Did you know that MIT economist, Jon Gruber, believes that the city of Rochester, NY has all the qualifications to become a driver of major national economic growth? That’s right, our very own Flower City could become the country’s next great technology hub if Gruber’s theory turns out to be true.
That means that the time to invest in rental properties in Rochester is now before the secret is out and everyone starts doing the same.
However, managing a property is hard work. Keep reading to learn why you should use Zona Properties to manage your rental property in Rochester.
Why Work with a Property Management Company?
Currently, renters account for about 34% of the US population. With more than 100 million American renters, there’s never been a better time to invest in property. But, are you equipped to handle it?
By working with a property management company, you’ll pass off many of the hands-on tasks of property management to a team of experts. This gives you more flexibility if you want to live in a different city than your rental property.
It also makes it easier for you to handle multiple rental properties since you’re outsourcing the day-to-day management tasks.
If your goal is to use rental properties to earn extra, reliable income, then working with a property management company is one of the investments you should plan to make in this new business venture.
Why Choose Zona Properties?
Now that you have a better understanding of why you should consider hiring a property management company, let’s focus on how Zona Properties, specifically, can help you be more successful.
Here are some of the ways our company can help you operate your residential rental properties more efficiently.
One of the most important parts of owning a rental property is determining how much you should charge renters. It’s a delicate balance of finding a price that tenants are willing to pay, while also ensuring that you can make a profit.
Our team is well-versed in average rental prices in Rochester, NY. Performing market research is part of what we do.
As a result, we can give you guidance on how much you should expect to charge to maintain a low vacancy rate and increase profits.
If one of the reasons you’ve been hesitant to operate a rental property is that you’re worried about the difficulty of collecting payments, have no fear.
Our team will manage collecting monthly payments from tenants, as well as manage security deposits and late fees.
We have systems in place to help ensure payments are collected on time so you don’t have to worry about maintaining cash flow.
Finding and Vetting Tenants
Once you purchase a property to rent out, how will you find tenants? With Zona Properties, that’s once less thing for you to worry about.
We can help market your property to find tenants so your properties are filled quickly. We screen all prospective renters for prior evictions, credit, employment verification, past rental history, and criminal arrests, to give you peace of mind.
Then, when it’s time for tenants to move out, we reconcile all tenant security deposits with an itemized inspection list to ensure nothing is overlooked. Additionally, we operate on the philosophy that all tenants should be treated with the utmost respect and we address any concerns they have as quickly as possible.
Responding to Tenants
If you manage your rental property yourself, you’ll need to be prepared for those middle-of-the-night calls when a tenant needs emergency repairs.
When you partner with Zona Properties, however, our team will take care of it, so you can continue to sleep peacefully.
We field all tenant calls and have a 24-hour maintenance hotline that tenants can call when they have an emergency. We’ll also take care of arranging any repair services your tenants may need.
As an experienced property management company, we already have established relationships with vendors like building inspectors and insurance adjustors.
We maintain these relationships so you don’t have to do it yourself. We’ll also meet with any vendors at the property so you don’t have to take time out of your busy schedule.
It should come as no surprise that managing a property comes along with plenty of paperwork. When you hire the Zona Properties team, that’s another thing you won’t have to think about anymore.
We handle all the paperwork that’s needed for Social Services, Section 8, and other agencies, as well as all eviction paperwork that must be filed.
Reporting on Financials
At the end of the day, we understand that owning a property is your business, and dollars and cents are key to your success
We’ll send you monthly reports that detail all of the income and expenses incurred on the property, so there are never any surprises for you. At the end of the year, we’ll send you a comprehensive spreadsheet you can use for tax purposes.
Saving You Time and Money
The most important service we provide is giving you back more time in your day so you can focus on finding more rental properties or spend time doing other things you love.
As a result, this saves you money, because our management and rental fees are often less than what you would pay if you hired a single property manager for your property or you tried to do it all yourself.
Trust Zona Properties with Your Rochester, NY Property
As a local Rochester, NY company, we are here for all of your property management needs in this city we call home. We’d love to help you be more profitable and more successful in this exciting business venture.
Want to learn even more about why we’re the best at what we do? Read through our client testimonials to learn more about what you can expect when working with us.