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4 Tips To Find The Best Property Management Company | Property Management Company In Charleston

Author: MediaBeast
Categories: Property Management
property management company in Charleston

Key Takeaways:

  • The right property management company in Charleston can help maximize your rental income while minimizing headaches.
  • Look for real estate managers with experience, references, and a thorough understanding of local landlord-tenant laws.
  • Make sure the company offers tenant screening and leasing, rent collection, repairs, and maintenance services.
  • Check for knowledge of marketing and tenant retention strategies and an understanding of the local rental market.
  • When you find a company that meets your requirements, schedule a consultation and review the terms carefully before signing any contracts.
  • Ask them about the tenant retention rate to gauge their ability to keep occupancy high and minimize vacancies.
  • Scott Properties Charleston provides turn-key property management solutions designed to maximize your rental income while keeping the process hassle-free.
  • We ensure that all elements of the property management process are handled, from finding and screening tenants to collecting rent, maintaining properties, and handling evictions.

 

Finding the right property management company in Charleston can be daunting. Although the Charleston area is fabled for its idyllic coastal vibe and serene beauty and is home to a large population of renters, it can be tricky to find qualified tenants who are responsible and reliable.

However, when you work with a professional property management company, you can rest assured that your property will be in good hands. From tenant screening and leasing to financial reporting, repairs, and maintenance, a reliable property manager can help maximize your rental income while minimizing headaches.

They will be familiar with changing local laws, regulations, and ordinances that landlords must adhere to. Property managers handle all tenant interactions and communication, from responding to inquiries and handling complaints to maintaining a tenant logbook for record-keeping purposes.

An experienced property manager can also help you save time and money on tenant screening, one of the most critical processes in owning rental property. The right property manager will have a reliable network of contractors to provide quality services such as repairs, maintenance, landscaping, pest control, and more at competitive rates.

Here are some tips to consider when searching for a reliable property management company in Charleston:

1. Research Online | Property Management Company In Charleston

Several property management companies may be in your area, but not all of them will be suitable for your rental property. Some may specialize in single-family homes, while others work with multifamily properties.

Searching online is the best way to get the broadest view of your options. Look up the websites of different companies and browse the services they offer. Read their reviews from past customers, and see if any complaints have been registered with your state’s real estate commission.

A professional property management company will have a professional website. It will include all their services, client reviews, and contact information. You’ll also find all the benefits of working with them, such as taking care of tenant issues quickly and efficiently.

2. Schedule a Consultation

Once you’ve found your top picks, schedule a consultation. During the meeting, discuss your needs in greater detail and get advice on managing your property best. Ask questions about their experience and qualifications, and ask for references or customer reviews from past clients.

You’ll also want to discuss their policies for handling evictions, maintenance, repairs, tenant screening, and rent collection. Be sure to get a detailed written agreement before signing on with the property management company.

You can also use the consultation to compare the fees and services of different property management companies. By getting feedback from each, you can make a more informed decision about which will work best for your needs.

3. Ask About the Tenant Retention Rate | Property Management Company In Charleston

The retention rate is the percentage of tenants who renew their leases yearly. A property management company in Charleston that offers quality services and takes good care of the tenants will have a high retention rate. Good tenant relations are critical in determining whether real estate managers have a good track record of keeping tenants happy.

Ask about the average retention rate of their properties and use this information to gauge how well they manage their tenants. It will help you ensure that the property management company you choose can retain its clients and provide a steady income for your rental property.

Additionally, ask about the company’s procedures for dealing with late rent payments, tenant complaints, and other issues that may arise. An efficient and professional property management company in Charleston will have a system to address these issues swiftly and effectively.

4. Maintenance and Repairs

When a tenant occupies a rental property, the landlord must ensure the property is well-maintained and in good repair. And if any repairs are needed, they must be completed quickly and efficiently.

Ask potential property management companies in Charleston about their policies and procedures for dealing with maintenance and repairs. Ask about their tenant communication policies and how they handle emergency repairs.

