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Best Practices For Managing Tenant Relations | Property Management Company In Charleston SC

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

Effective tenant relations are a crucial aspect of your business as a property management company in Charleston, SC. Maintaining good communication, being proactive, showing empathy and respect, setting clear expectations, and being flexible are some of the best practices for managing tenant relations. These practices can help you improve tenant satisfaction, reduce tenant turnover, and ultimately increase your profits as a rental property management company.

Communication is Key | Property Management Company In Charleston SC

One critical element of effective tenant relations is good communication. A property management company in Charleston, SC, must be available to address their tenants’ concerns and respond promptly to their requests. Regular communication through newsletters, emails, or phone calls can keep your tenants informed about any changes in the property or rental agreements, preventing misunderstandings and disputes.

Be Proactive

Being proactive is also essential to avoid disputes with tenants. A property management company in Charleston, SC, should regularly inspect their rental properties to identify and address any maintenance issues promptly. Regular maintenance and upkeep can help increase tenant satisfaction, reduce tenant turnover, and improve a rental property management company’s reputation.

Show Respect and Empathy | Property Management Company In Charleston SC

Showing respect and empathy towards your tenants is critical in building a positive tenant relationship. A property management company in Charleston, SC, should always listen to its tenants’ concerns and work with them to solve their issues. Empathy and understanding can help you avoid potential conflicts and disputes.

Set Clear Expectations

Setting clear expectations is essential to successful tenant relations. You should have a comprehensive rental agreement that covers all the necessary details, including payment schedules, lease terms, and tenant responsibilities. Clarifying any ambiguities or misunderstandings can help prevent disputes, ensuring a positive relationship with your tenants.

Be Flexible | Property Management Company In Charleston SC

Being flexible is also important in rental property management. While it’s critical to maintain consistency in your rental policies, understanding your tenants’ unique circumstances can help you maintain positive tenant relations and reduce the risk of eviction. For example, if you have a good tenant who has lost their job, why not work with them to find a win-win solution rather than evict them?

Maintain Transparency

Maintaining transparency is another essential best practice for managing tenant relations. Transparency in communication and decision-making can help build trust with your tenants, leading to a positive and long-lasting tenant relationship. Be transparent about any changes in the rental agreement, property policies, and rental rates. Similarly, providing your tenants with regular updates on maintenance issues, repairs, and renovations can help them feel more involved in the property’s management. By being transparent, you can foster a sense of mutual respect and faith between you and your tenants, leading to a better tenant experience overall.

Effective Tenant Relations are Critical to the Success of a Property Management Company in Charleston, SC

These best practices can build and maintain positive tenant relationships, improve tenant satisfaction, reduce tenant turnover, and ultimately increase your rental property management profits.

Scott Properties of Charleston provides exceptional rental property management services to ensure tenants’ satisfaction. We understand that a positive tenant relationship is essential to the success of our business, and we go above and beyond to provide exceptional customer service. Scott Properties Charleston maintains open and transparent communication with tenants, promptly addresses their concerns, and regularly inspects and maintains their rented properties. We adhere to a high level of professionalism, reliability, and accountability, ensuring our clients and tenants receive the best services.

Contact us today!

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Top 4 Rental Features That Attract Tenants | Property Management Company In Charleston

Author: MediaBeast
Categories: Property management companies in Charleston,Rental Property Management in Charleston
property management company in Charleston

Key Takeaways:

  • Before putting up your house for rent in Charleston, ensure it meets potential tenants’ requirements.
  • By installing features that make your rental property more attractive, you can earn higher rent and attract better tenants.
  • Provide ample storage space, equip your kitchen with functional appliances, upgrade fixtures, and allow plenty of natural light to enter the property.
  • A professional and experienced property management company in Charleston can help you get the best returns on your investments and ensure that all aspects of your rental are taken care of.
  • Scott Properties Charleston is a trusted name in property management, offering quality services at competitive prices.
  • We understand the local rental market and work closely with our clients to ensure reliable tenants occupy their rentals and provide them with the maximum rental income potential.

 

A professional property management company in Charleston, SC, knows how important it is for property owners to maximize their rental property’s profitability. And what better way to do that than by ensuring your house for rent in Charleston stands out above the rest?

