Table of Contents
- Oz Realty: The Top-Rated Toledo Property Management Company
- The Importance of Property Management for Remote Real Estate Investors
- Challenges Faced by Property Owners
- How Oz Realty’s Services Save Time
- How Oz Realty’s Services Save Money
- Ensuring Quality Tenants and Reducing Vacancies
- Oz Realty’s Legal Knowledge and Financial Reporting
- Emergency Response and Maintenance Management
Are you currently managing your rental property on your own, hoping to save money, but finding that the time and stress involved are actually costing you more in the long run?
Let’s be honest – managing properties is no walk in the park. It’s way harder than most people think. Are you really saving money by doing it all by yourself?
Sure, self-managing might seem like the cheaper option at first glance, but have you considered the hidden costs? The countless hours spent handling tenant issues, chasing down rent payments, and dealing with maintenance problems can quickly eat away at your precious time. And let’s not forget about the stress it brings.
Time is a valuable resource that could be better spent exploring new investment opportunities that could help grow your wealth rather than consumed by day-to-day property management tasks. Your time is too valuable to be spent solely on property management – let the experts take care of it for you.
When it comes to professional property management companies in Toledo, there is a name that stands out – Oz Realty. Established in 2014 as an ancillary business to Ohio Cashflow, a reputable turnkey property provider in the country, Oz Realty has quickly become the go-to choice for local and remote real estate investors looking for reliable and efficient property management solutions.
With over 300 properties under our management portfolio and a track record of excellence, Oz Realty has earned its reputation as the top-rated property management company in Toledo. Our team of experienced professionals understands the unique needs of out-of-state investors and has perfected the model of working seamlessly with them. More than 90% of their investors entrust us with their properties without ever setting foot in Toledo.
With the advancement of technology, remote real estate investing has become more feasible than ever before. Managing properties online is now easier with the assistance of property management companies. We act as your feet on the ground.
If your local market does not offer profitable and affordable investment opportunities, hiring a property manager to handle your remote rental properties opens up doors. Having a team to do the heavy lifting helps you diversify your portfolio and offers exciting opportunities for maximizing returns.
Are you a current rental property owner constantly confronted with the daily demands of property management?
While the idea of having a rental investment portfolio for long-term financial gain may be alluring, it’s essential to recognize the tremendous amount of hard work and dedication required to successfully self-manage these properties. Traditional rental property ownership is active, not passive investing.
Being a landlord entails hurdles that can test the resilience of even the most dedicated rental property owners, including:
- Finding and Keeping Quality Tenants Attracting reliable and responsible tenants who consistently pay rent on time isn’t as easy as it might seem, especially if you aren’t experienced in tenant selection. Finding trustworthy tenants quickly becomes an uphill battle.
- Tenants Not Paying on Time or Defaulting on Rent The hassle of constantly following up with tenants to ensure timely rent payments is stressful, time-consuming, and costly. Dealing with tenants who delay or default on rent payments can be mentally exhausting and financially straining.
- Handling Maintenance Requests and Emergency Repairs Imagine receiving a call about emergency repairs while enjoying a quality dinner with your family. How would you handle such situations without compromising your personal life or your tenant’s satisfaction?
From leaky faucets to faulty electrical systems, being responsive to maintenance requests is crucial in maintaining good relationships with your tenants.
- Keeping up with Local Regulations and Landlord-Tenant Laws If you’re investing in multiple states, keeping up with local regulations is essential to ensure compliance and avoid costly legal battles. Staying informed about changing laws and regulations protects both your interests as a property owner and your tenants’ rights.
- No Established Processes Do you find yourself lacking organization or efficient processes for managing your rental property? Without clear protocols in place, it’s easy to become overwhelmed by day-to-day operations. For example, what steps do you currently take when a tenant moves out? Are you utilizing an established move-out checklist, or is it more of a haphazard process? These are just the tip of the iceberg. Being efficient gets exponentially more complicated as you add more properties and deal with more tenants.
If you want big returns on your investment property, it requires time, energy, and money.
Managing the various challenges and responsibilities of property ownership without the help of professional property managers can be incredibly demanding, draining your time and energy. Let’s take a closer look at the time, energy, and costs involved in tackling these issues on your own.
Dealing with finding and keeping quality tenants, following up on rent payments, handling maintenance requests, and staying updated on local regulations all require a significant investment of your time. Imagine the hours spent advertising vacancies, conducting tenant screenings, collecting rent or chasing late payments, coordinating repairs, and researching legal requirements. It can easily consume a substantial portion of your day.
Managing rental properties involves constant multitasking and problem-solving. It requires being available around the clock to handle emergencies or address tenant issues promptly. This continuous demand for attention quickly wears you physically and mentally down.
Picture yourself trying to resolve a major plumbing issue in one property while simultaneously dealing with a dispute between tenants in another. Now add in the regular requirements of your career and family. The stress of managing these situations concurrently is overwhelming.
While self-managing may seem like a cost-saving option initially, it can quickly become a hindrance. Consider the potential financial implications in the long run. Mishandling tenant screenings could lead to unreliable renters who damage your property or default on their rent payments. Legal battles resulting from non-compliance with local regulations could incur hefty fines or even force you to sell off properties.
