Many rental property owners put so much emphasis on the selection of the properties they want to buy. Yet, they don’t treat the efficacy of property management with the same high standards. That’s a mistake, as success in real estate investing depends on how well you’re able to navigate the nuances of property management.
Property management often proves to be a thorn in the side of many real estate investors who experience challenges, such as poor customer service to a lack of transparency and more.
With so much uncertainty in this arena, it’s smart to partner with an experienced and reliable Austin property management company such as 1836 Property Management, which over the last 17 years has redefined the standards of excellence in real estate management.
Here’s how.
Driven by Technology
1836 Property Management was founded in 2007 and has quickly become the leader in the greater Austin, Texas, property management and real estate industry. The company has been able to achieve great success in this area — as well as help their clients do the same — in a number of ways.
One of the most important aspects of how 1836 Property Management approaches real estate investing is the technology that powers the process. The company has integrated all of its systems so that clients can take advantage of concierge property management services, while gaining access to data-driven analytics and performance reporting — all in real-time.
1836 Property Management is dedicated to “make real estate investing easy,” and it does so by simplifying the complexities of property management for its clients.
Accountability and Transparency
Two of the biggest “wants” of any customer/buyer today are accountability and transparency. When you buy a product from a company, subscribe to one of their services or hire someone as a contractor, you expect them to take accountability for their role in the outcome and to be transparent about what you’re getting, how you’re getting it and whether anything has gone awry.
At 1836 Property Management, we recognize that rental property owners today want these same things from their property manager. They want to easily be able to quantify how their investments are performing, yet with many property management companies, this just isn’t possible on a real-time basis.
That’s not the case with 1836PM. We developed REIMonitor, which is a revolutionary software package that offers real-time reporting on how your property is performing. Investors can get unparalleled visibility into key metrics so they’re able to make informed decisions.
REIMonitor will collect data such as monthly rental income, monthly maintenance expenses, equity, vacancy percentage, debt servicing and property expenses, and also evaluate your rental property’s return on equity percentage — in real-time.
Through this software — and our other data-driven analytics and automated reporting — 1836 Property Management ensures that we’re accountable and transparent through every step of the property management process, with each and every one of our clients.
Streamlined Leasing
One common inefficient process in real estate investing is leasing. Unfortunately, this leads to huge missed opportunities, extra unnecessary days-on-market and vacancy, and a lot of lost money for rental property owners.
If you want to maximize your returns in real estate investing, you must create an efficient leasing process — whether you own one property or multiple properties.
At 1836 Property Management, we streamline the leasing process through meticulous internal planning and putting proprietary software to use. There are more than 100 steps involved in transitioning a vacant property to an occupied one, which emphasizes just how important it is to have a seamless and error-free leasing experience — for both property owners and tenants.
Through our same data-driven analytics, we’re able to identify income-producing properties with precision, which enables our investors to capitalize on lucrative opportunities. We focus on accuracy and efficiency, which minimizes vacancy, maximizes income and drives superior returns.
Strategic Partnerships
Like just about any industry today, collaboration is a key driver of success in real estate investing. At 1836 Property Management, we understand how important it is to have strategic partnerships.
We forge alliances with local vendors, lenders, real estate agents and more to unlock synergies that drive optimal outcomes for all of our investors. By aligning our strengths with those of our partners, we’re able to deliver a comprehensive suite of services to maximize returns for our investors while minimizing the hassle.
Want to Learn More? Contact Us Today
The future is bright for 1836 Property Management, and it can be for you, too, if you partner with us. We’re continuously working to deliver stellar services and refine our processes and strategies to ensure we do.
For more information on what we do and how we can help you succeed in real estate investing, contact us today.
