You’ve purchased your first investment property–congratulations on these steps towards creating long term wealth! Now what? Perhaps you’ve been self managing, and are ready to partner with a management company to free up your time. Westward360 can help you with a number of responsibilities, including:
The Main Point of Communication
Tenants require communication- rather than juggling texts/calls during your day job or while on vacation (or at midnight!), let us receive any inquiries on your behalf. Our 24/7 call center is staffed with team members versed in property management. Whether it’s an inquiry regarding a charge to their ledger or a burst pipe that requires immediate assistance, we’ve got you!
Handling the Financials
How you manage your property’s finances can be the difference between spending money and making money. With our real time owner portal, you’ll always know exactly what’s going on, but won’t need to worry about whether a vendor has provided the proper documentation or completed work when it’s time to pay the bill.
Stay On Top of Maintenance
Our dedicated dispatch team reviews every work order that comes in. We provide tenants tools to self help when appropriate (here’s how to change a light bulb) and ask them the right questions so we know exactly who to dispatch. We can also recommend preventative maintenance or improvements that will increase the value of your asset.
Leasing and Advertising
Our dedicated leasing team collaborates with your property manager to avoid vacancy and maximize rental price. We are versed in the Chicago real estate market and will create a listing designed for success! We’ll also handle the make-ready of your unit during our Zero Day Turn program.
Application Processing
Our application review process ensures compliance with fair housing laws. We’ll complete a thorough screening and offer a lease to the most qualified applicant! This includes reviewing credit, background, income, and residential history. They can also negotiate the lease on your behalf to obtain the most favorable terms, as well as collecting first month’s rent and move-in fee before counter signing the lease.
We make property management easy! Managing rental properties can be difficult terrain to navigate. Successful management requires strategy, plentiful and diverse resources, comprehensive knowledge of codes and regulations, and strong conflict resolution skills.
For more information about Westward360’s Rental Management services, click here.
