Property Management Companies in Columbia SC | How to Tell the Good from the Bad in Property Management

Investors who are looking for property management companies in Columbia SC are always looking for the company that will make them the largest return on their investment. Some investors will want to look for the lowest management fees, but they must always remember, you will get what you pay for. There are many property management options for investors, but there are ways to weed out the good vs the bad.

What Is the Average Vacancy Rate?
Ask the property management companies in Columbia SC you are interviewing what their vacancy rates are and the average time between renters on the average property.
Are the Properties Comparable to Yours?
You want to choose a property management company that has experience renting properties like yours. Do not choose a multi-family housing company to manage your single-family home.
Ask About Vendors.
Get a list of vendors that each of the property management companies in Columbia SC you are interested in work with so you can compare their reviews and reputations. Vendors such as maintenance crews, landscaping companies, and others will give you a snapshot of the quality of work that will be done to take care of your investment property.
Compare Services.
Property management companies will all offer different services and the pricing they offer will be based on those services. Make sure you are getting exactly what you need and want from a company before signing on the dotted line with one. You will want to work with a company that can meet all your expectations and keep your properties filled and well taken care of.
Compare Reviews.
Not only should you be checking out their vendors, but you also need to check out the reviews left on the property management company pages online as well. Do not forget to check Angie’s List, Google, social media, the company’s website, and Yelp.

There are a variety of property management companies in Columbia SC that work with many different types of investors. The best way to put your mind at ease when it comes to your rental properties is to hire the management company that fits you the best.

Give
Auben Realty of the Midlands
a call at .

Property Management in Columbia SC | Top 5 Reasons to Invest in Columbia SC Properties

When purchasing investment properties in South Carolina, one of the most crucial factors to consider is where these homes will be located. There are many cities in South Carolina that are perfect for rental investment, but we happen to really love the opportunity for property management in Columbia SC. Columbia is one of the most historic towns in the state and was an integral part of the mercantile economy during colonial times. If the historic charm does not convince you to invest in rental properties in Columbia, there are a few other factors that might!

Lower Priced Homes-
Columbia has been ranked as one of the top 25 most affordable places to live in the entire country. The average home price is 11% less than the national average with a median price of $164,200.
Outdoor Recreation-
Property management in Columbia SC can also manage vacation homes and short-term rentals which are nearly always full because of the great outdoor recreation Columbia has to offer.
High Demand-
Columbia has a steadily high demand for single-family rentals because the low cost of living and reasonable rent rates attract families from all over the state. Most neighborhoods in Columbia have a dense population and employment growth also which brings new people to the city.
Buy from Snowbirds-
Retirees who want to spend their winters somewhere warm often purchase small homes or condominiums in Columbia. When these people cannot travel any longer, they often look to get out from under these homes for cheap. Investors can scoop these properties up for great deals.
Rent Yields Are High-
Because homes are so affordable in Columbia, investors who can get low interest rates and great tax incentives can often see a much higher rent yield than other areas around the state. This means that the profit you make will be higher.

Buying property in Columbia SC is the best choice for first time investors looking to get into single-family home rentals. The key to success is having a top-notch property management in Columbia SC partnering with you to manage these homes.

If you are ready to discuss the opportunities property management in Columbia SC can offer your investments, call
Auben Realty of the Midlands
at .

Property Management Companies in Columbia SC | Before Investing, Study the Rental Rates

When deciding where to invest in single-family rental homes there are many factors investors take into consideration. One of the biggest factors is the price of homes compared to the rental rates. The amount you pay on your mortgage on the rental property should be considerably less than what you are renting it for if you want to make a profit. However, some investors neglect to take a deep dive into the rental rates in the area and make the wrong choice when choosing neighborhoods their rentals will be most successful. Property management companies in Columbia SC put a lot of time into doing market research and rental analysis and can sometimes advise investors, but we can give you a few tips on studying rental rates now.

Tips for Studying Rental Rates

Market rent is the average price of rent on a single-family home in a particular market/neighborhood. Knowing the market rent is vital to making a great return because you need to know your profit margin to be expected. The way to find out more about market rent is to ask property management companies in Columbia SC, otherwise you have a lot of work ahead of you in research.

