Rosy is your operating partner in managing the value of your real estate holdings. Typically, a real estate agent is your transactional partner and helps with the important tasks of finding, valuing, financing and selling your investment property. As your operating partner, Rosy plays a critical role in managing the holding costs of your property which can have a material impact on the overall returns you get from your investment. Important holding costs that require careful management include the following:
- Minimizing vacancy periods
- Quality tenant selection and retention (this is why your property manager needs to treat tenants as an important stakeholder and meet their needs)
- Reasonable lease-up fees and costs
- Proactive maintenance to preserve and protect the property
- Prompt and cost effective repairs
- Proactive access to local tax, energy and service provider (such as insurance company) benefits, rebates and discounts
- Sensible, value-creating investments in upgrades
- Reasonable and fair ongoing property management fees
- Timely and accurate financial and tax record keeping