Personal benefits for owners
Less stress - Avoid having to deal with middle of the night emergencies, chasing down rent, evicting people from your property, tenants who wreck your property, rental scams, lousy vendors, piles of paperwork.
More freedom - Live and invest wherever you want with the constraint of needing to be near your properties. Additionally you can live and travel without the requirement of always being available in the event that your tenants have a need you have to tend to. Once you have found a good management company, it doesn’t matter if you live in the same state. Some landlords live in other countries and simply collect their check every month without ever seeing the property.
Free up more of your time - Time is money, and for many investors, their time can be more profitably spent in areas other than servicing their properties. When you focus on asset management you’re working ON your business, when you manage your own properties you work IN it. Additionally you have more time to spend with family or friends doing things you enjoy.
Tighter rent collection process
The way you handle rent collection and late payments can be the difference between success and failure as a landlord. Collecting rent on time every month is the only way to maintain consistent cash-flow, and your tenants need to understand this is not negotiable. By hiring a property manager, you put a buffer between yourself and the tenant, and allow them to be the bad guy who has to listen to excuses, chase down rent, and when necessary, evict the person living in your property.
If you let them, your tenants will walk all over you. They have to be trained to follow every part of the lease or deal with the consequences. Property managers have an advantage because tenants realize that they, unlike the owner, are only doing their job and are obligated to enforce the lease terms. Many property managers will tell you that it is considerably easier to manage other people's units rather than their own for this reason.
Regarding evictions, there are strict laws concerning the eviction process, and doing it wrong, or trying to evict a "professional tenant" can be a MAJOR fiasco. A good property management firm knows the law and has a good process for obtaining the best possible outcome given the circumstances. Never having to handle another eviction can be a compelling reason to consider hiring a property management company.
Better tenant retention
While its easy to see the effects of lost rent, there are other equally serious problems with a high tenant turnover rate. The turnover process involves a thorough cleaning, changing the locks, painting the walls and possibly new carpet or small repairs, not to mention all the effort associated with marketing, showing , screening and settling in a new tenant. This is a time-consuming and expensive process that can often be averted by keeping tenants happy and well cared for.
A good property management company will have a time-tested tenant retention policy that ensures happy tenants with lengthy stays in your properties. These kinds of programs require a consistent, systematic approach, which is where a good property management company will shine.
Shorter vacancy cycles
A property manager will help you perform three critical tasks that affect how long it takes to fill your vacancies:
Improve and prepare the property for rent - A property manager will suggest and oversee cosmetic improvements that maximize revenue.
Determine the best rent rate - Too high and you are stuck waiting, to low and you’re losing money every month the tenant is in the unit. Determining the optimal price requires knowledge of the local market, data on recently sold comparables, and access to rental rate tools.
Effectively market your property - An experienced property management company has written hundreds of ads and understands what to say and where advertise in order to get a larger pool of candidates in a shorter period of time. Additionally because of their volume they can usually negotiate cheaper advertising rates both online and offline. Lastly, they are familiar with sales and know how to close when they field calls from prospects and take them on showings.
Fewer costly and time consuming legal problems
Veteran landlords know it only takes one troublesome tenant to cause significant legal and financial headaches. A good property manager is armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential law suit. Each state and municipality have their own laws, these plus federal law cover a number of areas including but not limited to:
Tenant screening
Safety and property conditions of the property
Evictions
Inspections
Lease addendums
Terminating leases
Handling security deposits
Rent collection
Avoiding a single law suit can more than pay for the property management fees, and spare you time and anguish.
Higher Quality Tenants
Think of tenant screening as the moat and draw bridge around your castle. It is certainly possible to get a bad tenant out of your home once they are in, but it’s a real hassle and you are so much better off never accepting them in the first place. A thorough screening process results in reliable tenants that:
Pay on time
Rent longer
Put less wear and tear on the unit
Generally cause less problems
An experienced property management company has seen thousands of applications and knows how to quickly dig for the real facts about candidates and analyze that information for warning signs. By allowing a management company to handle the screening, you will also be shielding yourself from rental scams directed at owners, and discrimination lawsuits resulting from an inconsistent screening process. This kind of experience takes time, and insomuch as it means avoiding bad tenants, scams and lawsuits it is arguably one of the most significant benefits a property management company will provide.
