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Property Management Blog

4 Ways Experience Saves You Money

Experience Will Save You Money

If you use an inexperienced property manager it will take them years of experiencing different situations and knowing what to do. They will be learning on your dime. As Tulsa’s leading property management company, we have not seen all the issues that can happen but we have seen a lot and we have learned what should be done and what should not be done in those situations. If handled the wrong way, a small problem can become a huge issue.

 

Knowing the Laws and Regulations

Each state has tenant and landlord laws that have to be followed. It takes years to learn and a team effort to follow. It could be as simple as service pets to something more complex as tenant discrimination. If you are thinking…….that has never happened to me, then count your blessings because they do happen. If your property manager does not know the laws of the state, then you could suffer financially.

 

Licensing

Most people do not realize that property managers need to be a licensed broker, which is much more than being a licensed real estate agent. We have personally seen huge fines given and even businesses shut down because of this. If your property manager is not properly licensed then it is only a matter of time before it catches up with them and you. Why is the state so strict on this issue? It all comes down to dealing with tenants fairly. The state is very serious about landlord tenant laws.

 

Personal Investment Experience

We have years of experience buying, selling, renovating and managing properties for ourselves and for investors. We saw that there was a huge gap in service in the property management space, so we decided to do something about it. That led us to get started with Renters Place.  Renters Place is a property management company that started out just like you, as property owners. We know the pains and frustrations of owning property because we own property. What better experience can you ask for than someone who has been there, done that.

 

Changing the Perception of Property Management

Our company has been around since 2008. We started in professional property management because we saw a need for high quality management services in our Tulsa market. When you say “property manager,” people often think of slumlords or someone who is out to steal your money. People think that property managers are going to up charge you every chance they can. We wanted to change that perception and become leaders in our local property management industry.

If you’re looking for a property manager in Tulsa, we hope you will give us a call. We’d love the opportunity to talk to you and let you know what we can do to help manage your property in the Tulsa market. Please contact us at Renters Place and we’ll show you what makes us different when it comes to Tulsa property management.