A professional property management company in Charleston will have a system to quickly and effectively address any maintenance or repair issues. They will also be able to provide thorough property inspections and evaluations to assess the condition of your property. These real estate managers will also coordinate maintenance and repairs with licensed and insured contractors to ensure the job is done right.

Why Choose Scott Properties Charleston as Your Property Management Company in Charleston?

If someone knows the Charleston real estate market, it’s Scott Properties Charleston. Our experienced property management team will provide personalized service and expert advice to ensure your property is in top shape and meets all regulatory standards.

We provide full-service property management solutions, from advertising, tenant recruitment, and leasing to rent collection, finance management, and more. We know your property is an investment, so we ensure it’s well-managed. We perform thorough property evaluations and inspections to identify potential problems and take the necessary steps to ensure your property is up to code. We also keep the rent of your property competitive to ensure maximum occupancy.

Have more questions? Reach out to us today and see how we can help. Our friendly staff and real estate managers are always happy to answer any queries and help you get the most out of your property.

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Property Management Company Charleston SC | Showings Can Close the Deal

Author: MediaBeast
Categories: Property Management
property management company in Charleston SC

Any prospective tenant is going to want to see a property in person before they sign a lease and get ready to move in. Putting plenty of pictures online is a great start when trying to lease out a property you own, but there is simply no substitute for being able to walk through the rooms and get a feel for the place. Having a property management company in Charleston SC handle your showings will save time and lead to better results in the end.

Flexible Timing

If you are trying to rent a property on your own without the help of a property management company in Charleston, SC, you are going to need to work together with potential renters to show the place when you have free time. Or, you are going to have to force these showings into your schedule, which will impact other parts of your life negatively. When you aren’t available at a convenient time for the potential renter, they may decide to see other properties instead. You don’t want to miss out on a great tenant simply because you didn’t have time to show them the place when they were available, so eliminate this problem by hiring the best property management company in Charleston, SC.

The Art of Showing with a Property Management Company in Charleston, SC

Not only can a management company be available at the right times, but they will have plenty of experience doing showing and will have mastered the art. It can be difficult and a bit awkward to show your own property to prospective renters, as you might not know what features to highlight or how to make casual conversation while going through the house. Leave this job to the pros and you’ll be much happier with the results.

 

Working with the right property management company can take a huge weight off of your shoulders. Scott Properties would be proud to serve in this role for you, so reach out today to learn more about our services. We hope to hear from you soon!

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Property Management Company Charleston | The Advantages of Professionalism

Author: MediaBeast
Categories: Property Management
Property Management Company Charleston

When looking for a place to rent, tenants are going to find a mix of properties. Some will be managed by the property owner, while others will be handled by a property management company. Either arrangement can work out, but for a tenant, dealing with a property management company in Charleston is likely to be a more enjoyable, reliable experience. So, as a property owner, that’s something to keep in mind when deciding how you will proceed. 

A Strong First Impression

Renting out a property is a two-way street. Yes, you need to vet your prospective tenants to make sure they are qualified to rent the space, but those same prospective tenants are going to want to learn more about who is managing the property, as well. With a professional property management company in Charleston as the representation for this property, those renters will get a good first impression every time. If they are dealing with you directly, however, things might not be so consistent. That’s not your fault, it’s just the reality of trying to manage a property while also keeping up with everything else that makes up day-to-day life. 

An Ongoing Benefit of a Property Management Company in Charleston

Not only will you put your best foot forward by having a property management company in Charleston running your property, but the renters will also get better service moving forward. This comes down to the same issue – a management company does this work all day, every day, while you have many other things to deal with in your work and personal life. So, instead of renters getting frustrated with what you are able to offer them in terms of service, and maybe moving out at the end of a lease, they’ll get great service and will be more likely to stick around for the long run. 

Working with the right property management company can take a huge weight off of your shoulders. Scott Properties would be proud to serve in this role for you, so reach out today to learn more about our services. We hope to hear from you soon!

