Q: Why should I use a property manager?
A: Many owners are concerned about the additional cost of hiring a property manager. The reality is that good property management doesn’t cost, it pays! A property manager will relieve you of the expenses incurred from marketing your property, screening tenants, dealing with maintenance or repair issues and handling tenant contracts and complaints. If these dealing with these challenges are not the best use of your time, it makes sense financially to hire a property manager. Good management pays off with the peace of mind that comes from knowing you can go about your busy life and not worry about one of your biggest investments!
Q: What is the cost of property management?
A: Property management fees vary from company to company with some charging as little as 6% of the gross monthly rent for full management, all the way up to 12%. The fee at NewWest is 8% for full property management. This fee includes all the marketing and screening costs necessary to find a qualified tenant for your property. As always, if your property is not rented, we won’t charge the monthly management fee. We feel the 8% monthly fee allows us to cover the costs incurred while providing an excellent full-service management experience.
Q: How will my property be advertised and marketed?
A: NewWest has access to dozens of the most popular rental and real estate sites. Some examples are Craigslist, Rentbits, Trulia, Zillow, Hotpads, Facebook and Rent Jungle. In addition, as a licensed broker with a staff of licensed and trained Realtors, properties are listed in the multiple listing service and pitched at the weekly meetings if your property is Downtown.