Your Property Manager is a very Strong Member of your Team - at every stage of the Property Investing Cycle.
Spectrum Property Management believes that a good property manager is the key to your success as an Investor or Owner.
When you learn how to use all of your Property Manager's skills and talents you will see that we are much more than a Manager of your Property. We are the main "Heavy Lifter" on your Team.
We have always recommended that you do not manage your own Properties.
These are the reasons...
1) You are an Investor not a Property Manager.
Being a Real Estate Investor and being a Property Manager are actually two completely different jobs, two different knowledge bases, two different skill sets, and two completely different sets of day-to-day activities.
This is a simple question of Focus. You cannot be at your best as a Property Investor if you are distracted by the day-to-day activities of Property Management.
2) Your Property Manager is WAY more than just a Manager of your Property.
In many cases, Property Managers are completely underutilized. What most Investors don't realize are the different ways your Property Manager can impact your business.
They are the expert in Your property niche, in Your market
They can tell you histories about specific properties
They can give you estimates of operating expenses you can reasonably expect as an owner
And they can perform a huge number of tasks that will improve your decision-making at all stages of the investing cycle.
3) You can afford to outsource to a real Pro.
Aside from the added stress and headache, managing your own property can result in more damages and higher turn over costs. Tenants are better screened from our approval process and we follow each property through every step of the lease with the owner and tenant. We are the eyes and ears for your property. One of the major benefits of a having great property manager on your side is they are the muscle of this Team. Lease enforcement, on time payments and collections can be very time intensive and costly to an owner. Let Spectrum Property Management take the burden from you and make your Team stronger.
Here are a few examples of how Spectrum Property Management can bring their expertise to your Team.
Lead Evaluation:
We may have actually managed this property before or a comparable property
We may understand the property's reputation and what made it marketable or not
We will understand operating expenses you can expect, because we already operate similar properties in the same market. This information will help you decide if a property is right for you
We have an understanding of previous sales of similar properties and give you an idea on whether the pricing is right
In Due Diligence:
As your Property Manager we can perform a site walk-through
An Inspection
A Lease Audit if occupied
And interview the current management team, owner and tenants
Spectrum Property Management provides these services to you at no charge during Due Diligence for a very good reason... it helps us them understand the property from the bottom up, before we are asked to take over management activities. The relationship we build with you in Due Diligence ensures a successful long term working relationship as your Property Manager.
While You're an Owner:
Spectrum Property Management creates the "Sense of Community" that maximizes your profit in this investment.
We provide:
- Financial reporting to you monthly
- Timely Collection of Rents
- Direct Deposits
- Computerized Property Management
- Maintenance & Repair Correlation
- Property Inspections
- Tenant Screening
- Rental & Investment Analysis
- Competent Personalized Service
- And the systems and people skills at the Property
- Proper steps to a quick eviction if non-payment occurs
- Collections after tenant move out
This will keep your property's performance in line. Rentals not maintained on an on going basis can and will result in more damages and lost tenants due to disrepair, which leads to higher expenses and turn over costs to the owner.
The Sale of your Property:
Spectrum Property Management has a list of Sales Agents and Brokers for referral if and when the time comes for you to sell your investment.
Home Owners Associations:
Our goal is to operate your association efficiently and economically by providing outstanding professional governance and business/financial services that address your priorities and concerns.
As you can see, Spectrum Property Management does so much more than just manage your Property. We believe we are the strongest member of your Property Investing Team.
Get Spectrum Property Management on board early and use us wisely at Every Stage of the Investing Cycle.
Contract Traci Worthington at traci@spectrumpropertymanagment.com for pricing and further information.