Whether you’re a property owner or investor-landlord, you can use various features to ensure your rental meets the needs of today’s tenants. While some of these features come with a cost, they can certainly be worth the extra expense in attracting more tenants and increasing your rental’s ROI. It will also help you keep your tenants happy and reduce turnover rates.

If you need help managing your property, Scott Properties Charleston is here to help! We are an experienced property management company in Charleston and understand the ins and outs of the rental market. Our team knows what tenants are looking for and can help you provide the features they need to make your rental more attractive. Our services include tenant screening, rent collection, marketing, maintenance and repair, property inspections, and more. We also provide an online property management tool to make managing your rental easy.

Whether you own just one rental unit or multiple rentals, our property management company in Charleston can help you get the best returns on your investments and ensure that your rental is taken care of.

Let’s look at the top four features that can make your rental property more attractive and increase its value to potential tenants.

1. Ample Storage Space | Property Management Company In Charleston

A house for rent offering plenty of storage space will always be desirable for tenants over a cramped apartment. Storage space can range from attics and basements to closets and cabinets. Adding extra shelving or storage compartments in the bedroom, bathroom, and kitchen can also be a great way to increase the value of your rental property and keep tenants happy.

Suppose you cannot afford to add additional storage space to your property. In that case, you can always maximize existing space by providing organizational solutions like wall-mounted shelves and racks. It will allow your tenants to maximize their storage space without taking away from the house’s aesthetics. You can also provide organizational bins and baskets for items like towels, linens, and toiletries that can help make life easier for your tenants.

2. Good Natural Light

Imagine living in a house with insufficient natural light. It would be pretty depressing! If your rental property does not have enough windows to let in plenty of natural light, it is advisable to install extra windows or skylights.

Natural light has many health benefits and can help your tenants feel energized and happy. Furthermore, tenants will appreciate saving electricity bills by relying on natural light. And if you are worried about privacy, consider installing frosted or tinted windows to keep the interiors of your rental property private while still bringing in plenty of natural light.

Finally, make sure to keep the windows clean and in good condition. If tenants can’t open or close the windows, they may not use natural light.

A property management company will inspect and maintain all the windows to keep them functioning properly. If repairs are needed, they will be taken care of promptly so your tenants can enjoy the benefits of plenty of natural light.

3. Well-Equipped Kitchen

A functional kitchen with modern appliances and plenty of counter space attracts most tenants when searching for a house for rent. If your kitchen is old, outdated, and inefficient, chances are high that it won’t attract the right tenants.

What you can do:

Install new appliances, such as a refrigerator and stove. Ensure your kitchen has all the necessary utensils, dishes, pots, and pans. Address plumbing issues and replace any broken or outdated cabinets.

Make sure that your kitchen has plenty of counter space and lighting fixtures to make it easier for tenants to work in the kitchen. Invest in furniture items, such as a kitchen table and chairs, to make it more inviting. Finally, paint your kitchen in a warm, inviting color to make it more attractive.

If repairs or replacements are still required even after upgrades, your property management company can help you ensure that your kitchen is up to code and in top condition for your tenants.

4. Upgraded Fixtures | Property Management Company In Charleston

Fixtures can make a house look beautiful and well put together. Invest in high-end fixtures such as faucets, knobs, and cabinet hardware. It will add a touch of elegance to your kitchen while also providing a more modern look.

You can replace the bathroom showerhead, sink faucet, and toilet or install a new vanity and mirror. Make sure your new fixtures complement the existing decor and color scheme.

Additionally, updating the light fixtures or additional lighting in darker areas of the room can make an impact. Your tenants will appreciate the modern touches and comfortable feel these upgrades provide. These renovations can help your rental property stand out and attract prospective tenants.

To avoid tackling these projects, consider hiring a property management company in Charleston to look after your rental property. They will ensure every detail is taken care of and the finished work is of the highest quality.

Let the Top Property Management Company in Charleston Manage Your Rentals

Scott Properties Charleston specializes in property management for residential properties. We have extensive experience in the local rental market and offer comprehensive services to help maximize your rental income. Our property managers are knowledgeable, friendly, and always available to answer your questions.