2 bedroom 1 bath apartments
Address:
220 Lauder Avenue
Moscow, ID, 83843
Building Type:
Apartment
Description:
6 Unit Apartment Complex. 2 bedroom 1 bath apartments with W/D, DW and G/D. Very Close to Campus. Pets Allowed.
Lower maintenance and repair costs
Good maintenance and repairs keep tenants happy and preserve the value of your investment which make them a very important part of land-lording. By hiring a management firm you gain access to both their in-house maintenance staff, as well as their network of licensed, bonded and insured contractors who have already been vetted for good pricing and quality work. This can translate into significant savings compared to going through the yellow pages and hiring a handyman yourself. Not only is the firm able to get volume discounts on the work, they also know the contractors and understand maintenance issues such that they are capable of intelligently supervising the work.
4 bedroom, 1.5 bathroom house
Address:
3179 Tomer Rd.
Moscow, ID, 83843
Building Type:
House
Description:
4 bedroom, 1.5 bathroom house, out of town, shared yard, D/W. T/WSG p/n
This great house has a wonderful fenced yard!
Address:
906 Almon
Moscow, ID, 83843
Building Type:
House
Description:
This great house has a wonderful fenced yard! It has 3 bedrooms, dishwasher, washer and dryer, and a place for the kids to play. The rent includes ALL utilities.
Nice newer side by side duplex located in residental area
Address:
1703-1717 East F Street
Moscow, ID, 83843
Building Type:
Duplex
Description:
Nice newer side by side duplex located in residental area. washers and dryers, dishwashers, walk in closests in the master bedroom, large garages, beautiful yards, with automatic sprinkling system.Tenant pays wsg.
Two-level four-plex close to Safeway
Address:
1680 White Avenue
Moscow, ID, 83843 (google map)
Building Type:
Apartment
Description:
Two-level four-plex close to Safeway. Interior entry ways are protected from the weather. Each apartment has large decks with a beautiful view of The Nature Park, gas fireplaces, washer and dryer, dishwasher, 2 bath, lots of closet space.
New 2 and 3 bedroom apartments with washer /dryers
Address:
705 North Jefferson
Moscow, ID, 83843
Building Type:
Apartment
Description:
New 2 and 3 bedroom apartments with washer /dryers, dishwasher, decks with extra storage, high speed internet available through First Step Internet, owner pays WSG, plenty of off street parking, and beautiful kitchen cabinets.
3 bedroom 2 bath townhouse with garage.
Address:
636/638 North Polk
Moscow, ID, 83843 (google map)
Building Type:
Townhouse
Description:
3 bedroom 2 bath townhouse with garage. It has three bedrooms upstairs and bath. On the main floor there is a living room with cathedral ceilings and bay windows,very large kit. and dining area, D/W, W/D,bath. PETS Negotiable, tenant pays wsg
2 large bedrooms and 2 bathrooms
Address:
852/854 White Ave.
Moscow, ID, 83843
Building Type:
Duplex
Description:
This side by side duplex is on the east side of town. It has 2 large bedrooms and 2 bathrooms, carport, washer/dryer hook-up, and portable dishwasher.The owner pays wsg. NO PETS.
Address: 898 N Almon St. Moscow, ID, 83843
Address:
898 N Almon St.
Moscow, ID, 83843
Building Type:
Apartment
Description:
These beautiful 3 bdrm. apartments have 2 bathrooms, gas fireplaces, washer and dryer, dishwasher, garbage disposals, decks, and extra storage, high-speed internet available, owner pays WSG, off street parking, keyless entry
N Garfield Garage Unit D.
