Professional Property Management Services
Managed by Real Property Management Essentials
INFORMED COMMUNICATION
Rock Solid Property Management keeps you up to date and informed about your property. Owners have a secure online account that allows you to monitor all property activity, including vacancies, leasing, maintenance, inspections, and all reports. No matter where you are, be it a few blocks or a few states away, you can monitor the activity of your property any time from the convenience of your own computer or device.
Comprehensive Marketing & Advertising
Investment properties only generate income when there is a tenant. Every day your property is vacant, that is money lost for you. RSPM advertises our vacancies on various platforms to get them filled faster, and these shorter vacancy times easily offset any professional management costs. Your property is advertised on high traffic rental and classified websites. A professional yard sign catches prospective tenants as they drive through the area. Our leasing agents respond promptly to inquiries and answer questions about the details of your property. Our agents also show your investment property to potential tenants, handling all the paperwork and leaving you free from the hassle of phone calls, appointments, and emails about the property.
The RSPM team will advise you about how to set a competitive monthly rental rate based on your property condition, upgrades, school districts, location, walkability, access to public transportation, and area rental market rates. RSPM can also make recommendations to get your home ready to rent to a high-quality tenant by using their experience in building and remodeling to make the most cost-effective upgrades and repairs, so your property is rent-ready.
Tenant Screening & Selection
Tenant selection is one of the most important decisions regarding your rental property. Selecting the wrong tenant can quickly cost what little you save by managing your own investment property. At RSPM, every tenant application is screened using both a credit and criminal background check, along with the sex offender registry (where allowed by law), employment verification, and residency & rental history. Our thorough evaluation process complies with all applicable laws, including Fair Housing and Fair Credit Reporting Act. When a qualified tenant is secured, RSPM schedules a lease signing session and a move-in condition evaluation after your approval.
Lease preparation & Signing
RSPM manages the lease signing with the approved tenant, using our RSPM lease, ensuring that all proper contracts are executed correctly. Rents, deposits, and any fees are collected in accordance with local legal and financial regulations and recorded in your online account. RSPM also reviews the rental application and lease process with the tenant at the lease signing.
Finally, a RSPM lease agent and the approved tenant conduct a walk-through of your investment property to document conditions. This important walk-through assists in accurately assessing any changes in conditions when the tenant moves out.
monthly Rent Collection
Late and missing rent negatively impacts your bottom line with an investment property. RSPM collects the rent every month and deposits it into your account. Our collection processes are professional, and we are extremely diligent in collecting rent in a timely manner, saving you from the hassle. We treat each tenant with respect, accountability, and fairness. A positive relationship with your tenant leads to timely rent payments and better care for your property.
Regular property Evaluations
Professional evaluations of your property (both inside and out) ensure your tenants are complying with the terms of their lease and allow RSPM to assess property conditions.
Our schedule typically includes an inspection at move-in, move-out, and periodically during the term of the lease. Documentation and photographs from these evaluations are shared with the you and used to determine what, if any, maintenance or repairs are necessary to maintain your home’s value. Preventative maintenance can help avoid costly repairs and keep small issues from becoming large (and expensive) issues. Evaluation documentation can also assist in resolving tenant issues.
RELIABLE MAINTENANCE & UPKEEP
With more than 30 years in building and remodeling, RSPM has an extensive network of contacts to help maintain your investment property. We have electricians, plumbers, HVAC repair, and maintenance workers all available to work. There is nothing RSPM can’t handle! The return on your investment can be significantly improved with timely, cost-effective repairs and upkeep. When handled by us, you’ll save time and money and ensure repairs are completed by trustworthy professionals at the best price.
COMPLIANT EVICTIONS
Even with careful screening, there is occasionally a tenant who needs to be evicted. Our RSPM staff is extremely knowledgeable in Maryland state and local landlord/tenant laws. If the tenant does not pay rent on time or breaches the terms of the lease, we initiate the proper legal steps necessary to remove the tenant and get your property back on the rental market again.
Ask us about our eviction protection. For property owners who opt for this plan, RSPM will pay for the eviction should it become necessary.