Our services include tenant screening and selection, rent collection and bookkeeping, maintenance planning and scheduling, responding to tenant inquiries and requests, and more. We understand the importance of keeping tenants happy and satisfied and ensuring your property is being cared for and well-maintained. Our experts will give you peace of mind that your rental property is managed professionally and efficiently.

Contact us to get your house for rent in Charleston listed on the market today!

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5 Benefits Of Working With A Property Management Company | Property Management Company In Charleston

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

Key Takeaways:

  • Managing a rental property can be overwhelming, especially in a large city like Charleston.
  • Keeping up with local rental market trends, tenant laws, and property maintenance tasks can be challenging.
  • Proper tenant screening, lease compliance, and rent collection can also be challenging.
  • Working with an experienced property management company in Charleston can help you avoid all the hassles of owning and renting a property.
  • Scott Properties Charleston provides professional tenant screening, lease enforcement, and rent collection and eviction services to help protect your rental investments.
  • We also offer professional marketing and advertising for your rental property in the Charleston area and help ensure higher tenant retention rates.

 

Whether you want to rent your property or make it a more profitable venture, working with a professional property management company in Charleston can be highly beneficial. After all, navigating the local rental market, managing tenants, and keeping up with maintenance can be time-consuming and stressful. Plus, the laws of South Carolina landlords and tenants can be complex. One wrong move can lead to costly legal fees and damage your reputation as a reliable landlord.

That said, some property owners choose to forgo working with a professional property management company and do it alone. They often face difficulty finding qualified tenants, keeping up with maintenance, and staying on top of the ever-changing rental laws in South Carolina.

Sometimes, the tenants can become problematic and fail to pay rent on time or cause property damage. Additionally, managing rental properties can be time-consuming and affect other aspects of running a successful business.

On the other hand, property owners who work with a property management company enjoy various benefits. In this blog post, we will look at five of the top advantages.

1. Professional Tenant Screening | Property Management Company In Charleston

Professional property managers have the knowledge and experience to ensure that only qualified applicants can access a rental unit. This includes conducting credit checks, criminal background checks, employment verifications, and previous rental history checks. These experts also understand the importance of establishing an effective rental agreement to avoid legal issues.

In addition to protecting the landlord from irresponsible tenants, professional property managers can help attract reliable renters who are more likely to pay their rent on time. They also handle tenant complaints and disputes, ensuring that the landlord-tenant relationship is kept in good standing.

2. Improved Rental Rates

Experienced property managers can help set appropriate rental rates and optimize returns for single-family homes or multi-unit properties. They use their knowledge and expertise to price rental units based on current market conditions and the area’s rental rate trends, so landlords can be sure they are getting the highest return on their investment.

Property managers can also provide valuable insights into amenities tenants seek, suggest improvements or upgrades, and attract higher-paying renters. They also monitor the local market to ensure rental rates are competitive with similar properties. They can adjust rental rates to accommodate the current demand if needed.

3. Higher Tenant Retention Rate

Keeping the tenants happy is crucial for the landlords, so they stay in the rental unit for an extended period. However, keeping track of tenant satisfaction and needs can be challenging, considering the diverse range of individuals occupying the rental property. And when tenants do decide to move out, it can be quite costly to find replacement renters.

Working with a professional property management company in Charleston can help avoid tenant turnover and ensure that tenants remain satisfied. Experienced property managers regularly inspect the rental property, promptly address tenant complaints or requests, and coordinate repairs. They also act as a mediator between landlords and tenants to ensure that both parties know their rights and responsibilities.

It can be beneficial for those who own rental properties in multiple areas. A property management company in Charleston can oversee all rental units and ensure they run smoothly.

4. Consistent Rent Collection and Eviction

It might seem easy to collect the rent each month and let tenants take care of themselves, but this is not always true. Sometimes, tenants forget to pay their rent or become delinquent in payments.

A property management company in Charleston can help manage rent collection and ensure landlords are consistently paid on time. Additionally, they can assist with eviction, one of the least favored tasks of being a landlord.

Property managers make collection calls when the rent is late and begin the eviction filing process if necessary. They will also help landlords understand and comply with all applicable laws when carrying out the eviction process and charge the tenants for any court-related fees that may be incurred.