This storage garage is located in a row with three other units. Garage door with a key. They are large enough to park a compact car. Available now. 208-882-8391 www.welcomehomepm.com
This four-plex is in a residential part of Moscow
Address:
503 E 7th Apt D
Moscow, ID, 83843
Building Type:
Apartment
Description:
This four-plex is in a residential part of Moscow with mature trees and yard. It has 2 bedrooms and 1 bath. On-site laundry for everyone to use. No pets. Owner pays wsg
Beautiful 3 bedroom plus office.
Address:
2315 Shelby Lane
Moscow, ID, 83843
Building Type:
Apartment
Description:
Beautiful 3 bedroom plus office. 2.5 Bathrooms, fireplace, air conditioning, w/d hookups, oversized 2 car garage, landscaped, fenced back yard, small pet negotiable, family room, built 2007. Available January 1, 2013
Address: 1045/1047 Meadow Street Moscow, ID, 83843
Building Type:Duplex
Description:Located at 1045/1047 Meadow Street - Newer, Large 3 bedroom 2 1/2 bath duplex with garage. The 3 bedroom and 2 baths are upstairs with a balcony off the master bedroom. The main floor has a spacious living room, dining room, gas fireplace, kitchen with
6 bedrooms and two bottom units each with 2 bedrooms 1 bathroom.
Address:
803 N Main- Apt B
Moscow, ID, 83843
Building Type:
Apartment
Description:
803 N Main is a triplex with a top unit having 6 bedrooms and two bottom units each with 2 bedrooms 1 bathroom. Small pets negotiable with additional pet rent and pet deposit.
N Garfield Garage Unit F.
This storage garage is located in a row with three other units. Garage door with a key. They are large enough to park a compact car. Available now. 208-882-8391 www.welcomehomepm.com
Address: 805 N Main #102 Moscow, ID, 83843
Building Type:Commercial
Description:Business or office space. Large open space + 6 individual
rooms. Bathroom with washer and dryer hook up. Lots of people drive by
this location on a daily basis. Off street parking for your customers.
Available now!!~~ 805 N Main st Suite #102.~~ Large commercial space for rent. Two large spaces + 6 individual rooms + 1/2 bath (toilet sink) with washer and dryer hookup. Already plumbed for a spa. Perfect for a business that needs lots of smaller rooms and a larger room. Realtor, therapist, spa, so many possibilities!!
Available now!!~~ 805 N Main st Suite #102.~~ Large commercial space for rent. Two large spaces + 6 individual rooms + 1/2 bath (toilet sink) with washer and dryer hookup. Already plumbed for a spa. Perfect for a business that needs lots of smaller rooms and a larger room. Realtor, therapist, spa, so many possibilities!!
Located at 926 Public.
Large open space. Perfect for a business. Was once a
nursery. Has a ton of potential!! Toilet and sink. Lots of space. Cement
floor and easy access off Public St. A must see!
Storage units on the corner of Carmichael and Palouse River Drive.
Apex Storage
Moscow, ID, 83843
Building Type: Storage Unit
A-115 is located at Apex Mini Storage. These 8X13 storage units with a man door are located at 3990 E Palouse River dr. Lease is month to month. Come to 805 N Main to sign a lease. We ask for a deposit of one months rent and first month rent is pro-rated. Use your deposit for your last months rent with 30 days notice from the beginning of a month.
Available now!!~~ 805 N Main st Suite #102.~~
Large commercial space for rent. Two large spaces + 6 individual rooms + 1/2 bath (toilet sink) with washer and dryer hookup. Already plumbed for a spa. Perfect for a business that needs lots of smaller rooms and a larger room. Realtor, therapist, spa, so many possibilities!!
$1500
614 S.Blaine Moscow, ID, 83843
This 2 bedroom apartment is beautifully built. They have many extra closets and storage areas, built in vanity in each bedroom, fenced back yard, dishwasher, coin-op laundry on site,NO PETS.
705 North Jefferson Moscow, ID, 83843
New 2 and 3 bedroom apartments with washer /dryers, dishwasher, decks with extra storage, high speed internet available through First Step Internet, owner pays WSG, plenty of off street parking, and beautiful kitchen cabinets.