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South Carolina Security Deposit Rules | Property Management Company Charleston

Author: MediaBeast
Categories: Property Management
Property Management Company Charleston

Security deposits are one thing that every property management company in Charleston has in common. A security deposit is money that a tenant must give in advance of renting that is held by the landlord or property manager until move out. When a tenant moves out, any damages to the property or violations can be deducted from the security deposit. However, there are a lot of rules regarding how these deposits can be handled, stored, and dispersed that investors need to know about. 

Security Deposit Rules for Investors 

Investors in South Carolina can require security deposits on their properties to cover damages that go above and beyond normal wear and tear as well as unpaid rent. 

There are no minimums or maximums on the amount a property management company in Charleston can charge for rent; however, most investors and managers choose to equate the deposit to one month of rent. 

Security deposits must be returned within 30 days of the renter vacating the property. A written statement must be included that itemizes any deductions made to the deposit, and any money still owed that was not covered by the deposit.

Best Practices for Security Deposits

Upon move-in, ask tenants to report any damages to their home within 48 hours of taking possession. Move-in inspection sheets are easy to use for these purposes and can be kept in the lease file to compare when the tenant vacates the property. Similarly, conduct a move-out inspection with the tenant when they return the keys. This way, the property manager and tenant are on the same page with the condition the home is being vacated in. All damages listed on move-in or move-out forms should be documented with photos as well. 

Sometimes, there will be disagreements between the property management company in Charleston and the tenants on the amount that should be returned from the security deposit. Keeping diligent records of all damages, lease violations, and communications with the tenant will be key if legal proceedings need to happen. Luckily, investors can rely on professional property managers to handle these things. 

If you need property management services in Charleston, give Scott Properties of Charleston a call at 843-790-4929

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Charleston Top Rental Market Post-Covid | Property Management Company

Author: MediaBeast
Categories: Property Management
charleston property management company

According to the National Association of Realtors, Charleston is one of the top rental markets in a post-Covid world. Charleston was already a fast-growing community before the Covid-19 pandemic because of its reputation for being an affordable alternative to big-city prices and lifestyle. Job growth has been consistent and the local government has focused on economic diversity and expansion which makes the community attractive to investors who want to work with property management companies in Charleston to expand their portfolios. 

Why Buy A Rental Home In Charleston 

Investors who want to get into rental property should buy property in Charleston as soon as possible. Home values are rising every year by as much as 14% with the average single-family home selling for $363,700 according to the Charleston Trident Association of Realtors. The Charleston Regional Business Journal also projected that the housing market in Charleston will continue to remain in the top 10 for the next several years. 

One of the factors driving prices up in Charleston is the shortage of properties available. The Inventory of homes for sale has decreased by nearly 50% as more people decide to stay put in Charleston. Property management companies in Charleston SC are having success in keeping tenants in properties long term as well as filling vacant properties quicker than ever. 

Charleston has over 60 neighborhoods with homes of varying prices and diverse demographics where investors will find a high demand for rental homes. Currently there are an additional 7,500 homes needed to keep pace with population growth, so if investors can purchase a home in Charleston, the risk of not being able to find a high-quality renter is almost non-existent.

If you are interested in Scott Properties managing your rental properties, call us today at 843-790-4929.

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Steps to Take Before Renting Your Property | Property Management Companies in Charleston SC

Author: MediaBeast
Categories: Charleston Property Management Companies,Property Management,Property Rental Companies in Charleston
Property Management Companies in Charleston SC

Many people want to get into rental property investing to earn extra income while they are retired, spend time on other businesses, or keep increasing their assets. However, sometimes people become landlords by accident through inheritance or needing to move without selling the property they already own. However, having an empty home doesn’t mean it is ready to be put on the market for rent. Property management companies in Charleston SC have been able to assist hundreds of owners in getting their properties rent-ready. 

How to Get Rent Ready

There are many different steps to getting a property ready to rent to tenants:

  • Building Code Inspection:

    A property owner should ensure the rental home is up to code and can pass any inspection that would be needed in order to pass for a sale. Properties should be safe before renters move in and safe, up-to-date properties will require less maintenance in the long run. 

