Why Innovative Property Resources is the Best Choice

Why Innovative Property Resources is the Best Choice

Finding the best property management company to look after your valuable investment is a considerable task. Managing rental units involves constant communication, maintenance, accounting functions, marketing, and legal compliance. Thus, having a trusted and experienced team on your side as an owner is the best decision you can make. So, what traits does a great property manager have? Follow along with us below as we reveal why Innovative Property Resources is the local expert you can feel confident in.

1. Unmatched Customer Service and Communication
2. Relevant Law and Compliance Knowledge
3. Extensive Industry Expertise
4. Efficient Maintenance Coordination
5. Transparent and Detailed Real-time Financials
6. Targeted Marketing Strategies
7. Thorough Screening and Quality Tenant Placement
8. Convenient Rent Collection
9. Assistance with Legal Matters
10. Streamlined Evictions

Unmatched Customer Service and Communication

Communication is crucial to any professional or personal relationship. Thus, an essential function of a property manager is to respond to both owners and tenants promptly. Innovative Property Resources focuses solely on property management and maintains a commitment to delivering unparalleled customer service. Whether during regular business hours or through our after-hours emergency line, someone is available 24/7 to look after your property’s needs.

Relevant Law and Compliance Knowledge

Part of being a successful and legal landlord is complying with various federal, state, and local housing laws. That said, it is a daunting task to keep everything running smoothly and ensure proper compliance to avoid fines. So, leaving this responsibility to a trusted property management firm gives owners the peace of mind they deserve. Our team at Innovative Property Resources stays up to date on all relevant requirements and helps owners understand what is needed to rent their property legally.

Extensive Industry Expertise

It is not always easy to hand overall operations of your rental business to a third party. However, there is a big difference between handing it over and handing it over to someone with established expertise. That means thoroughly researching potential management companies is critical to your success. Led by a licensed real estate broker, IPR offers owners a wealth of experience throughout every department, from management to leasing, support staff, and accounting.

Efficient Maintenance Coordination

Maintenance requests will happen, and handling them is one of the main responsibilities of a property manager. Tenants expect to have concerns addressed promptly, and this is essential to a good landlord-tenant relationship. Innovative Property Resources utilizes experienced in-house maintenance technicians and an extensive third-party network of vendors. Thanks to our established vendor relationships, IPR helps to ensure quality work, efficient turnaround, and competitive pricing.

Transparent and Detailed Real-time Financials

A successful investment comes down to the numbers, and detailed financial reports help owners make informed decisions. Therefore, financial transparency is critical. Bay Property Management Group offers monthly and annual statements that include vital information on –

• Cash Flow
• Maintenance Invoices
• Rent Roll
• Delinquency

Using the latest technology, Innovative Property Resources provides owners a convenient Owner Portal. Thus, allowing them to check in on their property’s financials from anywhere at any time. Plus, our in-house accounting team prepares annual statements along with a 1099 to make tax time a breeze.

Targeted Marketing Strategies

A vacant property costs an owner money in the form of lost income potential. Understanding the local competition and demographics in your neighborhood is the key to renting efficiently. Our team at IPR knows the local market and can aggressively and strategically advertise to limit vacancy time. Our listings reach a large tenant pool using all major search engines to fill vacancies in an average of fewer than 30 days.

Thorough Screening and Quality Tenant Placement

Thorough tenant screening is the first and best defense against problem tenants. However, screening tenants and communicating with applicants requires landlords and owners to follow all Fair Housing Laws. Therefore, using the experience of a property manager can help owners avoid discrimination claims and potential problems down the line. Innovative Property Resources uses a standard set of qualifications that include income verification, criminal background check, creditworthiness, rental history, and previous landlord references. Completing these safeguards to choose the best applicant has allowed IPR to boast a less than 1% eviction rate.

Convenient Rent Collection

Today’s renter expects to be able to pay rent conveniently online. Technology has made the rent collection process simple and easy for all parties involved. Tenants can set up automatic payments to never miss a month, while landlords can send rent reminders and quickly assess late fees. Through a streamlined Tenant Portal, Innovative Property Resources helps make rent collection a straightforward process. In addition, modern technology helps IPR efficiently disburse funds to owners through direct deposit or a standard check.

Assistance with Legal Matters

On occasion, and even with the best precautions in place, property owners may face legal matters. Whether it is a tenant dispute, eviction, or paperwork issue, Innovative Property Resources is here to help. With a strong familiarity of both local and state laws, our team drafts a legally sound lease to help protect owners and tenants. In addition, we ensure the completion of compliance items and make sure the property is properly licensed and registered. When it comes to inspections, safety, leasing documents, and mitigating liability, hiring an experienced property manager is your best bet.

Streamlined Evictions

Although no one likes to think about it, sometimes tenants fall behind, or other circumstances leave no choice but to turn to eviction. When that occurs, owners face a long and expensive battle to regain control of their property. Legal eviction proceedings require specific notices to be issued and a set timeline of events to adhere to. For owners unfamiliar with the law or process, their efforts may actually hinder proceedings. That is where Bay Property Management comes in! Our team has an established standard practice to handle late rent and work with tenants whenever possible. If eviction is the only answer, we can guide owners through every step of the process.

Choose the Best Manager for Your Rental Business

With so many property management companies for owners to choose from, narrowing it down is not easy. But for owners in Central Indiana trust the local real estate experts at Innovative Property Resources. Our team focuses on property management and property management alone to provide the best possible experience for owners and tenants. If you would like a free, no-obligation rental home analysis to see what full-service property management can do for you, give us a call today.