Another crucial detail you will want to study in rental rates is the consistency. Are rental rates fluctuating frequently? Do they seem higher than what is being offered in similar neighborhoods? These are signs of a volatile rental market and these neighborhoods make for bad investments in most cases. Choosing properties in Columbia is great because the rental market is consistent with minimal risk of a market fallout. Consistency is also key to planning future investments, renovations, and marketing efforts to build out your investment portfolio and continue working with property management companies in Columbia SC.

Consider partnering with
Auben Realty of the Midland
s on your next single-family home rental investment for all your property management needs. Call today at .

Property Management in Columbia SC | Why Social Media Matters for Landlords

Once upon a time, a landlord could rent a house quickly by posting an add to craigslist and a sign in the front yard. Today, all the best companies doing property management in Columbia SC understand that social media matters—a lot. Not every property owner wants to focus on social media, it can be tedious and time consuming, but there are incredibly good reasons why you should be connected:

Most single-family home renters are between 25 and 38 years old. These young people rely on Facebook and Instagram to connect them with the world with nearly the entire Unites States population in this age range having access to the internet and a smart phone.
Images are everything and platforms like Instagram are perfect for showcasing your beautiful coastal homes if you work in property management in Columbia SC. The historic homes against beautiful Southern landscapes can skyrocket the algorithms and ensure your posts are seen.
Social Media is a wonderful way for property owners to post reminders or links to fun events happening in the neighborhood. They might also post information on bulk waste pickup, landscape waste collection, or other vital services. Social media is also most renter’s preferred way to find out about new homes for rent.
Marketplace on Facebook allows property owners to post rentals. Tenants have access to many different filters to narrow down the number of bedrooms and bathrooms they need, rent they can afford, and other necessities for the perfect rental. Utilizing the social media marketplaces to highlight your rental homes is one of the best ways that property management in Columbia SC for booking appointments and getting new interest.
Tenants and prospective tenants can leave reviews on your social media page that will attract new renters in the future. Many renters go to a company’s social media business page to check the public opinion on a landlord before signing a lease or paying an application fee.

One of the best ways to stay on top of your social media game is to hire a property manager that has excellent marketing skills. There is no time like the present to dive into your social media goals and see your investment explode with new opportunities.

If you are ready to make your investment the best it can be, call
Auben Realty of Columbia
at .

Property Management Services in Columbia SC | Help for Landlords During COVID-19

COVID19 has put a strain on property investors all over the country and
property management services in Columbia SC
are feeling the burden right along with them. When you’re a property manager or landlord, bringing in the rent is part of the job description and property owners are depending on you to make it happen; however, with job losses and rent moratoriums happening, some landlords aren’t seeing any rental income coming in. Luckily, there is help available.

Property management services in Columbia SC
are working with their investors and property owners to make sure they realize all the programs currently available to keep afloat during these uncertain times. Here are some of the top programs available for landlords to find relief:

Mortgage forbearance under the CARES Act makes it possible to stop your mortgage payments; however, all these payments will come due at once when the pandemic or CARES act expires. One of the best things you can do if you apply for mortgage forbearance is to also apply for other financial aid options for relief.

Paycheck Protection Program offers loan forgiveness for business that keep their employees such as landlords who hire property management services in Columbia SC.

Economic Injury Disaster Loans provides relief to small businesses who are currently experiencing loss of income because of COVID such as landlords who are not receiving rental income.

SBA Express Bridge Loans are available to all property owners who already have relationships with the small business association and an SBA express lender to access up to $25,000.

SBA Debt Relief is another great choice for small business owners such as property investors. The SBA can pay up to 6 months of principal, interest, and fees on microloans and other types of loans.

Municipal relief is often available through local city or county government programs. Cities all over the United States are using emergency funds to offer grants and loans to small business owners.

COVID-19 has turned life upside down for tenants and landlords alike. The pandemic has made tensions run high, but property owners, managers, landlords, and tenants should try to take advantage of the programs available for assistance.

If you are interested in hiring property manager services in Columbia SC to help you navigate the changes with the pandemic, call
Auben Realty
at .