Benefits of Using a Multifamily Management Company

 With so many individual units and tenants demanding their attention, an apartment owner has a lot of responsibilities. Among many other tasks, a landlord must market vacant units, arrange for repairs, track rental payments, and moderate disagreements with tenants. Taking care of multi-family communities can be quite demanding, but hiring a multifamily property management company can ease many of these burdens.

A multifamily property management company is usually a one-stop shop for all apartment community needs. Through property managers, these companies can help ensure that an apartment community is profitable for property owners by maintaining standards and full tenancy. In addition, property managers assist owners in setting competitive rent prices after comparing similar properties in the area. This is important for attracting the right tenants that will make a property profitable.

Property management companies also collect rent and set collection dates. They can enforce late fee policies if tenants are late on rent payments, as stipulated in the lease agreement. Property managers may also take over the tenant screening process and find prospective tenants.

Multi-unit properties often experience frequent tenant turnovers. Vacancies can happen year-round, which may impact revenue. Property management companies have the marketing skills and understanding of the local community to get those vacancies rented out as quickly as possible. They also endeavor to reduce tenant turnover through the provision of quality services and good customer service.

Landlords know that a single bad tenant can cause much legal and financial stress. An experienced property management company can protect property owners from potential financial vulnerabilities and lawsuits. The company’s legal team can nip potential lawsuits in the bud before they go to court. This saves landlords money and time that would have been wasted in fighting lawsuits, as well as potential damage awards to tenants.

Finally, hiring a property management company also comes with numerous personal benefits. By hiring a property management specialist, landlords won’t have to deal with evictions, late-night emergencies, chasing rent payments, filing paperwork, finding contractors to repair damaged property, and many other time-consuming and tedious tasks. Landlords can have more freedom to develop their broader investment plans or spend time with family and friends.

With the help of a property management company, landlords will not have to worry about micromanaging their properties or routine management issues such as property inspections.

 Dragone Real Estate's Verona at Naylor Metro Apartment renovation gave the old Lynnhill Condominium apartments in Prince George County, Maryland, a new look and safety features. The buildings’ upgrades include energy-efficient features such as LED light fixtures, new features in the kitchen and bathroom, and improvements to the building’s facade. Residents who move into the Verona at Naylor Metro apartments will live comfortably and be close to shopping, schools, and transportation hubs.

Verona at Silver Hill, located in Suitland, Maryland, is comprised of one, two, and three-bedroom apartments that come in four styles, the Rome, Tuscany, Pisa, and Naples. Each residence is fitted with bright interiors, wood-style floors, and white cabinets.

The apartments have spacious bedrooms with an emphasis on closet space. Its bathrooms also have tiled walls, and each unit contains an individual washer and dryer unit.

A luxury apartment building, the Verona at Silver Hill has a swimming pool and picnic and barbecue areas, a playground, on-site recycling, and cable and satellite access. A pet-friendly community, the complex also has a dog park. The community also offers residents plenty of off-street parking for residents and visitors, and residents have the option of reserving a space.

The Verona at Silver Hill is also conveniently located near transportation hubs, namely the bus line and the Suitland Metro station. Those who like to travel to Washington, D.C., can access the interstate, which is less than a mile away.

Verona at District Heights, another in the suite of Verona communities, offers one, two, and three-bedroom apartments in Forestville, Maryland. The apartment complex’s floor plans include the same ones offered at Silver Hill, but also offer residents the choice of the Milan, Venice, DaVinci, Colosseum, and Siena. All the apartments have an open plan with a kitchen that opens up to a spacious living room.

Here, residents have a range of amenities like the ones at the Silver Hill apartments. However, residents also have access to a sun deck (alongside the swimming pool), and convenient parking. Residents can also access a personalized portal system.

This complex is also close to area diversions, the interstate (easy access to Washington, D.C.), and various transportation hubs. Residents also have the option of visiting the National Plaza Mall, where they can visit museums, restaurants, and shops.

In Essex, Maryland, Verona at Middle River offers prospective residents the option of choosing from one, two, and three-bedroom, two-story townhouse style apartments in the Sicily, Capri, and Naples layouts. All apartments contain hardwood laminate floors, granite counters in the kitchen, and a skylight on the upper floors, allowing for more natural light to radiate into the space. Furthermore, the bedrooms feature extra-large closets.

The apartment has a dog park, laundry, playground, and picnic area, and offers residents easy access to nature, including a nearby dog park and scenic trails and wooded areas.

While surrounded by nature, the apartment community does offer residents the chance to take in local restaurants, which include seafood and Italian eateries. Residents can also shop at the White Marshall Mall and the 2nd Avenue Thrift Superstore, which is known for its many vintage items.