, or there are cracks in the sidewalk leading to the home, possible tenants may think the home is not safe. They might also be weary of whether the home is clean inside which will turn them away from scheduling a showing.

Outside of price, marketing, and curb appeal, the only other reason a home would remain vacant is if there is no demand for rental homes; however, this is almost never the case in Charleston. Single family homes are in hot demand and great homes are not likely to stay on the market for long. If you have been interested in diving into real estate investment now is the time!

Great property management services are vital for success in Charleston renting and Scott’s Properties is here to make sure your rental business is the best it can be. Call today to set up an appointment at 843-790-4929.

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Are Move-In Deals Effective?

Property Management Services in Charleston

One of the things that is always on the mind of property management services in Charleston is how to keep tenants in homes so that occupancy rates are high, and turnover is low. Resident retention is especially important but getting quality, long-term tenants can sometimes be difficult. Many landlords are tempted to offer move-in deals to sweeten the pot and try to get more traction to their properties; however, there are many things to consider before offering incentives on rental properties.

  1. What is the Market? The first thing you must consider before offering deals is what the rental market is currently like. Are many of the property management services in Charleston struggling to fill homes? Are there move-in specials being advertised everywhere? If rentals are filling up fast, there is no reason to offer money off or incentives for new leases. Supply and demand must always be the first consideration you make when figuring out specials.
  2. Quality vs. Quantity- When you offer good deals for homes you will have an influx of tenants that will request more information or book showings; however, not all these tenants will be the high-quality tenants you are looking for. Some tenants who are looking to move as fast, and cheap, as possible may not be credit worthy or have the income available to sustain the rent long-term. Therefore, it is important to never offer free application fees either. You only want tenants that know they are qualified to apply.
  3. Time Vacant- When a property management service in Charleston has homes that are vacant for longer than a few weeks after a previous tenant moves out, they may think about offering a deal, especially if they have had showings but no concrete interest. However, before coming up with special offers, consider ways to make the property more attractive such as power washing the outside, planting fresh flowers, or redoing the driveway to increase curb appeal.

In addition to considering the market, quality of tenants, and time vacant, property management services in Charleston must also ensure that they will not be losing money or costing the property owner any money in offering deals or incentives.

If filling up your properties has become a hassle and you would like to talk to a property manager with years of professional experience, contact Scott Properties at 843-790-4929.

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Screening Options without Social Security Numbers

Property Management Companies in Charleston

The main way that property management companies in Charleston screen tenants is through a credit and background check. However, background check only produces what the applicant has done in the United States and social security numbers are needed to establish credit. When people from other countries are moving to the United States, they might not have a social security number or any background in the country that can be checked.

How to Credit Check Without A Social Security Number

When a potential tenant wants to apply for a rental home the property management companies in Charleston usually require the social security numbers for everyone over 18 years old. Foreign born tenants may not have social security numbers or may not have credit established under their temporary numbers. So, how can you determine their credit worthiness?

One of the ways you can establish if a tenant is credit worthy is to ask for current utility bills from their last known address showing that there is no balance due on the account. You can also ask for multiple months of income statements rather than the standard 30 days that is usually required by property management companies in Charleston.

You can also request a copy of their VISA or permit to be in the country. Immigrants must go through a rigorous process to enter the United States legally and those who are issued a VISA or have resident status have been thoroughly vetted by the United States government.

Other Options for Tenants without Social Security Numbers

The standard lease term on a single-family home is one year. When potential tenants lack social security numbers and you are worried about their credit worthiness, consider offering a shorter lease term.

You can also consider if the tenant has a co-signer that is willing to take responsibility in the lease. Some employers that bring workers from overseas to work for their companies will often lease apartments for their workers that do not have social security numbers.

A good rule of thumb for property management companies in Charleston is to ensure they have a policy in writing for how they screen tenants without social security numbers so that they are not discriminating accidentally.

If you would like a professional property manager in Charleston to handle renting your single-family home, call Scott Properties at 843-790-0148.

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The Move Out Process for Landlords

Property management companies in Charleston

Some landlords think that the move out process is as easy as getting the keys back and giving the walls a fresh coat of paint between tenants, but property management companies in Charleston know better. The move out process is one of the most vital parts of leasing a home and one of the most tedious. Without following the proper move out plan, landlords can end up losing money, having property damage to deal with or home that is dirty and disgusting. Some landlords even end up with home still full of tenant belongings because the tenant skips out the last month.