If you find yourself overwhelmed by these challenges and risks and feel like you can’t stomach the demanding nature of property management, then perhaps it’s time to consider an alternative approach.
Hiring a good property management company is time-saving and helps you mitigate financial risk. Our experienced property managers specialize in handling all aspects of property management while ensuring you enjoy a steady passive income from your investment portfolios.
We all want to add more hours to our day. While we can’t grant that wish, we can offer you the next best thing at Oz Realty: our comprehensive property management services designed to save you valuable time.
With our team in place, we take care of the time-consuming day-to-day responsibilities of managing your rental property. With all that extra time on your hands, you finally have the chance to pursue personal passions, focus on growing your business, or simply enjoy some well-deserved relaxation.
And the best part? Being a passive investor is no longer just a dream. With Oz Realty handling daily tasks on your behalf, you can confidently step back and enjoy the benefits of your investment. Let us be your time-saving solution.
At Oz Realty, we focus on saving you money and improving your bottom line.
We start by saving you money on maintenance and repair work through our established connection with tradespeople. Our professional relationships allow us to negotiate better prices and discounts because we offer them a higher volume of work. The cost savings we achieve through these are then passed on to our investors, helping them save money and take advantage of the efficiencies gained from our collective purchasing power.
Second, with our flat fee structure. Our pricing model sets us apart from other property management companies. Unlike most firms that charge a monthly fee based on a percentage of the rent collected (typically ranging from 8% – 12%), and then nickel and dime you left and right, we offer a different approach that prioritizes transparency to our investors. Our pricing structure revolves around a flat fee system, specifically our Diamond Package.
What does this mean for you? Well, it ensures transparent pricing without surprise fees sneaking up on you at the end of the month.
We keep it simple and fair, unlike other property management companies that tack on additional charges like leasing or maintenance coordination fees. With Oz Realty, what you see is what you get—a flat fee structure that benefits investors by providing clear pricing right from the start. This way, you can confidently plan your budget while enjoying our exceptional service.
Since 2014 our team has honed our efficiencies and systems to minimize vacancies and find the right tenants efficiently. Our current vacancy rate is impressively low at just 5%, and we typically find tenants for our investors’ rental properties within an average of 4 weeks.
Wondering how we do it? We’ve built a strong network and local presence to attract potential tenants. We reach a wide audience through online platforms, social media, and partnerships with real estate agents.
We take tenant screening seriously. We don’t just accept anyone who knocks on our door. We dive deep into background checks, employment verification, income confirmation – you name it! We check every reference to ensure we select responsible and reliable tenants who pay on time and take care of your property.
Once we screen high-quality tenants, we focus on retaining them to minimize vacancies through prompt responses to our residents’ concerns, great customer service, and proactive property maintenance.
Happy tenants stay longer, which means a lower vacancy rate and steady rental income for our investors.
Our team knows the ins and outs of property and local landlord-tenant laws and takes legal compliance seriously. We help investors avoid legal issues and the hefty costs that come with them. But how exactly?
Legal battles are costly, time-consuming, and highly stressful. Being a landlord puts you at risk. Our team takes care of legal compliance and stays on top of changes in legislation, so you don’t have to worry about missing any important updates. With our knowledge of contract negotiations, lease agreements, zoning regulations, tenant rights, and eviction procedures, we’ve got your back.
Oz Realty saves you from draining your bank account on lawyers’ fees or compliance penalties by avoiding legal disputes from the start.
We all know that managing properties can be a financial headache. But with Oz Realty’s financial reporting process, it becomes easier with the help of technology.
We use AppFolio to simplify everything from rent collection to expense tracking. You get real-time updates and financial reporting to easily monitor your property’s financial performance.
We provide comprehensive reports with income statements, balance sheets, cash flow statements, inspection reports, and customized analytics tailored just for you.
Our team handles legal compliance while making your property management hassle-free, leaving you with peace of mind and more money in your pocket. It’s time to enjoy true passive investing.
Accidents happen, but when they do, our team has systems in place to respond swiftly and efficiently.
At Oz Realty, we’re equipped to handle emergencies with speed and efficiency. When unexpected events occur, like a burst pipe or a sudden power outage, we’ve got a protocol in place. By acting promptly during emergencies, we prevent further damage and help you avoid costly repairs down the line. We prioritize the safety and satisfaction of our tenants and strive to save our investors hard-earned cash through proactive maintenance.
The Oz Realty team keeps your property in tip-top shape without breaking the bank. We have established relationships with a network of skilled contractors who specialize in maintenance and repairs.
Our partnerships allow us to negotiate amazing deals for our clients. They provide cost-effective solutions without compromising on quality, so we’re able to save you money on all your tenant’s maintenance needs. Access to this network means that any repair or maintenance request will be handled efficiently while ensuring top-notch service at competitive prices.
Having more time to focus on what truly matters, like growing your investments or simply enjoying your life, is priceless, which makes a reliable property management company invaluable.
Why struggle to manage on your own when a better solution is available?
Say goodbye to the complexities of traditional real estate investing. With Oz Realty, passive investing has never been easier and more stress-free. Start growing your wealth today with confidence and peace of mind with one of the best property management companies in Toledo, Ohio.
Contact us now and discover how Oz Realty can transform your investing journey into a seamless, profitable, and rewarding experience.