  • Renovations and Updates:

    Addressing any code violations and making renovations that will make the home modern and more up-to-date will not only help you rent faster but also be more competitive at the top of the market rent price.

  • Landscaping:

    Muddy yards, dead trees, and broken sidewalks could turn potential renters away. Investing in professional landscaping and lawn care will make your properties stand out and increase curb appeal which will also allow you to be competitive on the rental price. 

  • Property Management Companies Team:

    Before tenants move in, you should be ready to address all facets of being a landlord including rent collection, lease enforcement, maintenance requests, and more. Property management companies in Charleston SC can be great partners in making sure all of your list is checked off before you take the next step. When you work with a property management team, you also have all the professionals you need under one roof including maintenance! 

Getting your rental property ready for tenants to move can be overwhelming, especially if it’s the first time you are renting to someone. Let a property management company like Scott Properties help you get on the right footing so your investments will have the maximum return. 

Contact Scott properties today at 843-790-4929

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Property Management in Charleston | What Should be Included in a Tenant Welcome Letter

Author: Scott Wallace
Categories: Property Management
Property Management in Charleston

Providing great customer service is what will take property management in Charleston to the next level and help retain tenants longer. There is a lot of advice out there for property managers about how to provide the best service for tenants; however, one thing that is often missed is a tenant welcome letter. These letters should always be friendly, but also set expectations and provide vital information about the community and where to find other information.

If you’re in property management in Charleston, make sure these items are included in your tenant welcome letters:

  • Start the letter off positive, friendly, and welcoming.
  • Reinforce guidelines in the lease that keep the property safe such as policies regarding pets, smoking, renter’s insurance, utilities, smoke detectors, and pest control.
  • Information about the community such as school districts, non-emergency lines for the police and fire departments, closet hospital, grocery stores, and gas stations, special events in the community, and other amenities.
  • How to make maintenance requests
  • How to pay rent
  • How to set up an online tenant account if applicable
  • A change of address form for the post office
  • What maintenance requests constitutes an emergency
  • What to do and who to contact in case of an emergency

Companies offering property management in Charleston, and individual property managers need to have great relationships with tenants in order to increase resident retention. The longer you can keep great tenants happy and, in their homes, the better it is for creating a consistent cash flow for owners. Adding a personal touch such as a tenant welcome letter is a great way to keep channels of communication open and let tenants know you are glad to have them renting from you.  Some property management companies choose to offer their tenants welcome gifts such as plants or a fruit basket to welcome them into their new home as well.

If you need a property manager, call Scott Properties at Scott Properties of Charleston at 843-779-6527.

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Property Management in Charleston | How to Make Moveouts Go Smoother

Author: Scott Wallace
Categories: charleston property management,Property Management,Scott Properties
Property Management in Charleston

One of the most strenuous things employees of property management in Charleston have to deal with is the tenant moveout process. There is always a sense of anxiety and dread when it comes to the final moveout inspection. Property managers never know what to expect when they open the door of a home after a tenant has turned in the keys once and for all. Property managers walk into a lot of different situations after a tenant moves out—homes that are trashed, pets left behind, food left in the fridge or cabinets, overgrown yards, and other disasters. Luckily there are a few ways to make moveouts go much smoother and reduce risk to the owner.

Tips to Make Moveouts Go Smoother

  1. Inspections- Property management in Charleston has a duty to keep the properties of their owners safe, occupied, and well-managed and part of doing this is performing rental property inspections. Walk-throughs should be completed before tenants move their belongings in (when the lease is signed usually), at the six-month or halfway point of the lease, and again before the keys are turned in. Tenants and property managers can sign these inspection forms accepting responsibility to conditions.
  2. Moveout Folder- 30 days before a tenant moves out a property manager can provide them with a moveout folder with checklists for moving out and cleaning, forwarding their mail, and how to schedule their moveout inspection. Tenants often appreciate knowing exactly what they are expected to do for moveout and even if the lease states these provisions already, a moveout folder with checklists will reinforce the expectations.
  3. Hand Deliver Notices or Send Certified Mail- One of the golden rules of property management in Charleston is always to verify the tenant received any communications sent. One of the best ways to do this is to hand-deliver notices or send certified mail. Taping notices to doors is not reliable.

