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Tuesday, August 18, 2009

10 Questions To Always Ask A Prospective Property Mgmt Firm

When looking at property management companies, there are a handful of questions that savvy real estate investors should ALWAYS ask.

It helps you weed out those agencies that charge "junk fees" and don't have the experience to make sure your real estate portfolio is consistently profitable - whether you have one investment home or a dozen.

According to HomeLovers property management expert Noel Pulanco, these are the areas critical to address during the selection process:

What area do you specialize in?
What types of properties?
What services do/don't you offer?
Who handles maintenance?
How do you qualify tenants?
What types of tenants do you look for?
How do you handle non-paying tenants?
How did you advertise?
How long to rent a home?
How/when do owners get paid?

Detail on each of these ten questions coming soon from HomeLovers, one of Arizona's fastest growing property management companies. Stay tuned! We want to help you stay profitable with your real estate investments.

Can't wait and want more information now? Contact Noel at Noel@HomeLovers.com or (602) 792-5324 for a little advice over the phone. It's free.

About Dave Zundel - co-founder, real estate investor

Dave Zundel has been building businesses for over 20 years, including hands-on consulting work with the owners of nearly 200 companies.

Recently, his experience allowed him to redefine residential property management and implement new levels of efficiency for a local Phoenix real estate investment and property management company, resulting in aggressive growth from 300 homes under management to nearly 2000 homes - almost a 600% increase. With a focus on numbers, Dave created tools to assist investors with avoiding purchasing mistakes, maximizing ROI and attracting ideal tenants.

In the same time frame, Dave accumulated a personal portfolio worth over $3 million that included 15 single family homes.

At age 40, Dave retired from his position as CEO to focus on his personal real estate investments. After three years in retirement, Dave could no longer resist the lure of reentering the business world. In looking at all the different types of businesses he had worked with over the years, none had more appeal to him than property management. With the luxury of hindsight, Dave was able to reflect on things that had created challenges and unhappy clients. After nurturing the idea for several months and launching a joint partnership with Mike Sargent, a dramatically improved property management model evolved.

About Mike Sargent - co-founder, real estate investor

Mike Sargent has personally owned and managed more than 30 investment properties, both residential and commercial, and was recently instrumental in growing a local Phoenix real estate investment and property management company into the largest property management firm in Arizona. His leadership, investment and portfolio management experience allowed him to rapidly expand the number of homes under management to 2,000 homes during his tenure.

Prior to this, Mike spent 18 years as an executive at Inter-Tel, Inc., a major public telecommunications company; and Cirillium, Inc., a hi-tech Inter-Tel spinoff, both headquartered in the Phoenix area, where he was influential in launching VoIP (voice-over Internet Protocol) to major clients worldwide by leveraging his software design engineer background, financial acumen and boardroom experience.

He is an experienced international traveler who has visited more than 30 countries. Mike has a Bachelor of Science degree in Computer Systems Engineering from Arizona State University.

About HomeLovers

To take the model of a drastically improved property management firm from an idea to fruition, Dave Zundel and Mike Sargent partnered in early 2008 to build HomeLovers, an Arizona-based property management company that specializes in residential rental properties including purchasing and managing rental property to building and growing a robust, profitable investment portfolio.

Their combined experience has allowed them to avoid predictable problems, implement technology in revolutionary ways to improve customer service and improve efficiency and profitability.

HomeLovers is rapidly establishing itself as a customer service leader in property management and today is one of Arizona's most rapidly growing home rental and property management companies.

HomeLovers is one of few property management agencies that offers its owner/investor clients instant access to real-time online accounting, documents and reporting. Ask about it today at www.homelovers.com.