Thank Goodness, The Tenants Are Coming (and Staying) with ICPM

By
Property Manager with Investors Choice Property Management CAL BRE LIC# 01124954

We are seeing a definite increase in call volume for all of our vacant rentals, as if someone turned on an imaginary switch somewhere. What started as a fairly slow week has turned into a dash to screen applicants, as we now have 6 vacancies ready to rent with applications on almost everything.

We continue to receive good positive feedback from applicants, telling us (without exception) that our rentals are far and away the cleanest and most well-maintained they have seen. After 16+ years in the business of property management, I have seen what passes for "habitable" in some landlord's minds, and it is not good.

At ICPM, we pride ourselves on the services we provide, and not just to our owner clients. Today's tenants are tomorrow's landlords, so we treat our tenants with the respect and courtesy they deserve. Our approach has paid off- we have had tenants go on to become landlords needing our exceptional services. We have had many tenants opt to negotiate renewal leases, saving our owners thousands of dollars in vacancy loss and turnover costs.

Happy tenants take better care of our clients' homes. Take care of your tenant, and they will take care of you.

Thomas R. Martin

Broker/Owner, ICPM

(916) 770-9707 Work

(916) 722-2121 FAX

tmartin@investorschoicepm.com

 

 

Comments (4)

Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Great post. I am glad things are working out. Let me know if you have investors that want to invest in Phoenix for cash flow.

May 08, 2009 01:52 PM
Thomas R. Martin Broker/Owner ICPM
Investors Choice Property Management - Sacramento, CA
Property Management the way it SHOULD be.

I almost bought in Phoenix back in '03, but none of the builders wanted to deal with investors. Then the bubble burst, just like here in Sacramento. It certainly was tempting...50% raise in equity in 1 year. On what planet did we all ever think that wouldn't come crashing back to Earth?

Hope you guys are surviving (and thriving) in AZ. Thank you for your comments.

May 08, 2009 02:00 PM
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

The rental market has picked up in April and has continued into May.  That is good news.   But watch out as more investors grab up the inventory of REO's.  A larger supply of homes will dampen the ability to rent property quickly.

May 09, 2009 06:04 AM
Thomas R. Martin Broker/Owner ICPM
Investors Choice Property Management - Sacramento, CA
Property Management the way it SHOULD be.

The REO market has been a concern of ours for awhile now, as we do our best to get out ahead of the coming storm, locking in as many renewal leases as possible to spare our clients the cost of a lengthy turnover. In the meantime, it is a great market to pick up a rental or two...

May 10, 2009 03:36 AM