Real Property Management

Nation’s Leading Property Management Franchise Company Offers Expert Insight on College Rentals.

DALLAS — Real Property Management, a Neighborly^® company, the nation’s leading full-service property management franchise brand, understands the rental process can be daunting for college students. To make the process easier, their experts have compiled a list of essential tips to make the college rental experience more seamless.

Before starting the rental property search, it is crucial to address some of the responsibilities that come with rentals as ignoring basic upkeep tasks could cost renters their security deposits and result in potential damage to the unit. Common rental responsibilities can include replacing light bulbs and detector batteries, changing the AC filter, making sure not to flush anything down the toilet except toilet paper (you will want to own a toilet plunger, too!), using an inexpensive hair catcher over every bathtub drain, avoiding carpet spills that may lead to staining, and taking out the trash.

“Finding your first rental property is an exciting milestone, but it also comes with great responsibility,” said Stacy Brown, Director of Technical Training at Real Property Management. “For first-time renters, enthusiasm can lead to making quick decisions that can result in a potentially bad renting experience.”

Below are key pointers to consider in your search to find the right place for your needs and budget:

• Start Early: Begin your search for a rental property at least six months before the start of the academic year. This will give you ample time to explore different options, compare prices, and negotiate a lease.
• Set a Budget: Determine how much you can afford to spend on rent each month, and factor in additional expenses like utilities, parking fees, and transportation costs.
• Consider Location: Choose a rental property that is located near campus or on a convenient transportation route. This will make it easier to attend classes and social events.
• Check Amenities: Look for rental properties that offer amenities such as laundry facilities, fitness centers, and Wi-Fi. These features can help make your college experience more enjoyable.
• Read the Lease Carefully: Before signing a lease, make sure you read and understand all the terms and conditions. Pay close attention to details such as the move-in date, rent due date, and any penalties for breaking the lease.
• Consider Roommates: Living with roommates can help you save money on rent and other expenses. However, make sure you choose roommates who are responsible, reliable, and compatible with your lifestyle.
• Ask for References: Before signing a lease or renting, ask the landlord or property manager for references from current or previous tenants. This can help you get a better idea of what it’s like to live in a rental property.

Real Property Management provides full-service leasing, move-in, and move-out property inspections, property maintenance, management of tenant requests and emergencies, advertising and marketing, tenant screening, accounting, rent collection, legal evictions, and online reporting portals.

To learn more about Real Property Management and its services, visit www.realpropertymgt.com.

Investors can view potential long-term asset wealth generation with new property management tool.

DALLAS — For intentional property investors, the right property management company can take the guesswork out of generating the best return on investment (ROI). Real Property Management, a Neighborly company, has been offering residential property management services throughout North America for more than 30 years, and recently launched the Wealth Optimizer Tool designed to support property investors looking to optimize their rental property’s ROI.

Smart property investors use a variety of metrics to analyze real estate investments. These metrics allow for comparing and tracking performance, but with the metrics, there is a balance of understanding real-world variables. Real Property Management’s Wealth Optimizer Tool is available to anyone and can help investors determine if a property is a good investment. The free property investment tool provides expert data on a rental property’s performance, future capital expenses, helps them analyze the potential of a future purchase and can help analyze the potential of a future purchase.

“Our franchise owners have been offering this type of hands-on assistance for analyzing the potential of a rental property for single and multi-property owners for the past five years. We wanted to build an online, user-friendly calculator that allowed rental-property investors to make their own custom adjustments on parameters,” said Jeff Pepperney, president of Real Property Management. “With access to advanced reporting in this tool, our streamlined processes and one-on-one intel help investors analyze current and future properties to maximize their rental income while minimizing expenses and inefficiencies.”

The interactive report pulls available data on property valuation based on users’ specified investment parameters. The tool allows users to view revenue, expenses, equity changes, cap rate, cash flow, gross yield, annualized return, and cash-on-cash return, in addition to some advanced reporting features. A key feature of the Wealth Optimizer Tool is the option to compare up to three properties when considering adding properties to their portfolio.

“We’re always looking to improve our value-add to property owners and provide comprehensive property management with superior service. This includes preserving investors’ assets and optimizing their ROI,” said Pepperney. “This tool is one more proof point of our brand promise, offering greater visibility into the performance of rental property portfolios.”

Along with helping intentional property investors realize rental property potential through wealth optimization, Real Property Management provides full-service leasing, move-in, and move-out property inspections, property maintenance, management of tenant requests and emergencies, advertising and marketing, tenant screening, accounting, rent collection, legal evictions, and online reporting portals.

To learn more about Real Property Management’s Wealth Optimizer service or to find a local professional, visit https://www.realpropertymgt.com/.