How We Can Help

A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold. Here are a few ways why Top Flight Properties, Property Management earns their keep:

Higher Quality Tenants

Think of tenant screening as the moat and draw bridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never approving them in the first place.  A thorough screening process results in reliable tenants that:

• Pay on time
• Rent longer
• Put less wear and tear on the unit
• Generally cause less problems

At Top Flight Properties we have seasoned experience in viewing rental applications.  This variable alone provides assistance in looking for real facts about candidates and analyze that information for warning signs.  By allowing Top Flight Properties to handle the screening, you will also be shielding yourself from rental scams directed at owners, and discrimination lawsuits resulting from an inconsistent screening process.  This kind of experience takes time, and insomuch as it means avoiding bad tenants, scams and lawsuits it is arguably one of the most significant benefits a Top Flight Propreties will provide.

Fewer costly and time consuming legal problems

As veteran landlords, we know it only takes one troublesome tenant to cause significant legal and financial headaches. Top Flight Properties is armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential law suit. Each state and municipality have their own laws, these plus federal law cover a number of areas including but not limited to:

• Tenant screening
• Safety and property conditions of the property
• Evictions
• Inspections
• Lease addendums
• Terminating leases
• Handling security deposits
• Rent collection

Avoiding a single law suit can more than pay for the property management fees, and spare you time and anguish.

Shorter vacancy cycles

We will help you perform three critical tasks that affect how long it takes to fill your vacancies:

• Improve and prepare the property for rent - We will suggest and oversee cosmetic improvements that maximize revenue.

• Determine the best rent rate - Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Determining the optimal price requires knowledge of the local market, data on recently sold comparables, and access to rental rate tools.

• Effectively market your property - Our company has handled hundreds of transactions and understands what to say and where advertise in order to get a larger pool of candidates in a shorter period of time. Additionally because of our history and volume we can usually negotiate cheaper advertising rates both online and offline.  We are also familiar with sales and know how to close when fielding calls from prospects and take them on showings.

Better tenant retention

While its easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. The turnover process involves a thorough cleaning, changing the locks, painting the walls and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing , screening and settling in a new tenant.  This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for.

Top Flight Properties has a time-tested tenant retention policy that ensures happy tenants with lengthy stays in your properties. These kinds of programs require a consistent, systematic approach, which is where a good property management company will shine.

Tighter rent collection process

The way you handle rent collection and late payments can be the difference between success and failure as a landlord. Collecting rent on time every month is the only way to maintain consistent cash-flow, and your tenants need to understand this is not negotiable. By hiring a property manager, you put a buffer between yourself and the tenant, and allow them to be the bad guy who has to listen to excuses, chase down rent, and when necessary, evict the person living in your property.

If you let them, some tenants will walk all over you.  They have to be groomed to follow every part of the lease or are subject to consequences.  As your property manager we have an advantage because tenants realize that they, unlike the owner, are only doing their job and are obligated to enforce the lease terms.  Experience and common sense will tell you that it is considerably easier to manage other people's units rather than their own for this reason.

In the unlikely event of an eviction, there are strict laws concerning the eviction process, and doing it wrong, or trying to evict a "professional tenant" can be a MAJOR fiasco.  A t Top Flight Properties we have a working knowledge of the law and a good process for obtaining the best possible outcome given the circumstances. Never having to handle another eviction can be a compelling reason to consider hiring Top Flight Properties.

Assistance with taxes

Top Flight Properties although not a CPA, can help you understand and offer suggestions on deductions you can claim, as well as organize the necessary forms and documentation to make those claims. Additionally, your Top Flight Properties management fee itself is also tax deductible.

Lower maintenance and repair costs

Good maintenance and repairs keep tenants happy and preserve the value of your investment which make them a very important part of our services.  By hiring Top Flight Properties you will also gain access to our maintenance relationships, as well as their network of licensed, bonded and insured contractors who have already been vetted for good pricing and quality work. This can translate into significant savings compared to going through the yellow pages and hiring a handyman yourself.  Not only can Top Flight Properties get volume discounts on the work, we also know the contractors and understand maintenance issues such that they are capable of intelligently supervising the work.

Increase the value of the investment

Preventative maintenance is achieved through putting systems in place that catch and deal with maintenance and repair issues early on, before they grow into larger more costly problems. This requires a written maintenance check program, detailed maintenance documentation and regular maintenance visits. We can also offer you suggestions and feedback on upgrades and modifications, both how they will affect the rent you can charge, as well as their impact on maintenance and insurance.

Personal benefits for owners

• Less stress - Avoid having to deal with middle of the night emergencies, chasing down rent, evicting people from your property, tenants who wreck your property, rental scams, lousy vendors, piles of paperwork.

• More freedom - Live and invest wherever you want with the constraint of needing to be near your properties. Additionally you can live and travel without the requirement of always being available in the event that your tenants have a need you have to tend to. Once you have contracted Top Flight Properties as your property management team, it doesn’t matter if you live in the same state.  Some landlords live in other countries and simply collect their check every month without ever seeing the property.

• Free up more of your time - Time is money, and for many investors, their time can be more profitably spent in areas other than servicing their properties.  When you focus on asset management you’re working ON your business, when you manage your own properties you work IN it.  Additionally you have more time to spend with family or friends doing things you enjoy.