It can be tough to trust promises these days! Can you really trust that a company will follow through? Does a company that offers some form of assurance give you more confidence that they stand by their work?
- When it comes to your investment properties, do you have faith in your San Antonio property management company?
- Do they consistently deliver on their offered property management services in San Antonio?
- Do they consistently do what they say they will for you and your tenants?
An expert San Antonio property management company should deliver on every commitment.
Proven processes, local experience, and industry expertise help minimize errors while your properties generate more profit—but sometimes, things don’t go as planned. If something unexpected happens, how will your property manager address it?
Whether you’re evaluating your current San Antonio property management company or looking to make a change, you should carefully consider whether or not they offer some form of property management protection plan. Don’t risk financial loss if something unforeseen occurs!
What Is a Protection Plan?
While similar, a property management protection plan is distinct from a warranty of guarantee. A warranty is a promise that a product or service will perform as intended, typically within a specified time. In most warranty situations, a company repairs or replaces a product—provided the product exhibits a defect that caused it to malfunction.
Generally, an assurance is a pledge to fulfill obligations under certain conditions or if specific circumstances arise. An assurance helps protect you if an unforeseen factor impacts the results you expected from a company or service.
Property Management Protection Plans for Investment Properties
When it comes to your investment properties, you want a professional property manager in San Antonio who provides an assurance for your peace of mind.
Things can go awry when tenants and rental properties interact—even with a rigorous screening process. Your property manager should have the expertise to find and place the best tenants for your properties. However, when the unexpected happens and a tenant needs to terminate a lease early, a property management protection plan helps safeguard your income.
Protection Against Your Biggest Concerns
What are your greatest concerns as an investment property owner? From property damage to problematic tenants, even the most meticulous plans to protect your investment can lead to an unforeseen outcome.
An expert property manager in San Antonio knows how to manage your portfolio to generate the long-term profits you need. They also know how to respond when something goes wrong. A property management protection plan helps mitigate the unpredictable factors that arise when working with people living in your investment properties.
The best property management companies have robust systems in place to find your ideal tenants. They utilize:
- Professional marketing to list and attract quality tenants
- A thorough screening process to ensure your tenants can afford your property and pay bills on time
- Expert maintenance services to keep your properties in excellent condition before, during, and after your current tenants.
Expert property managers understand the importance of placing excellent tenants in your property. When it’s time for a new tenant, they adhere to their process to select only the best tenants for your rental.
This kind of property manager recognizes that an assurance is not a substitute for best practices concerning your portfolio—but that it demonstrates their commitment to you to provide added peace of mind.
Sometimes Life Happens
When life happens, even the best tenants might need to end their lease prematurely. Perhaps they need to relocate for a job, or they can no longer afford your property. Sometimes, tenants who start as “good” tenants can turn into problematic tenants requiring removal from your property.
When those situations arise, a property management protection plan means investors don’t have to suffer substantial financial losses if a tenant leaves your property before the lease term ends. Your property manager should stand by their commitment to finding excellent tenants who fulfill the terms of your lease agreement. If a tenant fails to meet that commitment, your property manager needs to make it right.
Know What to Look for in a Protection Plan
Don’t just take their word for it! When a professional San Antonio property management company offers a tenant protection plan, get the specifics. Never take the word “assurance” or “promise” lightly: a trusted property manager should stand by their work.
When a tenant doesn’t work out well in your property, look for a property manager who:
- Waives the leasing fee for finding a new tenant for your property when they were responsible for placing the tenant.
- Creates a lease agreement that protects property investors from tenant property damage, late rent payments, early lease termination, or property abandonment.
- Screens future tenants thoroughly to ensure the best replacement possible for your investment properties.
If you lose a tenant, and it’s time to utilize a Tenant Replacement Plan, getting your property manager to honor it should never be difficult: hold them to their commitment!
Professionals Stand by Their Commitments!
It’s not enough to offer a promise—your property management partner also needs to stand by it! Real Property Management LoneStar understands the value and importance of our Tenant Replacement Plan. It’s our job to place quality tenants who fulfill the term of every lease agreement.
When a tenant needs to break a lease agreement, it’s on us to get a new tenant into your property—without charging the leasing fee. Contact us to learn more about the protection plans included with our property management packages!
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