![]() In fact, about 13% of every dollar of rent is spent on maintenance annually. One of the highest costs for property investors is maintenance. If you have great maintenance, you are more likely to keep residents happy and staying put, which reduces the costs of constantly having to find new residents to fill units. ![]() Investors care about satisfaction because it impacts renewal rates, reduces churn, and improves online reputation, which can improve new resident signups. However, Ray highlights two key reasons why investors benefit from better property maintenance. Residents want and expect those things to be fixed ASAP.įor investors, property maintenance is expensive, and it’s tough to find the right people to do the job. No one wants to be left with broken appliances, faulty plumbing, or a leaky roof. The benefit of good maintenance for residents is clear. The benefits of property maintenance for investors Their goal is to simplify and systematize the maintenance process. In fact, it was this very thing that persuaded Ray and his co-founder to start Property Meld. That’s why he believes that fast and effective maintenance responses should come as standard for residents.Īpart from rent increases, negative maintenance experiences are one of the top drivers of people deciding not to renew their leases. In Ray’s eyes, the primary benefit of renting a place is that you get to avoid the worst part of homeownership – the maintenance. Maintenance in the property management world can be time-consuming, tough to organize quickly, and expensive. Keep reading to learn more or tune in to the full podcast here. But Ray says we shouldn’t forget about other audiences too, such as maintenance team members, vendors, and investors who are key to keeping the property investment industry going. Residents are, of course, one of the most important audiences to consider when trying to improve the customer experience at your properties. Ray explains why he and his co-founder decided to start Property Meld after dealing with negative maintenance experiences as renters. ![]() In episode two of the new season of The Top Floor, we spoke with Ray Hespen, CEO & Co-Founder of Property Meld, about the importance of property maintenance and what residents now expect from leasing agents. And not having a proper maintenance strategy creates a ripple effect across the whole business. Call or email All County® today our team of experts looks forward to answering your questions and to work to earn your business.Managing rentals, renewals, and prospects is only part of property management. If you are a rental property owner looking to maximize profits, minimize expenses and gain peace of mind, All-County Northeast Ohio is your rental property management solution. We respond to our renters’ needs quickly and efficiently, and we take pride in all that we do. Tenants are also provided with easy rent payment options. Our automated processes make it easy for our clients to view accounting reports, track formal inspections and to follow the maintenance resolution process. We honor our commitment to both our clients and to our residences. After years of working in his position as a property owner, Roy was motivated to take on the challenge of elevating the rental property management industry for the Greater Cleveland area and the towns of Cleveland, Akron, Canton, and Youngstown. Our franchise owner, Roy Guy, comes from the rental property industry, he has firsthand knowledge of the struggles faced by investors. The management team at All County® NEO is backed by over 20 years of experience in managing multifamily housing properties (apartments and townhouses) and single family residences. ![]() We serve the areas of Cleveland OH, Akron OH, Canton OH, and Youngstown OH. All County® NEO Property Management is an experienced rental property management company committed to adding significant value to your investment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |