What to Expect During Your First Year with Key Realty Center Property Management

 

Wondering how things will look when you partner with Key Realty Center for property management in Elk Grove or one of the surrounding areas? 

If you’ve decided to work with us, then you already know a little bit about us. We’re willing to create personalized, customized property management plans that meet the unique needs of your rental property and your investment goals. We’re completely committed to service, accountability, and transparency. We’ll communicate easily and often. 

We’ll make sure your tenants have a pleasant rental experience.

We’ll make sure you have a profitable rental experience. 

Let’s walk you through some of the results that a lot of our owners and investors enjoy after the first year of working with our team. Whether you’re bringing us a single home to rent out or an entire portfolio of properties, we can tell you that our team is focused on your success and growth. Here’s a glimpse of what you can expect during your first year with Key Realty Center Property Management. 

Lower Vacancies

We prove our value to owners almost immediately, by getting your property rented quickly. Our strategic marketing, intuitive technology, and responsive communication cast a wide net and attract several interested tenants to your property, getting a qualified renter placed quickly. The reduced vacancy time is important for three reasons: 

• Maximizing Income

The most immediate benefit of reduced vacancies is the higher rental income. Every day that a property sits vacant is a day of lost revenue. Even a short vacancy period can impact your annual income. For instance, a rental property that remains vacant for just a month each year loses approximately 8% of its potential annual income. By ensuring lower vacancy rates, we ensure that your cash flow remains steady and predictable, which is essential for both short-term and long-term financial planning.

• Enhancing Property Value

Consistently low vacancy rates can enhance the perceived value of your property. Prospective renters, and eventually buyers, view properties with high occupancy as more attractive investments because they promise a reliable stream of income. This added value can be particularly beneficial if you decide to sell the property or even refinance the mortgage. 

• Reducing Costs

When a property is vacant, you take on the burden of all operating costs without any rental income to offset them. This includes mortgage payments, property taxes, insurance, and maintenance costs. Reduced vacancies mean these costs are shared with tenants, improving your net operating income (NOI).

We also have a strong tenant retention plan that we bring to every property we manage, so by the end of your first year with us, you’ll likely have a good tenant who has renewed the lease agreement, further reducing expenses and increasing profit.

Better Tenants Taking Care of Your Investment Property

Tenant quality improves when we begin attracting, screening, and placing tenants for you. 

You’ll notice that thanks to our rigorous screening process and our willingness to develop positive, respectful relationships with tenants, you have tenants who are:

• Paying rent on time every month.
• Taking good care of your property and contributing to its upkeep and maintenance.
• Following the terms of the lease agreement with no conflict or disputes.
• Communicating easily and openly with our team.
• Renewing lease agreements and preventing vacancy and turnover costs.

We are diligent and intentional when it comes to putting together standard rental criteria for all of our approved applicants to meet. Thanks to our automated technology, screening is objective and fair, allowing us to remain compliant with fair housing laws without even thinking about it. 

Better tenants lead to better rental experiences for all of us. There’s less risk with a well-qualified tenant in place. You won’t have to worry about late rent payments, missing rent payments, property damage, lease violations, or evictions. 

Our record of accomplishment with tenants is one of the things we are most proud of at Key Realty Center. We place residents who we know will be responsible and willing to partner with us to take care of your investment.

More Streamlined and Personalized Services 

If you’ve worked with other property management companies before, you’re likely expecting a systemized process that leaves little room to consider the unique needs of your property. 

You won’t find that with us, however. 

Throughout the first year of our management partnership, we’ll spend a lot of time getting to know you, your property, and your tenants. We will develop systems and schedules that are designed to solve the problems that you may have been running into for years. We’ll make recommendations based on how your property is performing, tenant feedback, and market shifts that impact your position within the market. 

Unlike traditional, one-size-fits-all solutions, our personalized management considers various factors such as location, tenant demographics, and property type to create a unique strategy for each investment you bring us. Here’s why it matters:

• Marketing strategies are optimized for the tenants who are attracted to your neighborhood and property.
• Higher tenant satisfaction rates are the result of personalized service. This contributes to better retention.
• We make your property more adaptable to market changes. Whether it’s adjusting rental prices or implementing new technologies, a customized approach ensures that the property remains competitive in the market.
• Your property earns more money. Personalized management involves custom financial reporting and budgeting, allowing investors to make informed decisions. By analyzing specific data related to each property, investors can identify areas for cost reduction and revenue optimization, ultimately improving their financial outcomes.

We’ve found that our personalized approach to management also improves our relationships with owners and investors, which is critical in that important first year of working together. 

Preventative and Cost-Effective Maintenance 

Maintenance is a big part of property management, and it’s also a big part of your budget. Within the first year of working with us, you’ll notice two things about the way we approach maintaining your property:

• We are proactive and preventative. We don’t wait for emergencies, and we don’t allow deferred and unreported repair issues to take hold. By taking action early and conducting thorough inspections before and after each tenancy, we’re carefully protecting the value and condition of your investment. 
• We are conscious of staying on budget. Maintenance costs have risen over the last five years, thanks to many factors, including inflation, labor issues, and supply shortages. This requires expediency and a lot of valuable relationships with vendors, contractors, and service providers. We are committed to maintaining your property without blowing out your budget.

We have maintenance processes in place for preventative services, emergency responses, and routine repairs. 

Here’s something you can expect: fewer emergencies. Our approach to maintenance includes careful inspections, partnerships with vendors, and close relationships with tenants that allow us to prevent big and frustrating emergency repairs. We’ll notice the rust that’s started on your water heater before it explodes, for example. If there’s a slow drip in a bathroom sink, we’ll have a plumber take a look at it before it develops into a major leak. 

There’s Less Risk 

Renting out a property to tenants is inherently risky. After all, we’re talking about homes. Anything can happen in a home. 

Renting out a property in California is even riskier than ever. There are so many tenant protections in place that it’s hard to keep track. There are rent control laws, lease language that must be included, just cause eviction laws, security deposit limits, fair housing considerations, requirements around habitability, and if you’re renting out a multi-family building – laws are now on the books around organic recycling and e-bike storage. 

It’s so easy to make a legal mistake, even without meaning to.

But, when you work with our team, you don’t have to worry about those legal pitfalls. We’re disciplined and intentional about understanding existing laws and learning everything we need to know about pending legislation. We’ll keep you compliant. We’ll protect your rights and those of your tenants. We cannot eliminate all the risk that comes with renting out properties, but we can and do limit it.

You Have More Time and Less Stress

This is something that almost all of our owners and investors notice about their first year with Key Realty Center Property Management. You’re less worried about your investment property. You’re not dealing with late rent payments, difficult tenants, or expensive maintenance issues that you never saw coming. 

You will enjoy peace of mind when you partner with us. You’ll have more time to do the things you care about the most. You’ll have less stress and more profits. This is a win-win situation for everyone involved. We get to add another happy client to our roster of satisfied customers. You get to earn more and spend less on your investment properties. And your tenants enjoy a pleasant and convenient rental experience in your home. 

Let’s make this happen. The first year of management with us is only the beginning of a long, fruitful relationship that we know you’ll enjoy. Contact us at Key Realty Center, and we will talk about your property management needs in Elk Grove, Sacramento, Galt, and any of the surrounding communities we serve.