What do property management companies do?

Holland Properties • August 17, 2022

Deciding to use a property management company is something that homeowners need to contemplate when they convert their home into an investment rental property.

After finishing reading this article you will be able to answer the following questions

What do property management companies do?
Do I need a property management company?
When should I hire a property manager?

Property Management companies help with all the details that arise when having a property for business. This means, they have updates on new laws, they help to determine how much money you should advertise your property for, how long a lease should be, as well as dealing with the difficult part of screening tenants, and solving maintenance issues, hopefully, all while keeping you satisfied with your monthly profit.

There are owners who start their business themselves but when they receive 10-12 applications they realize that they do not have any experience on how to screen them. This can take a lot of time and effort as well as introduce a ton of stress because they want the right people living at their house.

Dealing with emergencies can be very frustrating because you need the right vendor to go out and solve them, this is another thing that will be very time-consuming for one person.

Having Property Management might not be cheap, that is true. It is, however, certainly better to share 8% to 10% from a “safe” business than not generating any profit at all.

So, When should you consider hiring a property management company?

When you have a lot of properties or rental units

Rapid response is the key to this business and when you have a full team that is available to solve every tenant request, success is guaranteed.

When overseas

Having specialized people in the area will provide you with better results by renting your property faster, finding you great vendors with a sense of urgency, and helping you to collect rent.

Your time is limited

Managing a property can be hard, but managing 10 properties is a real challenge. If you do not have the time to learn new rules, get new leases signed, send violations, deal with HOAs, etc, then having a property manager is the best thing since they are responsible for all the things listed above saving you a huge amount of time.

When you have too many maintenance requests

Partnering up with a property management company guarantees you certified vendors who have proved they are effective and timely.

You want to be an investor and enjoy your time

When managing properties you have to be available at all times, this means holidays, special events, or dates. If you are not willing to give up on this, then you must have a property manager by your side.

We are a property management company based in Oregon. We specialize in homes, condominiums, townhomes, and small multi-family homes on the west side of the Portland Metro area including Hillsboro, Beaverton Cornelius, Tigard, Tualatin and others Since operating in Hillsboro for more than 2 decades; we are very familiar with the various neighborhoods.

Give yourself a break, it is time to work with a great team!

-Holland Properties-

503-533-2121 ─ ext. 51 main@hollandprop.com sales@hollandprop.com

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What to Look for in a Property Management Company

By Holland Properties • July 1, 2024

When choosing a property management company, there are several key factors to consider to ensure your investment yields steady income and maintains its value. The right property management company can significantly impact your returns, tenant satisfaction, and overall property condition. Here’s what to look for: 1. Local Knowledge and Expertise Understanding the real estate market requires extensive local knowledge. A top-tier property management company should have a thorough understanding of the distinct characteristics of the local area. 2. Optimizing Revenue Innovative marketing techniques to minimize vacancies and ensure properties are leased swiftly are essential. This includes professional photography, virtual tours, and targeted online advertising to attract a broad pool of potential tenants. 3. Comprehensive Property Care Maintaining your property in excellent condition is vital for preserving its value and attractiveness. Look for a property management company that oversees all aspects of property upkeep, from regular property reviews to urgent repairs. This proactive approach helps identify and address minor issues before they become major problems, saving you money in the long run. 4. Legal Expertise and Compliance This includes everything from fair housing regulations and lease agreements to health and safety standards. By managing all legal matters, the property management company safeguards your investment and provides reassurance. This expertise is crucial in avoiding legal pitfalls that can result in costly fines or litigation, ensuring that your property operations run smoothly and within the bounds of the law. 5. Clear and Effective Communication Effective communication is essential for successful property management. A reputable company will keep you informed about your property's performance and any maintenance concerns. Regular financial reports and availability to address your questions give you confidence that your investment is well-managed. 6. Technology-Driven Approach Advanced software solutions streamline everything from tenant screening to maintenance requests, ensuring efficient and effective management. Using technology to serve you and provide better access to the information you need to know keeps you informed and involved every step of the way. 7. Commitment to Success and Integrity A commitment to your success and integrity in property management should be at the core of any company you choose. Transparency is crucial; you need a team that keeps you fully informed and owns the outcome of their actions. Look for a property management company that prioritizes honest communication, accountability, and a dedication to maintaining the highest standards in all their dealings. 8. Solid Guarantees Solid guarantees are a testament to a property management company's confidence in their services and their commitment to your success. Look for companies that offer clear and robust guarantees to provide peace of mind and assurance that your investment is in capable hands. These guarantees might include rent collection guarantees, maintenance response time guarantees, and tenant placement guarantees. Such assurances demonstrate the company's dedication to delivering consistent, high-quality service and their confidence in meeting your expectations. Why Holland Properties, Inc? At Holland Properties, Inc., we exemplify all these qualities and more. Serving the desirable Portland metro area, including Hillsboro, Beaverton, Aloha, and Tigard, we are the highest-ranked property management company in the region thanks to our unmatched local expertise and comprehensive services. Our leaders are investors themselves, ensuring a deep understanding of your needs. Our commitment to success, integrity, and transparency ensures your investments are competitive and well-maintained. Contact us today to discover how we can help you achieve your real estate investment goals. 503-533-2121 main@hollandprop.com

5 key benefits of hiring a property management company

By Holland Properties • February 12, 2024

When considering the management of rental properties in Oregon, especially for property investors who might not have the time or expertise to manage properties themselves, hiring a property management company can provide several key benefits. Here are five significant advantages tailored specifically for property investors: 1. Local Market Expertise A property management company based in Oregon, particularly one familiar with the greater Portland area including Beaverton and Hillsboro, brings invaluable local market expertise. This knowledge is crucial for setting competitive rental rates, understanding local laws and regulations, and effectively marketing your property. Holland Properties, Inc., with its deep understanding of the local market dynamics, can help you maximize your investment's profitability while ensuring compliance with all local ordinances and state laws. 2. Efficient Tenant Placement and Management Finding the right tenants is fundamental to the success of your rental investment. A reputable property management company has the resources and processes in place to screen tenants thoroughly, ensuring you have reliable tenants who pay on time, take care of your property, and generally cause fewer problems. Holland Properties, Inc. offers comprehensive tenant management services, including rigorous screening processes, lease negotiations, and tenant communications, which can save you time and reduce the risk of rental income loss.