At Elite Pacific Properties, we deliver our high quality
leasing and
Oahu property management
services with open and transparent communication as well as
accountability and trust. We believe in building strong
relationships, and we work hard to provide the best possible
customer service to our owners and our
residents.
When you’re looking for a company to lease, manage,
and maintain your investment property, you need to know
everything you can about who they are and how they work.
Today, we’re providing five common questions that
we’re often asked. We’re also asking you to
contact us for more information about how we can help you
have the best possible investment experience with your Oahu
rental homes.
1. How Much Will My Oahu Investment Property Earn in
Rent?
Understanding
how much rental income you’ll be able to earn
is important, but what’s even better about this
question is that it will give you an idea of the depth of
your property manager’s local experience in the Oahu
rental market. A correct rental value will require a market
analysis and some data evaluation, but a good property
manager will be able to give you a range based on your
property’s location, size, and condition. You want a
property manager who understands the rental market and the
neighboring communities.
2. How Do You Know You’re Placing Good Tenants?
Tenant placement and tenant screening has an important
impact on the type of rental experience you have as well as
your success as an investor. You want to be sure your
property manager is placing highly qualified tenants who
meet a consistent and strict set of criteria. Find out if
the screening process includes the following:
-
Credit worthiness and financial stability
-
Income and employment
-
Past evictions or criminal records (nationwide)
-
Positive rental history
3. What Do You Do to Maintain My Property?
Your property manager should be available 24 hours a day.
Also important is the way they respond to routine and
preventative maintenance issues. You want to know your
property is going to be cared for throughout the tenancy,
not only during emergencies.
Find out how they screen and select vendors. Ask whether
they have an in-house maintenance team or they rely
completely on outside contractors. Make sure they work with
licensed and insured individuals, otherwise your property
could be at risk.
4. What Happens if a Tenant Won’t Pay Rent?
Always ask about the rent collection policy and how
it’s enforced. Good property managers don’t have
to evict a lot of tenants. But, you want to know
there’s a process in place when tenants are late with
rent. Ask about late fees and rent collection policies. Find
out what their eviction rate is and whether they take steps
to avoid eviction before it gets that far.
5. Do You Invest in Technology?
The availability of innovative and industry-specific
technology has really grown over the last decade. You
shouldn’t work with a property management company that
has not adopted the latest accounting software, inspection
programs, and showing systems. There is a lot that can be
automated and made more efficient, especially when it comes
to communication. Ask about an online portal where you can
see accounting statements and send messages. Make sure
you’re working with a company that’s modern,
adaptable, and on the cutting edge of technology and best
practices.
We’d be happy to answer these questions and anything
else you might want to ask about our Oahu property
management services. Please
contact us
at Elite Pacific Properties.