Fortunately, property management companies in Charleston are professionals when it comes to the processes of renting and can provide you with an overview of the move out process.

  1. Intent to Vacate- The first part of the moveout process that all property management companies in Charleston should be sure to include in the lease is a mandatory intent to vacate. Tenants should submit a letter of intent to vacate within 60 days of the end of their lease, or other terms set forth by the property owner or company. An intent to vacate gives landlords notice that they will need to schedule move out procedures and market the property for rent.
  2. Pre-Move Out Inspection- Scheduling a pre-move out inspection 30 days before the move out date helps the tenant know what is expected of them to end the lease on good terms. Property management companies in Charleston should be sure to include move out procedures in the lease and then go over these rules with the tenant. A pre-move out inspection also gives landlords a peek into the possible condition of the home. You will be able to start scheduling appointments for carpet cleaning, repainting, or other maintenance issues.
  3. Move-Out Inspection- Turning in the keys to a home should always be done in person whenever possible. Meet the tenant at the home and do a walk-through using a move-out checklist. You will be able to tell the tenant what to expect about getting their deposit back and what they will be charged for. Tenants can sign the move out inspection form when they turn in their keys acknowledging and final charges or monies owed.

After the final move-out inspection and the keys to the home are turned in, the home is back in possession of the landlord. Property management companies in Charleston need to ensure a prompt turnaround time because homes for rent are in hot demand!

If you would like a professional team to manage your move-out process and the other burdens of property management, call Scott Properties at 843-790-4929.

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Rentals: Best Odor Elimination Methods

Property Management Companies in Charleston

One thing that property management companies in Charleston often run in to when getting a home ready for a new tenant is the need for odor removal. When people have lived in a home for a long time, the smells of spices they cook with, cigarettes, products and fragrances used in the home, pets, and sometimes dirt and mold, can permeate the walls and carpet. When you are showing a rental home to new tenants, you want the house to be fresh and smell as good and new as possible, otherwise renters will be turned off.

Luckily, property management companies in Charleston have been dealing with odor removal problems for a long time and we have some tips and tricks for you!

  1. Air it Out- When renovating a home after a moveout, keep the windows open and fans circulating as much as possible. One of the main reasons a home might smell musty is because of dirt and stale air. Circulation will draw the smelly air out and fresh air in.
  2. Deodorizing- Sometimes smells linger in the carpet fibers, especially if there’s been pets in the home or cigarette smokers. Sprinkling baking soda on the carpets and then vacuuming, cleaning hard surfaces like counters and walls with a vinegar solution are inexpensive ways of getting smells out of a home, although they do take some elbow grease.
  3. Carpet Cleaning- If you want to remove stains and smells from the carpets you will need to do a professional carpet cleaning. Most property management companies in Charleston use professional cleaning services to shampoo carpets between tenants as part of their routine. In worst case scenarios, some carpets need to be replaced to remove the smell. Carpet replacement is often what must happen if there has been flooding or mold issues in the home.
  4. Drape/Curtain Cleaning- Like carpets, the fibers in drapers and curtains can hold onto smells. Many property management companies in Charleston choose not to provide drapes for home and stick with blinds. If there are drapes in the rental home however, they can be taken down and professionally dry cleaned to remove odors.
  5. Duct Cleaning- Smells often get circulated through HVAC systems and remain trapped in the ducts and filters. Make sure to change the air filters between tenants and schedule professional duct cleaning at least once per year or as needed to remove odors.

One of the best ways to successfully rent a home is to ensure that home is always looking and smelling its best which is why you must be diligent in odor removal between tenants.

If you need a professional property manager to help you market and rent your single-family home, contact Scott Properties at 843-790-0148.

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Charleston Property Company | How to Create A Successful Online Rental Ad

Charleston Property Company

Few people use the newspaper to find rental properties, which have made the classified ads obsolete for any Charleston property company. Instead, nearly every person looking for a rental in Charleston is going to look online to find the perfect home.  In a market as competitive as Charleston, property managers must make advertising and marketing online a priority.

5 Steps for Listing A Rental Property Online

There are five basic steps to creating a successful online rental ad that will get your property rented quickly to the perfect tenants.

