How do Property Management Companies Keep Ongoing Costs Down?
Property management benefits far outweigh the costs when you partner with a cost-conscious company that doesn’t skimp on quality. You end up spending less on your property’s ongoing expenses while maximizing your income, time, and resources.
If you’re ready to hire your next property management company, here’s what to look for and how CJL Rentals & Property Management can help keep your ongoing costs down.
Flat Management Fees
Charging landlords a la carte ultimately drives up costs and leaves operating budgets vulnerable and unpredictable. Instead, CJL Rentals & Property Management charge landlords a flat management fee every month. Landlords know precisely what they’re getting for the price and can factor it into their monthly budget. Our pricing structure is transparent and protects landlords from being nickel and dimed for everything.
In-House Staff Options
Some property management companies hire outside contractors for everything from a leaky faucet to minor cosmetic repairs. CJL Rentals & Property Management has a reliable, in-house staff for most of our clients’ maintenance needs.
Our maintenance costs are more predictable, and tasks are completed quickly and efficiently. When absolutely necessary, we outsource projects to trusted experts that have been vetted and offer reasonable prices. which is often less than hiring others.
Price Shopping to Optimize Expenses
Condo owners don’t need to waste time price shopping when it comes to association insurance and other needs. We do all of the research for you and find the best price for quality service, whether you need a specialized vendor or a contract on trash removal.
Vendor Relationships
A quality property management company has long-standing relationships with trustworthy vendors. CJL Rentals & Property Management doesn’t shop for the lowest prices around; we look for the most qualified vendors at the best prices to pass on cost-savings and quality service to our landlords.
No Upcharges from Vendors
Some property management companies charge a fee on top of vendor bills to make an additional profit. It’s common to see charges of 10% to 20% for property managers to send out plumbers, electricians, and carpenters. CJL passes routine maintenance bills directly to the landlords from our contractors with no additional pricing involved. You pay for the property services you received without worrying about hidden charges.
Low-Cost Diagnosis
Instead of sending out contractors and team members for every issue, we keep costs down with available, simple to use technology to diagnose issues. Our team will discuss your issues, request photos from tenants, or ask for a video of the problem to resolve the issue. Whenever possible, we’ll send you tips or YouTube videos to resolve the issue without calling in other contractors or you incur a charge.
Quality
A property management company should be efficient, reasonably priced, and offer a quality service. CJL Rentals & Property Management are firm believers that you get what you pay for. Find that balance between budget and peace of mind that you’re getting the best price for the best service possible.
Are you ready to hire your next property management company? Get in touch with CJL Rentals & Property Managementtoday.