October 27, 2009

Why Owners should hire a Property Management Company


Why, you ask, should you hire a property management company? Well, we hope that some of what we say hits home for you, and if it’s a nice fit, be sure to check out a property manager in your area today!

There are many cases we come across… Some owners cannot sell their home and are losing money from their investment, some others may live out-of-state or out-of-country, some may have simply inherited a home and do not even know where to begin, or sometimes owners just don’t want to stress over how to find a qualified tenant with good credit and who will pay rent on time. In any of these cases, and so many more situations, a qualified property management company can help! 

CANNOT SELL
If you’re trying to sell your home and it has been sitting on the market for days or MONTHS without a bite…at least by putting it up for rent and aiming to place a well-qualified tenant, you can generate income for your residential investment while you wait for a better selling-market. Perhaps this will merely be a good source of additional income for you, and you can sell it in the future when its price may generate the kind of sale one would have expected from an investment property in the first place.


OUT OF THE AREA
Our out of area owners may not have the time nor the expertise regarding all of the rental details, so proper property management is very important for our clients. Some of our owners are out of the area, some out of state, and even some live out of the country. We’re here, in town, and can keep a watchful eye on the property for you! Tenants will pay the rent directly to us, and call us in cases of an emergency. No more late night phone calls about a leaking toilet! That’s what we’re here for…24/7! 


FIGURING OUT WHERE TO START
It can be overwhelming to try to rent out your home, and we’re here to help! As an expert in the field, this is our full-time job and we are happy to be of assistance. If you don’t even know where to begin or what price to put your property on the market for, why not hire someone who is professionally trained with the knowledge?! With so many changing laws, we’re here to guide those owners who don’t even know where to begin. Honestly, would you attempt to put a new roof on your house if you didn’t have the technical ability? The same goes for property management – and if you don’t know where to begin, please consider hiring a professional who can take care of the daily maintenance and upkeep of the property while suggesting work repairs when the tenants need help. If you are an owner who already knows where to start, please remember, before you place a tenant, the property needs to be in good condition. If you need ideas about how to do this, or vendors to call, you can also be sure to set up a consultation for us to come out and look at the property to give ideas of how to make the condition ready for move-in. 


FINDING THE RIGHT TENANT
Some owners may ask, why would I hire a property management company when I can handle the day-to-day management all by myself? When you know the maintenance you already need, and you know the amount you want to rent your home for, you may still be stumped on how to find the perfect tenant for you! As property managers, we can help verify that the proper tenant we place will be qualified to live at your property.  If you can handle the actual management of your home yourself but need help finding a resident, we have a Leasing Service that may just fit your needs! We would market and advertise for you in the places tenants tend to look the most, using our tools on Craigslist and our own website. We would meet the prospective tenants at the property to show them the unit. They wouldn’t only need to qualify based on what you, the owner, are looking for – but they would also need to qualify through our management company’s requirements too! We would diligently verify their income and credit history to better ensure that the tenant will pay their rent on time, while also calling their current and previous landlords to see what kind of residents they had been in the past. Once that was complete, we would also take care of the lease signing, as well as the initial collection of the security deposit and first month’s rent. So, even if you can handle everything else yourself, you may want to consider a company like ours who would help place a tenant for you!


These are just some of the reasons people decide to hire property management companies, and as with anything, each property management company you come across may differ. However, if you’re in Marin and think PRANDI might be right for you, please be sure to call our office to set up a consultation today. You don’t need to agree to anything at the moment, but maybe you just have some questions and want to make sure your ideas are heading in the right direction, and we can help there too.

Our company is constantly staying up-to-date with current laws, and while working closely with our real estate lawyer, we’re sure to do everything by the letter of the law. If you need legal action, or you are having a problem with a tenant not paying on-time, because we are so informed with the tenancy and landlord laws, if you hire us, we can make sure you get the property management you deserve!

Whether PRANDI works for you or not, be sure when looking into a company that may fit your needs, that you hire a well-qualified team to manage your property. While we, of course, recommend ourselves…the deciding factors may fall on the service prices charged for your property and how you and the management company work together. Be sure to chose a reliable company who has managed a similar property to yours before and who you know you can trust.

By having a reliable property agent, our owners can stay tension and worry free while getting some extra income for their investment real estate.

Check out our website today if you’re interested in learning more!
www.prandiprop.com

September 16, 2009

What is Property Management?

What is Property Management?

Property Management is not just collecting the rents.

There are so many things that a Full Service Property Management Company does besides just collecting the rents.

Here are just some of the things we in the world of property management do but believe me when I type that we do a lot more.................
Rent collection

Provide/supervise maintenance
Payment of all bills/mortgages
Monthly computerized statements
Creative advertising/marketing vacancies
Thorough verification/credit screening
Assist/supervise resident managers
Retain legal services (at owner's cost)
Advise of competitive rental/lease rates
7 days a week and 24 hours a day emergency availability
Take care of tenant complaints
Annual Walk through
Property Management is not an easy job. It takes a lot of attention to detail, patience, continued education, keeping up with the laws and ordinances both locally, state wide and nationally.
Keeping up with Technology is also very important.
Property Management Companies should hire employees and not independent contractors and the owner of the Property Management company should be always thinking ahead, insist on all employees taking Fair Housing Training, workshops, getting designations in property management, keeping up with technology and laws individually as well as company wide.
Everyone should find their Niche. Mine has been property management for 27 years starting out as a receptionist and doing anything and everything to learn the business and 22 years ago purchasing the company from the owners at the time.
I have never been bored and each day is a "Never a dull moment day"
Signing off for now with my first official blog..............
Melissa Prandi, MPM
PRANDI Property Management, Inc. CRMC
Author of "The Unofficial Guide to Managing Rental Property"
email: prandiprop@aol.com
415 482-9988 ext. 203
http://www.prandiprop.com/

September 10, 2009

About Us

PRANDI Property Management is centrally located in Marin County and locally owned. Established in 1978, we serve a growing need for professional property management that specializes in residential properties only.

We provide unlimited service to investment property owners. Our strengths are in real estate management, leasing, contract administration and accounting. PRANDI Property Management delivers prompt and reliable service to owners and other professionals who serve owners (e.g. accountants, attorneys, auditors, brokers, contractors, vendors, et al.).

We are constantly subscribing to, attending or teaching real estate seminars, national conventions, associations, and professional publications in order to stay up-to-date with the ever-changing legislation, liabilities, rules and regulations pertaining to property owners' and tenants' rights.

PRANDI Property Management is owned by Melissa Prandi, MPM who is a Marin County native. Melissa has over 27 years experience in residential property management. She is actively involved in the community and was voted the Corte Madera 1992 Business Citizen of the Year, as well as being the former President of the Corte Madera Chamber of Commerce. Melissa is the daughter of the late Charles T. Prandi, the retired Sheriff of Marin County. It is because of Melissa's honesty, integrity, knowledge and enthusiasm, along with her simple philosophy to "minimize expenses and maximize profits" that has made us a prudent, successful and trusted company.

We provide the following services for residential property owners:
  • Monthly Management Service
  • One-Time Rental/ Leasing Service
  • Consultation

To determine which service is right for you, please read the detailed description of our three services on our website: www.prandiprop.com. You can also find out more about our company there!