Apartment, condominium, HOA, REO, & other property management services by Real Property Management Summit in Staunton VA.
Real Property Management is the expert in managing property, including Apartment Communities, Common Interest Communities managed by Homeowner Associations (HOAs), Real Estate Owned (REO) properties, and Commercial property.
Managing apartments with 10 – 50 units can be complicated. Our focus is to provide the maximum return from your investment without the work associated with the day to day running of the apartment complex. We are familiar and comfortable with the regional culture as well as local and state laws. We are well qualified and experienced to manage small to mid-sized apartment communities. The services we provide can include leasing agreements, rent collection, cash dispersal, and tenant relations and also 24 hour, seven days a week, maintenance and repair service. We can even staff your community if you require on-site presence.
Real Estate Owned Properties
Real Estate Owned (REO) properties (foreclosed properties owned by a bank, government agency or government loan insurer) can be found in nearly every neighborhood across the country. Bank REO properties are frequently in poor condition and need repairs and maintenance, both to satisfy property upkeep laws and to preserve the property’s value for selling purposes.
In addition, the Protecting Tenants at Foreclosure Act (ProTAFA) basically gives a tenant the right to stay in a foreclosed home if they have a lease, forcing banks, and in some cases individual investors, to become the landlord. Real Property Management has the knowledge and experience in working with institutions to preserve foreclosed properties and abide by ProTAFA.
We can manage commercial property in addition to residential property.
A commercial property building often hosts a number of distinct tenants, for example, a shopping plaza may only be one building, but hosts a variety of businesses – each with their unique needs. As the property management company, we not only ensure each tenant is paying rent and other fees such as utility payments and CAM fees, but also ensure timely common area maintenance. Negotiations with tenants and the potential problems associated with commercial properties can be complicated however we pride ourselves with maintaining a harmonious relationship with the owners of the properties under their control, as well as with the tenants.
Our professional team possesses a great deal of knowledge on prevailing laws and the requisite expertise to deal with your unique commercial property. We are also prepared to conduct frequent property inspections and direct day-to-day maintenance issues to avoid costly problems and inconveniences.