The Property Management Professionals serving AZ
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We Provide a full-menu of services specializing in residential single family homes, townhomes and condos.
frequently asked questions
Answers frequently asked questions by both landlords and tenants.
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Red Hawk Property Management is an equal opportunity housing provider. We fully comply with the Federal Fair Housing Act.
Red Hawk Property Management, it all begins with the name. As you can see we proudly display our specialty, property management. Most real estate companies that are involved with managing properties do so as a side business, an after thought, or a temporary fill gap until their real business, real estate sales, picks back up. They may manage one home, yours as a “favor to you” or they may manage several properties, but it is not their specialty.
They specialize in Homes For Sale and Rent in Mesa, Gilbert, and Chandler and are merely treading water until the market can fully support that activity. Would you go to a Dentist when you needed a Cardiologist? They are both doctors, have medical licenses, and probably have their practice, but the expertise, practical experience and real-world knowledge are substantially different. It’s the same when it comes to Gilbert AZ property management.
Being a property management company is a tough, labor-intensive and emotionally draining proposition. It can be very time-consuming, affecting your evenings, weekends and other quality times. If run incorrectly, it can cost you tens of thousands of dollars in both time and money. You must be up to date on the current Arizona Landlord Tenant Act, Fair Housing Laws, accounting principles, and practices as well as all related discrimination laws and how they relate to all parties. You must have reliable contractors and handymen that will be fair in price and do an exceptional job with their quality of work or do the repair work yourself. Wow, why would anyone want to self-manage or be a licensed rental superintendent when you can hire property management experts?
We love what we do and the challenges it presents to our company. Red Hawk Property Management was founded as Red Hawk Realty in AZ, but we always struggled with serving two masters. How could we be the best at both sales and supervision? We simply couldn’t. Instead, we changed our name and are focusing all the efforts of Red Hawk on simply being the most professional, cost-effective, transparent and landlord-friendly company. We enjoy being fair, honest and communicative with all parties involved, while always being cognizant of the fact that Red Hawk Property Management is employed by the landlord.
Call Arizona’s experts in property management today:
A good property manager has the ability to add great value to your investment. This is why long-term investors will always
recommend finding a professional property management company. Here are a couple of ways that a property manager can help you:
A good team has the ability to add great value to your investment, which is why long-term investors will always recommend finding a good property manager. Here are a couple of ways that a property management company can help you:
Experienced firms have received thousands of applications over the years and are brilliant at finding out the facts about applicants. They, then, use that information to analyze information supplied by applicants to weed out the ones who present warning signs. A rental supervision company allows you to shield yourself from discrimination lawsuits and rental scams. This happens regularly without proper screening of applicants. Finding the bad seeds takes time and avoiding lawsuits, scams, and bad tenants is the main focus of a good property management company.
Property owners know very well that it only takes one bad tenant to create huge financial and legal problems. Property management companies, who are good at their jobs, will have access to the latest laws regarding landlords and tenants. They will make sure you are not left in a tight spot, which could become a potential legal problem. Each municipality and state have their own requirements and laws. These laws, as well as federal law, cover many areas including:
Landlords are there to help you perform three crucial tasks, which will affect how long your property is vacant for. These are:
Prepare the home for rent- property managers will make suggestions and assist with making cosmetic improvements that will increase rental potential.
Help determine the maximum rental rate- If the rate is too high, you will be waiting a long time to get tenants. This means you will be losing money each month that that home is vacant. Figuring out the right price depends a lot on the knowledge of data, the local market, and having access to tools that can determine the rental rate for your specific property.
Create an effective marketing plan- Experienced companies have written numerous ads and they understand what needs to be said. They also know where they need to advertise to get the attention of more candidates over a shorter period of time. Added to this, they can usually negotiate lower advertising fees because they advertise large quantities of ads at a time. A property management team is also great at closing the deal for you.
It is very easy to see the effects that loss of rent has, but there are other problems that are just as serious, especially if there is a high rate of tenant turnover. Each time a tenant leaves, it means that your property needs to be evaluated, cleaned, locks need to be changed, carpets need to be cleaned, and minor repairs need to be addressed. Not only is this costly, it takes a lot of time as well.
A good property management company already has a time-tested tenant retention policy in place that will keep tenants happy, which means they end up staying longer. This requires a systematic and consistent approach, which is exactly what a great a management company has to offer.
Success or failure can be determined by the way you handle late payments and rental collections. Making sure that you receive rent every month and on time is the only way to ensure that you can maintain correct cash-flow all the time. You need to make it very clear to your tenants that this is not negotiable. When you hire a company, you take yourself out of the equation. They get paid by you to be the bad guys, chase after rent, listen to the excuses, and if necessary, they are the ones who will be doing the evicting.
Tenants will walk all over you if you give them half a chance. Just like puppies, they need to be trained how to follow the conditions of the lease agreement that is in place. Tenants tend to realize that the staff are only doing their jobs by enforcing the terms of the agreement. A number of managers will admit that it is easier to control other people’s property compared to their own.
Good maintenance keeps tenants happy, which is an important part of being a landlord. Hiring a property management company will allow you access to their staff and contractors, who have already been vetted for good work and reasonable fees. This will save you money at the end of the day.
Making sure that you put systems in place that will fix problems before they become out of hand is imperative. Your company or team can offer you sound advice with regards to maintenance modifications and upgrades, which can affect your potential rent.
With Red Hawk Property Management on your side, you will not be the one trying to fix problems in the middle of the night, as they will do the dirty work for you.
You will be able to live wherever you like when you have a team of professionals keeping track of your properties. You will be able to travel whenever you want without having a care in the world. Many property owners do not even live in the same country as their properties. They simply collect their money each month.
As we all know, “time is money” and if you do not need to spend all those hours managing your own properties, you will have more time to focus on your own businesses. When you are the person doing all the running around, you are essentially working for yourself. Unfortunately, this leaves you little time for your actual business and, at the end of the day, this means a loss of income for you. Hiring a company like Red Hawk Property Management in Arizona is the best way to ensure you make money and can spend more time with the people you love – your family and friends.
