{"id":370,"date":"2018-07-01T12:08:49","date_gmt":"2018-07-01T12:08:49","guid":{"rendered":"https:\/\/www.cincyrents.com\/blog\/?p=370"},"modified":"2018-07-03T11:21:55","modified_gmt":"2018-07-03T11:21:55","slug":"8-property-management-best-practices","status":"publish","type":"post","link":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/","title":{"rendered":"8 Property Management Best Practices"},"content":{"rendered":"

Own a property for investment purposes?\u00a0 <\/span>Maximize your return on investment with these property management best practices.\u00a0<\/span><\/p>\n

Acquire Good Tenants<\/b><\/span><\/p>\n

Create a process to screen prospective renters for your property.\u00a0 <\/span>Responsible renters will pay in a timely manner, communicate issues with your property management team, and respect the property while occupying it.\u00a0 <\/span>Professional credit and background checks can reveal a lot about a renter\u2019s history.\u00a0 <\/span>Completing extra tasks at the beginning of the renting process will save property owners effort, money, and time in the long run.<\/span><\/p>\n

Property Marketing & Advertising<\/b><\/span><\/p>\n

Marketing and advertising your property in the right market will bring you a better selection of potential tenants to choose from.\u00a0 <\/span>Don\u2019t just rely on word of mouth.\u00a0 <\/span>Property management leasing staffs can assist owners with accepting listing calls and emails, scheduling showings, completing background checks, coordinating lease signings, and scheduling the move-in.\u00a0<\/span><\/p>\n

Whether the rental market is in a slow season or a hot season, marketing can be a major benefit to vacant property listings.\u00a0<\/span><\/p>\n

Regular Maintenance Schedule<\/b><\/span><\/p>\n

Maintain the probability of your property by initiating a regular maintenance schedule.\u00a0 <\/span>Property management services will include a 24-7 maintenance staff to handle any emergency situations.\u00a0 <\/span>They will also keep detailed reports of completed work on file in case they need to be referenced to in the future.<\/span><\/p>\n

Experienced Staff<\/b><\/span><\/p>\n

In addition to maintenance and marketing, employ a staff experienced in the market.\u00a0 <\/span>Experienced property management teams will be knowledgable of rental law, communication with tenants, evictions, etc.\u00a0 <\/span>A more experienced staff will more often will give property owners the ability to charge higher renting fees and receive less complaints from tenants.<\/span><\/p>\n

Plan Long Term<\/b><\/span><\/p>\n

Stay on top of your properties and renters.\u00a0 <\/span>If you aware of changes coming in the real estate market don\u2019t wait and watch them to come into affect.\u00a0 <\/span>Be proactive and prepare your renters ahead of time.\u00a0 <\/span>This could be changes in your property management structure or new recycling laws, etc.\u00a0 <\/span>Stay connected to your renters with the goal of retaining them for the long term.<\/span><\/p>\n

Communication<\/b><\/span><\/p>\n

One of the most important property management best practices for all parties involved (owners, managers, and tenants) is communication.\u00a0 <\/span>Be easily accessible to your tenants by telephone, email, or in person to form a long-lasting relationship in case of emergencies or simple intrigue.\u00a0 <\/span>Relate any concerns or issues to your property management staff and vice-versa. <\/span><\/p>\n

Financial Management<\/b><\/span><\/p>\n

Stay on top of your properties with rent collection, taxes, vendor payouts, mortgage payments, and other monthly expenses.\u00a0 <\/span>If you own multiple properties these items can add up.\u00a0 <\/span>Explore options with property management companies that have the tools and experience to assist you as an owner to stay on top of your financial management.\u00a0<\/span><\/p>\n

Operational Reporting<\/b><\/span><\/p>\n

Keep reporting records for each property.\u00a0 <\/span>This includes occupancies and vacancies or maintenance service logs for each property.<\/span><\/p>\n

