What you don’t know can hurt you. This is the lesson that has been learned by many of our owners, who were losing thousands of dollars per month due to the mismanagement of their property by their prior property management company. The worst part is that some of these losses were subtle and went unnoticed.
The key reason that your profits will suffer at a discount property management company is because there are relatively few property managers who must watch over a large portfolio. This means that it is difficult to get each property in the portfolio the attention that is required in order to ensure things run optimally on a day-to-day basis. So on one-hand, there are savings on a per-unit per-month basis, but on the other hand owners are frequently losing more than they are saving!
Don’t believe it? In this post, we outline some of the more common areas where money is lost due to improper management that we have found lead the average owners profits to be $1500 lower per unit per year! We have outlined some of the key reasons for this in our recent blog posts:
- Reason #1: Lost Rental Revenue
- Reason #2: Vendor and Utility Contracts
- Reason #3: Excessive Turnovers
We hope that you explore each of the above items and find new ways to make the most out of your rental properties. We have found that our owners make an average of $1500 more per profit per unit each year after switching to Trilliant, and we would love to do the same thing for you.
As always, if you have any additional questions, or would like to talk to us about our property management services, you can call us at (626) 899-4443 or you can email us at firstname.lastname@example.org. We look forward to hearing from you.