3177 Tomer Moscow, ID, 83843
Located in Evergreen Trailer court this large house has a basement one bedroom apartment with its own entrance.
525/527 East E Street Moscow, ID, 83843
This duplex is located in a quiet neighborhood, off street parking in the back and allows pets, owner pays wsg.
901-905.5 S. Logan Moscow, ID, 83843
Two-level four-plex, large living room and dining with hard wood floors throughout, washer dryer hook-ups, garage with extra storage area, pets negotiable.
1680 White Avenue Moscow, ID, 83843
Two-level four-plex close to Safeway. Interior entry ways are protected from the weather. Each apartment has large decks with a beautiful view of The Nature Park, gas fireplaces, washer and dryer, dishwasher, 2 bath, lots of closet space.
Apex Storage Moscow, ID, 83843
Building Type:
|
Storage Unit |
|
Description:
|
Storage units on the corner of Carmichael and Palouse River Drive. |
3177 Tomer Moscow, ID, 83843
Building Type:
|
House |
|
Description:
|
located in Evergreen Trailer court this large house has a basement one bedroom apartment with its own entrance. |
636/638 North Polk Moscow, ID, 83843
Building Type:
|
Townhouse |
|
Description:
|
3 bedroom 2 bath townhouse with garage. It has three bedrooms upstairs and bath. On the main floor there is a living room with cathedral ceilings and bay windows,very large kit. and dining area, D/W, W/D,bath. PETS Negotiable, tenant pays wsg. |
901-905.5 S. Logan Moscow, ID, 83843
Building Type:
|
Apartment |
|
Description:
|
Two-level four-plex, large living room and dining with hard wood floors throughout, washer dryer hook-ups, garage with extra storage area, pets negotiable. |
Helpful
"Very helpful staff! Due to a job in a different area, my family and I had to get out of our lease. Linda, and the crew found a person to take over our lease, and was very helpful. Thanks to WHPM we were able to save alot of money, and get our deposit back. I would rent from them again without question!"
Great Experiences
"I have heard and read many terrible experiences with Welcome Home Property Management so, I wanted to share my experience to encourage others to reconsider renting from them. We have lived in an apt managed by Welcome Home Property for 6 months now and I have never had such a great experience with any property management!! When we couldn't find a suitable apt with our desired space and within our budget, they took the time to review all their apts and even call a few owners to discuss pricing changes to fit our needs!! They found us the BEST apt we could have ever asked for and we love it!! Throughout our time with them so far, any concerns or needs with the apt they took care of within just a few days, whereas other agencies took weeks. I have also truly enjoyed all of the staff there. They are always very helpful, a joy to talk with, and actually show a desire to know you and fulfill your needs. I have never had any problems getting through to them when I needed to talk with them. I would recommend using them for the rental of your next apartment if you are looking for a place that fits your wants and needs and that will be taken care of in a timely, proper manner with a smile on their faces"
Best Property Management Company
"We have lived in Moscow for three years now and rented from several agencies, Welcome Home is by far the best property management company in the area. The employees are all friendly and caring and the service is amazing. I would recommend renting from Welcome Home Property Management to everyone looking for a new rental!"
Great Experience
"We have lived in an apt managed by Welcome Home Property for 6 months now and I have never had such a great experience with any property management!! When we couldn't find a suitable apt with our desired space and rent price, they took the time to review all their apts and even call a few owners to discuss pricing changes to fit our needs!! They found us the BEST apt we could have ever asked for and we love it!! Throughout our time with them so far, any concerns or needs with the apt they took care of within just a few days, whereas other agencies took weeks. The staff there are always very helpful, a joy to talk with, and actually show a desire to know you and fulfill your needs. I have never had any problems getting through to them when I needed to talk with them. I would recommend using them for the rental of your next apartment if you are looking for a place that fits your wants and needs and that will be taken care of in a timely, proper manner with a smile on their faces."
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