5. Effective Marketing and Advertising | Property Management Company In Charleston

Having a reliable and knowledgeable property management company in Charleston can also give landlords a leg up when marketing and advertising their rental properties. They can help by creating attractive and effective online listings to attract potential tenants.

In addition, property managers often have relationships with local real estate agents, which allows them to access a large pool of potential renters. They can also manage any advertising campaigns for the property and monitor their results to ensure maximum return on investment.

Work with the Most Trusted Property Management Company in Charleston

Scott Properties Charleston provides turn-key property management solutions to landlords throughout the Charleston area. We have extensive local rental market experience and a proven track record of success.

Our team provides all the services needed to keep your rental property running smoothly, from marketing and tenant screening to maintenance and rent collections. We make sure that your tenants have the best experience possible so that you can maximize your investment return and grow your rental portfolio.

We understand that your rental property is a valuable asset and strive to ensure it is protected and well-maintained. Our team performs thorough property evaluations to catch any potential issues before they become a problem, and we put preventive measures in place to keep your rental in top shape.

So, contact our expert property managers today and let us handle the hard work of managing your rental property and earning you a great return on your investment.

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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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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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What You Need to Know About Rental Income and Taxes | Property Management Companies in Charleston Sc

Author: MediaBeast
Categories: charleston property management,Charleston Property Management Companies
property management companies in charleston sc

Taxes are complicated for everyone, but investors with rental homes have a lot to account for that can make tax time confusing. Luckily, Property management companies in Charleston SC can help ease the burden on investors. While these companies cannot file your taxes for you, property managers provide a lot of administrative services to clients that will help your accountant get the best tax outcomes. 

What is Rental Income?

The IRS defines rental income as any payment received for the use or occupation of a property. These payments include:

  • Rent payments
  • Advance payments
  • Nonreturned security deposits
  • Cancellation fees charged to the renter
  • Lease violation fees charged to the renter
  • Services received in lieu of rent

The IRS treats rental income similarly to how they treat independent contractors, sole proprietors, and small business owners. You will pay taxes at the same rate as your income tax bracket; however, investors are able to claim many deductions to reduce the taxes they owe. 

Deductions Rental Property Owners Can Make on Taxes

Some of the deductions that rental property owners can make on their income taxes include:

  • Interest on the mortgage or loans
  • Property taxes
  • Updates, renovations, repairs
  • Utility expenses
  • Homeowners insurance
  • Advertising costs
  • Fees for property management
  • Maintenance fees
  • Cleaning fees
  • Vendor fees
  • HOA or condominium fees
  • Deductions for depreciation

One of the best things rental property companies in Charleston SC can do for their clients is provide monthly financial statements, year-end statements, and other information owners can use to make tax filing smooth and efficient.

When you use property management companies in Charleston SC your rental income is passive which means any loss relating to your rental investments can offset income you have from other sources. This could lower your tax bill. 

Investors need to report their rental income on a Form 1040 or 1040-SR and Schedule E, Supplemental Income and Loss. If you have questions about some of the boxes you will have to fill in on these forms your property manager can help you know where to look to find the answers!

If you are ready to explore a partnership with a top property management company, call Scott Properties of Charleston at 843-202-4274.

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Are Property Management Companies a Scam? | Property Management Companies in Charleston SC

Author: MediaBeast
Categories: charleston property management,Charleston Property Management Companies,Property management companies in Charleston
Property management company in North Charleston

Property management companies in Charleston Sc have heard it plenty of times—property management companies are scam, aren’t they? Property owners are sometimes nervous about hiring someone else to manage their properties; after all, being a landlord is easy, right? 

Investors who are buying their first homes for rent and have never worked with property management companies in Charleston SC may not see the benefits that come with hiring a property manager; however, these companies are definitely not scams. While hiring property management may be another investment to make, the return will be worth every penny. 

What Do Property Management Companies in Charleston SC Do?

Landlords must wear lots of hats from maintenance to marketing, leasing, and even legal proceedings. One of the top things a property management company will do for you is take all the weight of these various jobs off your shoulders and hand them off to the experts in those areas. 

One of the top advantages of using property management companies in Charleston SC is being able to sit back, relax, and know professionals are keeping your home maintained at a top standard, rent is profitable, and the tenants living in your home are the most qualified.

