Whether you’re adding to an existing portfolio or are just starting out in brick-and-mortar investment, we cannot emphasise enough the importance of good property management.
Not only can a skilled manager handle headaches such as finding the right tenants, and maintenance issues can be solved straight away, they will ensure that you get the most from your investment. With years of experience and up-to-date knowledge, at Torres Turn Key, we offer a commitment to your asset that’s essential for success.
Here are a few ways that our property management team can help you with your assets.
General good maintenance of a rental is a must if you want to keep growing the value of your asset. In addition, it ensures that you and your tenant keep up an amicable relationship, with the confidence that everything is kept in good condition. However, keeping on top of the working order of electrics, heating systems, plumbing and fixtures in general can be time-consuming. That’s where we step in. Anything that requires ongoing maintenance will be handled efficiently and professionally.
2. Repairs and Upgrades
As we briefly mentioned above, to ensure that your investment maintains and, more importantly, grows in value, staying on top of any and all repairs and updates is essential. This can cover a range of anything from foundation and roof damage to pest infestations. Structural issues such as these can become expensive and time-intensive if left unattended for too long. This is where having an experienced property management team on hand can be a saviour. With regular check-ins, we will be able to catch any problems early and ensure that they are sorted out as soon as possible.
3. Tenant Screening
Finding the right tenant is an aspect that’s often overlooked, but it’s one of the most important things to think about as a landlord. This person or people will be looking after your investment, so finding someone conscientious, respectful and who can pay rent on time is vital. Torres Turn Key takes extra care when it comes to tenant screening. Not only do we do a thorough credit check, but we also carry out a full background check, including eviction history, previous address history and criminal record. This may seem extreme but it’s all information that needs to be looked at to ensure that your tenant is trustworthy, and it will give you peace of mind in the long run.
Even after finding the perfect tenant on paper, property management professionals should always carry out regular checks to ensure that tenants are looking after the home properly. Not only is this important for success as a landlord, but it also means that you’ll have regular updates on how your asset is holding up, and if repairs or maintenance is required. Checks can be fairly random, but at Torres Turn Key we are committed to adhering to the New York State requirements around inspections.
5. Safety Measures
Keeping safety measures up to date helps to keep your tenants as well as your property safe, and this element should never be neglected. Our property management services choose state-of-the-art technology to ensure that your asset is as secure as possible. This includes secure external doors made out of solid, heavy materials, with brand-new locks on all doors and windows. Lighting is also important, as it can be used as an effective deterrent to intruders at all accessible points. Finally, a security camera (or a few!) is never a bad idea; again, these work as deterrents as well as provide useful evidence in case of any break-ins.
6. Emergency Response
Having a clear and organised emergency response plan is non-negotiable for property management teams, and at Torres Turn Key we make sure that every scenario is covered. From accidental fires to natural disasters, our team will consider even the worst-case events so that we have the best response plan prepared. This includes evacuation routes, utility shut-off, handling pets, safety resources, a communications plan, and more. All of these safeguarding acts will ensure that any situation is dealt with quickly and with as little cost as possible incurred.
Speaking of disasters: have you thought about insurance? Even if you haven’t, that’s where the Torres Turn Key team can step in. It is vital that landlords have insurance when renting out a home, as this will cover things such as burglary, fluke accidents, vandalism, and electricity problems. Basically, there’s a cover for anything that could happen to damage your asset. We will make sure that you find insurance tailor-made to your needs, so that every penny counts.
These are just the basics that we cover as a skilled property management team, but you can rest assured that when it comes to the welfare of your investment, everyone at Torres Turn Key is committed and determined to offer you the best service available.