Property Management Basics
Managing a residential rental property is a big task - at least if you do it right. To truly realize the maximum return on your investment, you need to have a good handle on market rates, legal issues, screening procedures, accounting, and maintenance - both preventative and urgent - just to name a few. At Open Door Properties, doing things the right way is all we know, which is why our service package includes:
- Detailed Market Knowledge
Kansas City is where we were born and raised and we know this town. We know the hot spots for Millennials, the up and coming chic neighborhoods and the high-demand school districts for families. We know what rates each micro-market will support and we know how to emphasize and capitalize on the strengths of your home. Most of all, we know how to walk the fine line between maximizing monthly rent and minimizing any vacancies.
- Professional Marketing
Using a professional real estate photographer, we showcase your home with stunning photos, professional descriptions and multiple listing outlets. The result is consistently high interest, top market rates and extremely fast occupancy.
- In-Depth Tenant Screening
We perform criminal background checks, credit reports and rental history checks on all prospective tenants, in addition to verifying employment and earnings. This lays the foundation for achieving long-term tenancies and low vacancy rates.
- Full Lease Cycle Management
From the collection of and accounting for the security deposit, to move in, to renewal, to move out, we manage each step of the process with the highest standards of professionalism, adhering to all legal and ethical requirements. We believe in treating people with respect and fairness while at the same time protecting the interest of property owner.
- Dependable Rent Collection & Disbursement
This core function is easy to take for granted, but amazingly, we hear from many of our clients that their previous property manager couldn't ever get this right. We offer a variety of methods, including automatic electronic withdrawal and deposit, to make sure this key component operates smoothly.
- Legal Forms and Dispute Management
Our tried and true lease agreements are structured to protect you, the landlord, and in the unlikely event of a tenant dispute, we manage the process quickly and efficiently.
- Detailed Accounting and Online Reports
Whether you have a single property or multiple units, we provide you with your own personal online account with a property by property breakdown of all finances, including rent collected/due, maintenance costs and fees so you know exactly where things stand.
- Managed, Reliable Maintenance
We are more than just a call service. We have decades of experience in building and remodeling which means that many calls don't even require a sub-contractor. On those occasions when we do turn a job over to someone else, it is a trusted partner who we know does good work. In addition to urgent and emergency repairs, we will also advise you on the ongoing maintenance needs of your property to keep it generating its maximum return for you year after year.