Should I hire a Property Management Company?
YES! - A Great Property Manager Can Make You Money!
33rd Company® Property Management is your premier Twin Cities based professional real estate management company. We can take the bite out of being a landlord, and can even make give you a BETTER cash flow, including our fees, than you would get managing the home yourself.
It all adds up:
- Better Tenant Screening means LESS delinquency.
- Better Service means LESS Tenant Turnover, top notch marketing, shorter vacancies between tenants, etc.
- Better Management means volume vendor discounts on maintenance, and better care of the property.
- A Good management company can do all of your Landlord work, AND make you more money even after our fees.
Why hire a Great Management Company
You don't have to advertise, take rental calls, or show the property.
We know where to advertise most effectively to find the best tenants, quickly. In fact our advertising posts your property on hundreds of websites giving you all the exposure you need to get your home rented quickly. We will produce better prospects sooner, and will minimize vacancies, which is likely your biggest expense. We know the rent values, vacancy factors, and time on the market in your area. We also have a deep referral network including relocation companies as well as the relocation offices of major local corporations.
You don't have to screen applications and be apprehensive about who to pick.
We are experienced in finding and screening qualified tenants that will reduce vacancies fast, reduce rental and payment risks, and stabilize your cash flow. We provide detailed consistent tenant screening including Criminal background, Credit reporting, employer verification, and prior landlord checks. We know where to set the limits for screening guidelines because we have screened and managed 1000's of tenants, with over 100 Million in managed residential real estate.
You don't have to execute a rental agreement, worry about adding addendums, create a tenant's accounting report, Minnesota CRP annual tax form, process Vendor 1099's, or handle deposit and refund money.
Our rental agreement complies with the Minnesota Plain Language Act, and offers you comprehensive legal agreements that are recognized by the court.
We handle all of the accounting, Damage Deposit handling, and State reporting for you. We perform thorough move-in/move-out written inspections and routine property inspections.
Many independent Landlords are unfamiliar with the new Small Business Jobs Act enacted by Congress that requires ALL recipients of rental income from real estate to issue Forms 1099 to service providers for payments of $600 or more during the year. The act subjects ALL recipients of rental income from real estate to the same information-reporting requirements as taxpayers engaged in a trade or business. Just one example of the burden of reporting that Landlords must comply with.
You don't have tenants calling at all hours of the day and night.
We handle all tenant calls 24/7, and can screen for non-emergency issues as scheduled repair activities, saving you money. Our extended network of experienced & reliable contractors provides relationship discounts due to the volume of properties we manage.
You don't have to hire contractors to clean, paint, or make repairs.
We are experienced in all kinds of residential repairs and have a full list of qualified, and low cost vendors that will do the job right the first time. Better repair services, at volume discounts.
You don't have to confront tenants on tough issues like collecting rent or taking better care of the property, pursuing NSF checks, serving legal notices or starting an eviction.
We are experienced in dealing with problem tenants, should it occur. We have processed unlawful detainers, filed conciliatory court actions, served legal notices, and initiated collection and recovery activities. Our tenant management services automatically tailor and escalate activities so you won't have to.
You don't have to worry about the property or be shocked by its condition when you hire a Professional Property Manager. Professional Landlords & Property Managers are dedicated to selecting quality tenants and keeping your investment in good repair with minimal cost. They want your real estate investment to be a success not a failure.
One more benefit - your leasing and management fees are usually tax deductible.
Do LESS work and make MORE money, call 33rd Company® Property Management today! See our Services and Fees.