Property Management Solutions
Property Managers are trained professionals or companies that will oversee the management responsibilities of a business or home. They work on the behalf of owners who have an important investment in those businesses or homes. The investment in these cases involves income, either in place or the potential to be sold and bring in profit.
Locating a reliable company or professional agent to manage a rental property is the ideal solution for investors and homeowners to achieve the maximum return on investment in their property. It is not always easy to find a property manager who is certified, however. A CPM or Certified Property Manager designation identifies a company or individual as a professional in the field who are committed to providing excellence in service and is focused on business ethics for all those concerned with the property, the buyers and sellers, tenants, investors and company employees.
Every state has their own rules concerning the management of properties. All CPMs are not equal however and programs that train these individuals provide the skills and knowledge that are needed for a certified property manager to be considered an expert in this area in their communities. The goal of any investor is to generate a steady revenue from their rental properties and they want someone who is certified as a professional in the field to manage those properties.
…A Certified Property Manager helps property owners to identify changes in the marketplace through realizing current financial terms, fluctuations in the market, and the status of any competition that may be in the area.
Neglect puts real estate in a position to suffer damage and loss. That’s why it is so important that owners of businesses and homes hire professionals to manage them. Ferndale property management is what Reserve Management does best.
A Certified Property Manager helps property owners to identify changes in the marketplace through realizing current financial terms, fluctuations in the market, and the status of any competition that may be in the area. They ensure that rent values remain competitive while giving investors the needed information about any relevant new listings available to them so they can expand their portfolios. They also ensure that property owners remain aware of asset performance using their resources. They may use technology or market comps to help investors evaluate rental prices and also guide them in making decisions that will increase their revenue potential.
CPMs are well educated in using the best techniques and training materials to teach owners and investors how to market their rental properties for maximum profit potential and expense control. Having these skills allows them to know just when they should market certain properties and how to stay compliant with state, federal and local laws.
Having negotiation skills are vital to our property management company in Ferndale, MI. We have a professional team that will negotiate contracts in order to lower investors operating expenses. It is also important that owners take advantage of the power of scale to secure lower costs for their investments, from office supplies to landscaping, utility contracts to maintenance. A CPM that is trained in these areas will often find ways to budget efficiently and wisely for the property owner. Having access to top of the line resources and support, Reserve Property Management has the knowledge and skills to make a property owner’s investment a successful venture. You may contact us today for a free, no obligation consultation.
Ferndale Properties Types
There is a broad range of property types found in Ferndale. At Reserve Management Company, we specialize in both single-family and multi-family residential real estate. Our resume’ includes management for the following types of Ferndale properties:
Residential Real Estate
- Single-Family Homes
- Multi-Family Homes
Ferndale Compliance, Maintenance, and Financial Services
We offer our services for businesses and homes and strike an agreement with the owner. We make sure the property is properly maintained, stays in compliance with laws and regulations, and see that income and expenses are properly handled. In our management efforts we may include the following services:
Compliance: At Reserve Management Company we ensure that your property stays in compliance with all zoning regulations along with all Ferndale landlord license requirements. Compliance in Ferndale may include:
- Conducting inspections,
- Obtaining rental licenses, and
- Meeting all building code regulations.
Maintenance: At Reserve Management Company our maintenance and management efforts are focused on the physical structure of the property, land surrounding it, and all the supplies involved in the performance and proper running of that business or home. We ensure it does not suffer any financial setbacks or deterioration.
Our Maintenance services cover:
- Securing the premises
- Lawn care
- Snow removal
- Appliance installation & upgrades
- Indoor/outdoor lighting
- Emergency repairs & replacements
- Window cleaning
- plumbing needs
- electrical needs
- roofing, siding, gutters
- flooring replacement
- Carpet cleaning, and
- Chimney & duct cleaning
Financial: At Reserve Management Company in Ferndale we take responsibility for ensuring that the property is properly financed. To ensure this, our management efforts include:
- Filing evictions
- Collecting rents, and
- Manage escrow accounts
We also show properties for sale to potential tenants around the Ferndale area. We define a tenant as any business or individual who may lawfully occupy that business or home in Ferndale. We represent the owner. We create an agreement (lease) with that individual and that individual becomes a tenant. The terms and conditions are outlined within the lease.
At Reserve Property Management, we comply with all aspect and details of the Michigan State/Landlord/Tenant Act as well as the Fair Housing Laws.
The financial aspect of our services is the reason businesses and homes hire us. We save you time and money and give you confidence that your business or home is operating properly. That frees you up to focus on other important parts of the business or home with peace of mind.
Contact us today if you’re in Ferndale, Michigan and need property management! Whether you have worked with property managers before or this is your first time CALL US and speak with one of our professionals. We’ll walk you through our process and answer any and all questions. You can reach us here – (248) 712-2006.
We want to change the game. We want to exemplify what it means to be a true property management company in the Metro Detroit Area. How can we help you today? Call us for a free consultation and feel the Reserve Management Company difference.
HERE FOR YOU
Call Reserve Management Company today at 248-918-9885