Property Management in Cincinnati<\/b><\/span><\/p>\n

Cincy Rents is a full service property management company<\/span><\/a> in Cincinnati, Ohio.\u00a0 <\/span>Cincy Rents follows the best property management practices for both our property owners and tenants.\u00a0 <\/span>Our team of experienced professionals values our owner\u2019s investment with each property managed.\u00a0 <\/span>If you need assistance with the management of your rental properties in the Cincinnati area, contact<\/span><\/a> us for more information.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Own a property for investment purposes?\u00a0 Maximize your return on investment with these property management best practices.\u00a0 Acquire Good Tenants Create a process to screen prospective renters for your property.\u00a0 Responsible renters will pay in a timely manner, communicate issues with your property management team, and respect the property while occupying it.\u00a0 Professional credit and […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[60,61,1],"tags":[],"class_list":{"0":"post-370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-landlords","7":"category-property-management","8":"category-uncategorized","9":"entry"},"yoast_head":"\n8 Property Management Best Practices - Cincy Rents<\/title>\n<meta name=\"description\" content=\"Maximize your return on investment with property management best practices. Contact Cincy Rents, a property management company, in Cincinnati.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8 Property Management Best Practices - Cincy Rents\" \/>\n<meta property=\"og:description\" content=\"Maximize your return on investment with property management best practices. Contact Cincy Rents, a property management company, in Cincinnati.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/\" \/>\n<meta property=\"og:site_name\" content=\"Cincy Rents Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-01T12:08:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-07-03T11:21:55+00:00\" \/>\n<meta name=\"author\" content=\"CincyRents\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CincyRents\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"8 Property Management Best Practices - Cincy Rents","description":"Maximize your return on investment with property management best practices. Contact Cincy Rents, a property management company, in Cincinnati.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/","og_locale":"en_US","og_type":"article","og_title":"8 Property Management Best Practices - Cincy Rents","og_description":"Maximize your return on investment with property management best practices. Contact Cincy Rents, a property management company, in Cincinnati.","og_url":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/","og_site_name":"Cincy Rents Blog","article_published_time":"2018-07-01T12:08:49+00:00","article_modified_time":"2018-07-03T11:21:55+00:00","author":"CincyRents","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CincyRents","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/#article","isPartOf":{"@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/"},"author":{"name":"CincyRents","@id":"https:\/\/www.cincyrents.com\/blog\/#\/schema\/person\/20df2ad5cc300ed5d69228fd17bcf7f4"},"headline":"8 Property Management Best Practices","datePublished":"2018-07-01T12:08:49+00:00","dateModified":"2018-07-03T11:21:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/"},"wordCount":545,"commentCount":0,"articleSection":["Landlords","Property Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/","url":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/","name":"8 Property Management Best Practices - Cincy Rents","isPartOf":{"@id":"https:\/\/www.cincyrents.com\/blog\/#website"},"datePublished":"2018-07-01T12:08:49+00:00","dateModified":"2018-07-03T11:21:55+00:00","author":{"@id":"https:\/\/www.cincyrents.com\/blog\/#\/schema\/person\/20df2ad5cc300ed5d69228fd17bcf7f4"},"description":"Maximize your return on investment with property management best practices. Contact Cincy Rents, a property management company, in Cincinnati.","breadcrumb":{"@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.cincyrents.com\/blog\/2018\/07\/01\/8-property-management-best-practices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cincyrents.com\/blog\/"},{"@type":"ListItem","position":2,"name":"8 Property Management Best Practices"}]},{"@type":"WebSite","@id":"https:\/\/www.cincyrents.com\/blog\/#website","url":"https:\/\/www.cincyrents.com\/blog\/","name":"Cincy Rents Blog","description":"Cincinnati Property Management & Rentals","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cincyrents.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.cincyrents.com\/blog\/#\/schema\/person\/20df2ad5cc300ed5d69228fd17bcf7f4","name":"CincyRents","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6fe00cbca3c244d54ae286f4b1e0f6e239d4033dcaff158c04206023e07a52e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6fe00cbca3c244d54ae286f4b1e0f6e239d4033dcaff158c04206023e07a52e2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6fe00cbca3c244d54ae286f4b1e0f6e239d4033dcaff158c04206023e07a52e2?s=96&d=mm&r=g","caption":"CincyRents"},"url":"https:\/\/www.cincyrents.com\/blog\/author\/cincyrents\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/posts\/370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/comments?post=370"}],"version-history":[{"count":3,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/posts\/370\/revisions"}],"predecessor-version":[{"id":373,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/posts\/370\/revisions\/373"}],"wp:attachment":[{"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/media?parent=370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/categories?post=370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cincyrents.com\/blog\/wp-json\/wp\/v2\/tags?post=370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}