ABOUT US AND OUR SERVICES
Aamerican Property Management Division:
Experience-Based Business Plan
Property Management is a continuing business relationship quite different from a sales encounter. Manager, Tenant, and Owner have an ongoing relationship that works best with full disclosures, direct and complete information, and immediate responses to all problems.
The process begins with a clear understanding of the market between Owner and Manager; positioning the property (marketing plan) to best suit the Owners' objectives, and fully exposing that property to potential Tenants.
MY INVENTORY GROWTH
Can you imagine how you would feel if a property manager had not exercised due care and you suffered serious consequences?
Unlike sales, not all business is "good business".
I had a very gracious couple balk at signing the Rental Agreement and addendums months after they had signed the Reservation Agreement and provided a deposit. It was a tiny oceanfront townhouse and the gracious couple had withheld their intention to have a family reunion of sorts during a period of their occupancy. Fortunately, the "number of occupants" clause and the "Maintenance" addendum caused the couple to recognize potential severe financial repercussions. In this case, the owner's property was protected because of the thorough contracts.
My style of management is generally approved by condo boards and I have benefited from their direct recommendations.
I receive unobligated referrals from real estate professionals; i.e., "use this person to manage your property" and well as condo owners.
I actually have been asked to manage property owned by Real Estate Professionals.
We can discuss your goals.
February of 2003, as a result of Owner/Manager participation, 100% occupancy of all inventory including seasonal units.
Seventeen of those properties were newly acquired (late 2001, 2002 & early 2003) seasonal & long-term furnished and long-term unfurnished with a gross monthly rent of $32433/average rent $1907.
The seasonal furnished averaged $2221 with a high of $2900 and a low of $1175.
Two of the four unfurnished long-term rentals were projects wherein I sought tenants willing and able to make improvements. This technique falls into the future value scenario (vs.cash-flow) gradually improving the condition, rent return, and appreciation.
IS PROPERTY MANAGEMENT A NIGHTMARE?
By carefully and explicitly addressing experienced-based pitfalls contractually, a sincere effort is made to avoid misunderstandings, allow excessive wiggle room, and/or place the Owner's property in jeopardy.
My Rental Agreements are lengthy, include as many as 9 addendums, incorporate Inventories and Association Documents, and are thoroughly reviewed with the Tenant.
Still, a problem could occur and prompt corrective measures need to be taken. I, again, am unbelievably fortunate to have never initiated a legal action or been unable to collect a delayed rent payment with the required late payment (always proportional to the actual rent).
I value putting the right deal together vs. simply pursuing a commission or fee.
The Manager, Tenant, and Owner have to be willing to enter into forthright and honest business dealings.
There are Property/Owner situations, however rare, that have to be avoided and in the past, I have actually returned three properties when circumstances dictated.
Contact Us for more information.