Sometimes, no matter how much a property manager prepares for tenant moveouts, the tenant will still leave the home in a bad condition or not perform the cleaning tasks. This is where property managers on your team can be a lifesaver. Property management companies have connections with vendors that can come in and get the cleanouts done quickly!

If you need a property manager, call Scott Properties at Scott Properties of Charleston at 843-779-6527.

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Property Management in Charleston | How to Turn Your Home into A Rental Property

Author: Scott Wallace
Categories: Property Management

Many first-time rental home investors get into property management in Charleston by turning their family home into a rental. Retirees who are downsizing often decide to turn their homes into passive income revenue through rentals rather than selling their homes. Getting started with rental properties is not as easy as moving out and letting someone else move into your home and pay rent. There are a few steps property owners need to take to be renting legally.

Steps to Renting Your Home

You want your business to be legitimate and if you are diving into property management in Charleston there are a few steps you will need to take first.

  1. Establish a Business- Research your local business licensing requirements and what you need to do to establish your home as a rental property. There are often zoning restrictions or HOA regulations that govern rental properties as well as city ordinances.
  2. Updates to the Home- There are often regulations on rental homes that require the properties are up to date to city codes and building regulations. Before renting your home, you should ensure that the home is in a good livable condition which can sometimes include renovations.
  3. Hire Property Management- One of the best things you can do to get your rental business off the ground is to hire a company that does property management in Charleston. Property managers can handle all day-to-day duties of being a landlord, help with lease preparation, managing vendor relationships and maintenance, leasing and marketing, late payments, and even evictions. The best property management in Charleston will ensure your properties are always occupied with high-quality tenants that will be long-term renters.

Investors can consult with property management companies about the ins and outs of the rental business before committing to diving into buying homes or renting out their own. Gather as much information as possible to put yourself in the best position to be successful before expanding your portfolio.

If you’re ready to add property management to your team, call Scott Properties at 843-790-4929.

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Property Management in Charleston | Expanding Your Rental Property Business to Multiple Locations

Author: Scott Wallace
Categories: Property Management

According to a State of the Industry Report for 2021 by Buildium, more than three-quarters of property investors plan to expand their portfolio within the next few years. Many investors navigating Property Management in Charleston know the value of having properties close to the metropolitan areas of the city, but now is a great time to start expanding into other neighborhoods around Charleston. Some investors don’t know the best practices to make their dream of expansion into other communities a reality; however, we’ve got some tips to share with you!

Here are some Best Practice Tips for Property Management in Charleston:

  1. Research the Market First- When you are looking to expand your rental properties into other communities the first thing you must do is research the market. As an investor, you need to know-how and understand the volatility of the real estate market as well as the market rental rates for comparable homes to what you are looking at purchasing. You want to ensure you will make a good profit off the home and that the rental market is stable.
  2. Research Regulations- There are many things to consider before being able to turn a property into a rental including zoning regulations, HUD guidelines, occupancy laws, landlord and tenant ordinances, and other laws that could impact property management in Charleston.
  3. Hire Property Management- One of the most important things an investor can do when expanding into new communities is hire a company that handles property management in Charleston. Property management companies have the resources and knowledge needed about the communities around Charleston to know exactly the best way to rent and manage your single-family rental investments. Property management in Charleston can give your rental business the professional edge you’ll need to be successful.

In addition to your property management team, investors need to have accountants, lawyers, and other staff to ensure their business interests are best protected. Advisors will help investors understand when their resources are stretched or able to expand, as well as help, understand your risk and return on investment strategies.

If you’re ready to add property management to your team, call Scott Properties at 843-790-4929.