A business shouldn’t have to be a gamble. Yes, you’ll encounter surprises along the way; that is the nature of both life and entrepreneurship. However, there are certain guarantees that you should count on from your Arlington property management company to counter the hiccups and the train crash alike.
A full-service property management company shouldn’t function simply as a rent collection machine; there’s a standard of service—and excellence—that you should expect before deciding to work with one. Picking the right property manager can mean the difference between never having to lift a finger and running around helplessly when something goes wrong.
At Renters Warehouse DC/NOVA, we understand that to provide peace of mind, you need to back up what you say you'll do with some guarantees.
Look for Eviction Protection
While we're proud of our eviction rate in the Arlington area (it's less than 1%), we know that even the best-laid plans can go awry. If for some reason one of your renters must be removed from your rental property, you shouldn't have to be responsible for figuring out what comes next when your life is already busy enough.
Under our eviction protection plan, we handle the more 'dramatic' elements of eviction, such as:
- Managing all paperwork, documentation, inspections, and legal filings.
- Meeting with local law enforcement to serve papers on your behalf.
- Making trips to court to keep the eviction process flowing smoothly.
- Covering any associated court and filing fees (up to $800) for investors.
Consider how personal an eviction can become: A renter might think that you have something against them; some sort of personal vendetta if you handle the eviction personally. The less involved you are in eviction matters, the more peace of mind you can experience as a property owner.
Property owners often find themselves embroiled in legal and even personal conflicts with renters as a result of evictions. This is why it's crucial to look for an Arlington property management partner that offers this kind of protection or guarantee.
Look for Guaranteed Rental Payments
There’s nothing worse than spending the funds necessary to successfully turn a property for new renters only to discover that those renters are no longer paying rent midway through the lease. How are you going to budget appropriately as an investor if you don’t know whether or not you'll have the funds you need to maintain your portfolio?
At Renters Warehouse DC/NOVA, we cover you if your renter defaults on their payments with our gold-standard Rent Default Insurance. Our investors have peace of mind knowing that even if a renter stops paying rent, your insurance steps in to help you pay for your rental property's taxes, mortgage, or critical maintenance costs on time.
If your Arlington property management company can’t guarantee rent in your hand on time, you need to find someone who can.
Look for a Commitment to Service
Poor management steals money and time from you as a property owner: if you’re paying someone to manage a property for you and they’re neglecting this responsibility, you're essentially paying someone for nothing.
The best property management services ensure you get paid on time; the right property manager won’t waste a second when finding you the right renter. However, they also won't sacrifice the quality of the renter they find and place for you.
We’ve all heard people say that 'The customer is always right.' Well, in this case, you’re the customer—and your happiness is of supreme importance. You want a company that not only has the confidence to promise you good results but one that makes your satisfaction a priority.
Top-tier property managers are accountable for their actions—and they’re willing to make things right should you feel disappointed. That's why we offer our Certified Tenant Match & Warranty.
If we choose a renter that ends a lease early, this coverage protects you if a renter defaults for any reason up to nine months:
- We handle your property marketing—including outreach through hundreds of websites (a $400/month value)
- We find a new, high-quality renter for your Arlington rental property for free—with no additional fees.
We guarantee our work and keep our promise because investors shouldn't stress about a renter living in their property!
Look for Pet Coverage
The best Arlington property management companies know how to cater to every kind of renter. For instance, if you had a renter with a pet, can you rest assured that you won’t have to bear the financial burden of their time spent in your investment property?
What is your property manager's response to pet damage? If you're working with a true professional, they should have some form of policy regarding pet damage: more and more renters report that they have pets every year. You need to know that if you place a renter with a pet in your most valuable asset that you won't be left to pick up the pieces alone financially.
This is why we offer up to $2,000 in pet damage coverage at Renters Warehouse DC/NOVA!
Look for the Best in Property Management
You now know the kind of guarantees you should be looking for from an Arlington property management company. Use this knowledge to vet potential partners, and never be afraid to ask questions: your financial future is on the line!
Remember, you’re not being unreasonable. You deserve to have certainty and enjoy peace of mind once you’ve hired a property manager. These are the kind of standards that every management company should aspire to in the DMV area.
At Renters Warehouse, we're ready to put our guarantees to work for you! Get in touch with us to learn more about how we protect you as a property owner.