All Forum Posts by: Jeff Tanner

@Melanie AdamsAdams   As someone who works in residential property management, I can say when choosing a property management company, it's crucial to consider their experience and expertise in managing similar properties. Additionally, prioritize a company emphasizing effective communication and responsiveness to maintain a smooth landlord-property management relationship.

These are some questions you might ask : What properties do you specialize in managing? What services do you provide, and what are the associated fees? How do you handle tenant screening and selection? How do you handle property maintenance and repairs? What is your communication and reporting process?

Please don't hesitate to contact me. I'm here to help and available to answer any questions you may have.

First, congratulations on building a portfolio of investment properties. Multifamily properties offer economies of scale, higher cash flow, and diversification potential, while single-family rentals provide simplicity, easier management, and potential appreciation. My investors often consider factors like market conditions, financing options, and your ability to handle multiple units before making a decision that aligns with your long-term investment strategy.

As a property management company, managing a well-maintained multifamily property is often more streamlined and efficient than handling multiple single-family homes. The centralized nature of multifamily properties allows for easier oversight, maintenance coordination, and streamlined tenant management, making it a preferred option for efficient property management operations.

Our property management company ensures a thorough tenant placement process by utilizing a scorecard and point system, allowing us to select the most qualified tenants for our rental properties based on objective criteria and evaluation. This approach ensures transparency and fairness in our tenant selection process while minimizing potential risks for property owners.

Hi Mike

@Mike Parker Hi there! My name is Jeff, and I work alongside Lindsay at KeyVest. If you have any questions, I would be more than happy to connect with you and see if I can assist you in any way. I'm based in New Jersey, and our team provides property management services throughout the state. Let me know if there's anything I can do to help! I look forward to connecting. 

The rental market in NJ is thriving despite the high rates. Recently, we rented out a three-bedroom, two-bathroom house for $4200. As a property management company employee, I strongly recommend working with an investor-focused realtor or property management company. Our job involves various responsibilities, such as assisting with property transactions and managing properties, which relieves investors of the added stress. By partnering with us, investors can focus on their core competency- investing. I urge all investors to consider collaborating with a property management company or realtor specializing in investment properties. They can provide valuable insights into local market conditions and help make informed decisions before purchasing an investment property in NJ. Additionally, attending investor-focused networking groups is also a great idea.

As real estate agents, your profession demands various skills and services beyond simply buying and selling homes. Property management is one such service, playing an integral role in our diverse industry. But a question arises - how frequently are you asked to provide these property management services? Share your experiences and thoughts in the comments below on the demand for property management services within your clientele base. Thank you. 

Property management companies typically do not directly make a profit on repairs themselves. The primary source of revenue for property management companies is the management fee.

If any bids lack clarity or you need further information, ask your property management company to contact the contractors for clarification. It's essential to have a complete understanding of what each bid entails.

Ultimately, the goal of a reputable property management company should be to ensure cost-effective and timely repairs for your property, prioritizing your best interests as the property owner. Transparency and open communication with your property management company can help establish a clear understanding of repair costs and prevent potential conflicts of interest.

Hi Michelle, I agree with hiring a PM. I am in the field so I might be biased but I also have clients who came to us after trying the out-of-state property management. 

If you live far away from your property, self-management can be challenging. Regular property visits, attending to emergencies, and addressing tenant concerns may be difficult or impractical. In such cases, a property manager can provide the necessary local presence.

Hiring a property manager allows you to delegate the day-to-day responsibilities of managing your property, such as finding tenants, collecting rent, handling maintenance requests, and dealing with any issues that may arise.

As for referrals, I contact local real estate associations or landlord organizations. They may be able to provide you with a list of reputable property management companies that operate in your location. If you have a question do not hesitate to drop me a line. 

Best of luck!

Hi Curt

My name is Jeff, and I work for KeyVest Property Management. We cover all of Ocean County. I can provide you with information on property management services. 

I can be reached at [email protected] or 732-403-1583. Also, feel free to leave me a message here. 

Thank you, Jeff

Hi Andy 

We do property management in Middlesex County. My company is KeyVest Property Management, and we handle all aspects of property management. We have over ten years of experience managing all types of residential properties. 

I would love to speak with you about your properties. 

Contact: [email protected] or 732.403.1583.

Jeff Tanner