Why Not Another Lease Management Company?

Although using a residential lease management company can be very rewarding, it is essential that you team up with a company that you can trust.  By its nature, property management is a fairly intricate field, and nothing could be more damaging to your investment prospects than to place your trust in a management firm that either is incompetent or solely self-serving.  Many property management companies have a hidden agenda of making money on the “back end.”  They attempt to draw you in with a very reasonable upfront rate, and then once they have you as a client, they will barrage you with a pile of fees for services that they claim are absolutely crucial.  However, In the Loop Management never employs these forms of financial trickery or economic sleights of hand.  We only offer uncomplicated flat rates or low percentage payment options.

Additionally, there are a number of other mistakes that an unqualified management company can easily commit.  Oftentimes, they simply do not understand how to market your properties.  This can lead to a property sitting on the market for extended periods of time, earning absolutely no revenue at all.  Furthermore, even if the property does get some tenants, many companies make very little effort to keep them comfortable.  Some tenants will be prepared to move in only to find that the property has not been prepared according to the conditions that they expected.  There is no larger turn-off to a tenant (on whom you rely for revenue) than a horrible move-in experience.  In the Loop Management is always working to make this move-in as smooth as humanly possible for tenants by making them feel like they are being cared for.  This instills a sense of trust that keeps them satisfied.

After the tenants move in, we monitor the properties on a daily basis and check up to make sure all policies are being followed and everything is remaining in good condition.  Many companies let this aspect of management fall to the wayside.  Eventually, this neglect will result in high maintenance fees that will most likely come out of your profits.  We establish good relationships with all contractors and vendors and pay them on time as well as all taxes and all of those pesky property fees.  In fact, we make sure that none of these problems occur so that you have absolutely nothing to worry about.