Some of the most valuable tasks property management companies in Charleston SC handle for clients include:

  • Rent collection
  • Tenant account management 
  • Reporting of property financial, occupancy, leasing, and maintenance status
  • Marketing of the property 
  • Showing potential renters unoccupied properties
  • Leasing 
  • Inspecting properties
  • Handling tenant communications
  • Handling legal matters
  • Handling maintenance requests
  • Investigating complaints and leasing violations
  • Working with vendors
  • Conducting background and credit checks

These tasks take a lot of time to complete and managing properties is a full-time job. Investors typically already have a full-time job or are looking to enjoy retirement in peace. Property manager partnerships can make an investor’s life easier, your homes will build more equity, and residual income is certain. 

If you are ready to explore a partnership with a top property management company, call Scott Properties of Charleston at 843-202-4274.

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Charleston Property Management Companies | Best Place In South Carolina to Buy Rental Property

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

If you have checked out the real estate market in South Carolina, you will see that homes are not on the market for long before a family or young entrepreneur has made an offer and is asking for the keys to move in. Investors are clamoring to scoop up single-family homes since the population, especially in the coastal cities, has seen steady growth with no signs of slowing down. Charleston property management companies are fielding phone calls left and right asking questions about the schools, neighborhoods, and amenities ahead of new families moving into town. And while other cities may be experiencing something similar, Charleston has shown itself to be the best place in South Carolina to buy a rental property.

Why Charleston Reigns Supreme for the Rental Market

Charleston has some of the most diverse home options in the state with luxury coastal, beach-front homes, as well as downtown apartments, and single-family suburban homes. The average home value in Charleston is nearly $330,000 which means market rental rates will be high and could turn large profits for investors especially when combined with Charleston property management companies’ services. In fact, rental rates in Charleston have risen by three percent over the last year as incomes and the GDP in Charleston, South Carolina, have increased.

Charleston also has a steadily growing population with more people looking to get away from the big cities and settle down into relaxed, Southern suburban lifestyles. Charleston still embodies the antebellum South and is ranked the number one friendliest city in the United States. Charleston property management companies also get to boast about the premier school system, booming economy, and is home to The Citadel—one of the top military academies in the nation, and The College of Charleston which was voted Most Beautiful College Campus by a renowned travel magazine.

All these factors have led to a population boom as well as college graduates choosing to state and continue renting even after graduation. Many of these recent graduates will be looking to upgrade their lifestyles for more professional living arrangements which is why investors should be purchasing single-family homes to rent now before property prices increase even more.

If you are looking for professional property managers to help you make the most of your rental property investments, call Scott Properties at 843-790-4929.

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Property Management Company in Charleston | How to Make Sure Tenants Pay Rent on Time

Author: Scott Wallace
Categories: Rental Property Management in Charleston,Scott Properties
Property Management Company in Charleston

Even the best property management company in Charleston can struggle to make sure tenants pay their rent on time each month. Getting rent payments on time is one of the most important tasks a property manager must perform for owners. When a property manager is consistently depositing rents late, the owner can have a large financial burden and the property manager may end up losing their job as a result.

There are a few ways that every property management company in Charleston can help to ensure rent is paid on time each month.

  1. Rent Is Clear- Your lease needs to clearly say the rental amount and when it is due, as well as any grace periods offered.
  2. Screen Tenants- Your tenants should have an income of three times the rent amount to be able to afford living there. When you are screening tenants request at least three back paystubs and make sure to verify by calling the employer. You should also consider the amount of time they have been employed by their current job.
  3. Online Rent Portal- When a property management company in Charleston can offer tenants online rent payments, they are more likely to be paid on time because of the ease and convenience. Online tenant portals can also be set up to deliver maintenance requests, communicate with the property manager, and receive notifications about events, neighborhood alerts and more.
  4. Reminders- When a tenant is a day late, make sure to send them a friendly reminder. If the office is going to be closed the day rent is due, or for a long holiday weekend, make sure a drop box is available for rent payments. Reminders can be sent via text, email, or through the online rent portal. However, a paper copy that is signed and dated by the property management company in Charleston also needs to be delivered.

If you are tired of dealing with late rent and tenants that do not pay consistently, call Scott Properties in Charleston and see how we can help manage your rental properties at 843-790-4929.