Rather than take the “rear view mirror” approach to winding down another year and another decade, why not take the “VISIONARY” approach to life and look at the opportunities ahead. Look at it as we are offered the opportunity to a fresh NEW YEAR and the beginning of a NEW DECADE in which you, me and everyone else can make a difference!

Establish a NEW VISION for 2010 and the 2nd decade of the newest century. Create a dynamic plan for your personal life, and business situation. Create not only a NEW YEAR’s resoltuion, but a NEW DECADE resolution! Whether it be personal or professional or both, creat a VISION for yourself… write it down…and post it everywhere around your house. Doing so will bring a daily reminder of the goals that you have established for yourself and will assist you in keeping those goals. Too often we create goals in which we desire to achieve, but like always, life gets in the way…we get busy…and our goals turn out to be one big failure. A failure that usually becomes an obstacle for many to create a new vision or goal somewhere down the road and prevents them from achieving success!

So as we embark on a journey into 2010, we at Hart Realty & Property Management would like for all to know that it is OUR VISION to prosper our clientele and deeply root a long lasting profitable relationship together with our owners and a long lasting relationship with our tenant family as well.

WE WOULD LIKE TO WISH ALL A VERY BLESSED NEW YEAR AND NEW DECADE~!

From Your family at Hart Realty & Property Management

www.HartRealtyOnline.com

Here’s the reason why…Most of the time, the property owner does not have the experience with screening tenants to ask them the important questions that will initially assist them in weeding out the “non-desireable” tenants to the quality ones. Additionally, they typically don’t conduct, or have access to, the extensive screening process required to properly determine whether a tenant is desireable to have occupy their residence. Most of the time, the homeowner is so excited that they have found someone to rent their property that they just take the first person who says “They want it” and puts down the security deposit and rent amount requested!

What most fail to realize is that the typical “Less than desireable” tenants prey on the properties that are “RENT BY OWNER.” For the exact reason that is previously mentioned is because they don’t have access to nor typically conduct the necessary screening process to weed them out. They know that as long as they say “They Love your house” and have the requested Security Deposit and first months rent, that that property owner will be excited to rent to them.

So what’s the answer? HIRE A PROFESSIONAL MYRTLE BEACH PROPERTY MANAGER!

O.K., I know the question you are going to ask or comment you are going to say…“I’m already in the negative (or barely cashflowing) on this property, how am I going to pay a property manager?”

So here’s my answer…Don’t look at what position you are in “cashflow” wise when determining whether or not you are going to hire a professional Myrtle Beach Property Manager. Look at the overall numbers for what the cost is going to be to properly protect one of your most expensive investments… Here’s what I mean:

Ask your Myrtle Beach Property Management team what their fee/charge is going to be? Usually it’s a % of the gross monthly rent. Calculate all the charges and see what the cost is going to be for the year. For a property that is bearing a gross monthly rent of $1,000/month, the total yearly cost for professional Myrtle Beach Property Management will be less than $2,000 for the year.

From my experience of dealing with Myrtle Beach property owners who had attempted to manage their properties themselves and have had a “bad experience,” the cost of the repairs typically well exceeds $2,000.

Look at it like this…It will probably cost you more than $2,000 just to re-paint that entire home. It will cost you more than $2,000 to replace all the carpet in that home. Think about if you have to replace the carpet and re-paint, which when dealing with a “horror” tenant, this is what you can expect…PLUS potential loss rent, court costs, and loss of time from property being off the market…

So I ask you, “Is it worth the LESS THAN $2,000 for the year for a professional Myrtle Beach Property Management team to protect your INVESTMENT!

Here is the one thing you need to remember when hiring your Myrtle Beach Property Management team…Ask them what their screening process is, what their rent collection process is, what their eviction process is, what process do they utilize when the need to put a tenant in collection is, and MOST OF ALL…Do they have a legitimate Office Location to conduct business from?

Feel free to give us a call and we will be more than happy to discuss how WE can protect your investment to the best opportunity available! Remember, your property is an investment…PROTECT IT!

1. Speak with the person that owns the company. If you can’t talk to him/her directly, ask why? Companies who ownership isn’t available to speak with you doesn’t focus on customer/client satisfaction. Every owner of a company should be prepared to speak with new clientele and express their passion about their business

2. Next, speak with the person (property manager) that will be handling your property. Ask them what their experience in the profession, the market place, and their furthered education is?

3. Ask them what their marketing plan to market your property entails and how they derived their plan?

4. Ask them how your property is going to be properly protected before, during, and after its occupancy?

5. What is their Tenant Screening process?

6. Their knowledge on the eviction process, experience with eviction process, & how many tenants they have had to evict in the last year?

7. Frequency of inspections of your unit both during its vacancy and occupation time period?

8. How they determine their Security Deposit standards?

9. Collection Procedures for defaulting tenants & their success rate?

10. THEIR STAFFING? How many staff members do they have? Who does what? Are you able to talk to them should issues arise? Are their jobs clearly defined. This is imperative because lack of staffing means not enough attention to your property. You will find companies that have 1-2 people doing EVERYTHING which causes burnout and work overload!

As you will see, there are a lot of questions that need and should be asked before hiring a property management company (I say this because you DON’T EVER hire a property manager! Always hire a company that has every function available to properly serve yours and your properties needs).

Check back in with us as we will be adding to this list frequently! If you would like to hear our answers to these questions, call our office at 843-903-HART (4278) or email us at Info@HartRealtyOnline.com

Thanks for reading and learning more about Myrtle Beach Property Management!