  1. Choose Your Platform- There are several online platforms where rental homes are advertised. The best Charleston property management company will post across several, including Zillow, rent.com, Trulia, Relator.com, DoorSteps, Craigslist, and others.
  2. Click Worthy Title- The title of your advertisement is what makes them click. Be sure to include the number of bedrooms and bathrooms, as well as the neighborhood in your title.
  3. Detailed Description- There is nothing worse than tenants viewing a property only to find out it lacks what they need. Make sure your descriptions are detailed with pet policy, deposit, rent, and fees. It would help if you also mentioned neighborhood highlights and amenities, school district, and date available.
  4. List Tenant Requirements- Taking time to show prospective tenants around to discover they aren’t going to qualify is a waste of time. Make sure tenants know the application requirements before the showing by listing in the ad.
  5. Photos: The best Charleston property company understands that pictures are worth 1000 words. Make sure you include clear photos taken while the home was clean and well-lit. If you can, stage the rental home with furniture and artwork for your marketing photos, this will help tenants envision themselves there.

Following these steps will help ensure potential renters see your advertisements. If you need a Charleston property company to help you manage your single-family rental home marketing, call Scott Properties of Charleston at 843-790-4929.

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Property Management Company in Charleston | How to Make Sure Tenants Pay Rent on Time

Property Management Company in Charleston

Even the best property management company in Charleston can struggle to make sure tenants pay their rent on time each month. Getting rent payments on time is one of the most important tasks a property manager must perform for owners. When a property manager is consistently depositing rents late, the owner can have a large financial burden and the property manager may end up losing their job as a result.

There are a few ways that every property management company in Charleston can help to ensure rent is paid on time each month.

  1. Rent Is Clear- Your lease needs to clearly say the rental amount and when it is due, as well as any grace periods offered.
  2. Screen Tenants- Your tenants should have an income of three times the rent amount to be able to afford living there. When you are screening tenants request at least three back paystubs and make sure to verify by calling the employer. You should also consider the amount of time they have been employed by their current job.
  3. Online Rent Portal- When a property management company in Charleston can offer tenants online rent payments, they are more likely to be paid on time because of the ease and convenience. Online tenant portals can also be set up to deliver maintenance requests, communicate with the property manager, and receive notifications about events, neighborhood alerts and more.
  4. Reminders- When a tenant is a day late, make sure to send them a friendly reminder. If the office is going to be closed the day rent is due, or for a long holiday weekend, make sure a drop box is available for rent payments. Reminders can be sent via text, email, or through the online rent portal. However, a paper copy that is signed and dated by the property management company in Charleston also needs to be delivered.

If you are tired of dealing with late rent and tenants that do not pay consistently, call Scott Properties in Charleston and see how we can help manage your rental properties at 843-790-4929.

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Charleston Property Company | Top Features of a Successful Rental Property

charleston property company

When you are investing in rental properties or starting a Charleston property company, you’re most concerned with how to have the most successful rental property possible. How can you make sure your property is always rented out and taken great care of so that you make the most profits? These are the number one thing you are thinking about when making a purchasing decision on a home.

Once you start shopping, make sure that the rental properties you are interested in have these top features and you’ll be set up for success.

  1. Great Neighborhood- The most successful rental properties are found in the best Charleston neighborhoods where the standard of living is high, but the cost of living is lower. If you plan to rent to students, make sure you are near campuses. If you plan to market to families, make sure you are in the best school district. If you want to rent to young professionals, make sure you are near the business district or downtown.
  2. Crime- Invest in homes where the crime rate is low. You’ll get the best rental value and have an easier time selling for a great price if you ever offload your portfolio.
  3. Amenities in the Neighborhood- Charleston neighborhoods are exceptionally large, so when starting your Charleston property company, you should look for homes where there are great amenities within walking distance such as parks, gas stations, grocery stores, entertainment and more if you are trying to attract families. Depending on your target demographics, the amenities might change, but these amenities will attract the right tenants.
  4. Average Rent- A Charleston property company will do a lot of market research into the average rental rates of a neighborhood to ensure they will make the best return on investment when comparing the monthly mortgage to the rent.

One trick to knowing if a neighborhood is worth investing in for rental property is to check out home many vacancies are currently in the area. Homes that sit empty for extended periods of time are indicators of an undesirable area.

If you’re ready to hand the reins of your Charleston property company to an experience property manager that can take your investment to the next level, call Scott Properties at 843-790-4929.