Choosing a property management company that you can trust with your valuable investment is an important decision. While you’re looking for a property management company, you’ll want to consider several factors, including the range of services offered, the types of revenue streams available, and the availability of concierge services.
Brokerage services
Having a broker assist in the rental process can make searching for a rental much easier, but the costs associated with using a broker can add up quickly. To make the most of your rental, it’s important to understand exactly how much the broker charges.
Broker fees can range from one month’s rent to 10% of one year’s rent. While most brokers charge a one-time fee, it’s important to understand what’s included in these fees and how they work.
In addition to managing a home, Belong offers financial tools to help homeowners manage their investments. It offers a homeownership program and Smooth Payments, which allows homeowners to receive rent while their home is unoccupied. It also offers a 30-day trial period.
Belong Pros have property management experience and pass background checks. It also has an in-house maintenance team. They also use market data to determine a rental price for your home.
Belong’s mission is similar to Divvies. It wants to help renters become homeowners. Belong has raised $95 million in equity and $30 million in debt.
24/7 concierge service
Using a concierge service can alleviate some of the pressure placed on property managers. For instance, a concierge can help residents get in and out of a home or apartment promptly. In addition to concierge services, Belong also provides end-to-end property management. In addition to the usuals, Belong also offers rental insurance, maintenance, and placement. The company offers property management services in six markets, including Las Vegas, Los Angeles, Phoenix, Orlando, Tampa, and Denver. Belong also offers a full-featured property management platform, including an online tenant portal. Belong also boasts one of the best customer service and customer support teams in the business.
Belong also offers a variety of freebies to help property managers do their jobs. For instance, they offer free 3D tours of properties, a free virtual tour of a property, a free pricing analysis, and a free move-in preparation kit. Belong also offers free advertising for your property. The company also has a concierge app, which offers features such as a security deposit alternative, free rent payment options, and a move-in checklist.
Variety of revenue streams
Various revenue streams are important building blocks of any business. A property management company is no different. It needs a variety of distribution channels to achieve maximum occupancy and maximum revenue. One of the major distribution channels is online travel agencies (OTAs), while bed banks and metasearch engines are other important distribution channels. Keeping these distribution channels aligned with your hotel’s occupancy and revenue goals is essential for your hotel’s success.
When considering a variety of revenue streams, be sure to consider the role of your property manager in each of these areas. It is important to keep in mind that the role of your property manager is likely to change over time, due to the needs of owners and residents. This can lead to new revenue streams for your property management company.
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