Kaitlyn from Freedom Real Estate Group talks with Chris at Independence Property Management about why investors hire property managers. IPM handles maintenance, contractor networks, and streamlined systems across Dayton to Cincinnati, and adapted operations during COVID.
Questions this video answers
Vlog 19
Mid to early 2019
Just under 500 doors under management
Over 150 clients
Signed over 30 leases last month
Foreign Hi guys. Kaitlyn here, your marketing and communications coordinator for Freedom Real Estate Group and its family of companies. And today is vlog 19. And we are back with our property manager for Independence Property Management, Chris. And the purpose of today's Vlog episode is we're going to talk about why investors should hire a property management company, the pros of it, and why ipm. So I'm going to let Chris take it away.
Yeah, so I mean, I guess the first question is why property management? So the goal of property management in general is just to make it easy on the investor. A lot of real estate owners that choose to do rentals or have rentals usually have full time jobs or they have other side gigs or they're in our case, a lot of ours are in different time zones or different countries and they don't always have the time, the bandwidth to be able to find residents to coordinate maintenance and do all the things that are needed to actually have a cash flowing asset. So property management is that answer just quick and easy, just make it simpler?
Yeah, absolutely. And they don't really have to worry about anything if from my understanding they just, you know, let Chris and leasing agents handle everything and they can just collect that cash flow.
Right, yeah, perfect.
So what, why specifically would you say ipm?
Well, and this is as unbiased as I possible by the way, ipm, we just want to do it a little bit differently. You know, our goal in IPM is to be specifically investor friendly. So we were originally created for a targeted market of turnkey investors that buy properties from the Freedom Real Estate Group already with a tenant in place and just to manage that type of asset. And then we've now developed and accepting clients outside of turnkey, but all have the same mission, to have a cash flowing real estate asset that has a tenant in there that is, like I said, cash flowing key, major big deal there. So with us, a few things we do differently is, you know, like we're constantly making sure that we get the best of market pricing. We have several contractors and subcontractors that we work with that give us priority and best pricing available to try to get maintenance. And all those costs incredibly low. And then, I mean, we have a numerous amount of systems that help streamline and make property management easy and fast and accurate and consistent.
Absolutely, yeah.
So one of the things that we've done is, you know, we started in 2019, mid to early 2019, and we've grown this company to just under 500 doors under management and that includes single family, multifamily and larger apartment complexes. We service over 150 clients, with the portfolio stretching from well, north of Dayton all the way to Cincinnati. We're growing that Cincinnati market a little bit more now. You know, and then one other thing that's, like, really important when it comes to property management. And one thing that we've taken under our wing and really nurtured is this new Covid environment. It's been really a learning curve to navigate, and I know a lot of our clients are having that same, like, okay, what now? So one of the things we do is we take extra care and we stay on top of the market trends for how properties are being managed within this Covid environment and how best to serve not just the client, but the resident as well.
And I think that has also helped us a lot with decreasing leasing timelines by being able to show more properties in a shorter timeframe, which is great for turnover rates.
Yeah, actually, last month, the numbers just came in. Last month, we actually signed over 30 leases.
Amazing. Well, there you guys have it. If you guys have any more questions related to Independence Property Management, and you guys want to talk to Chris, please.
Give him a call at 937-704-6000. That's 937-704-6000.
Perfect. We also just launched our website. It is beautiful. I'm a little biased. It is independencemanagement.com if you guys have any questions, like I said, please feel free to reach out or comment below and we will reach back out. Remember, invest smart, live happy. Thank.
