Mendell Gosnell, CPMPrincipal Broker, Centurion Real Estate Services · Helping Real Estate Investors Build Generational Wealth Through Smart Property Management | Branch Offices in Salem, Corvallis, Eugene and Redmond.

How a Professional Property Management Company Looks After Your Salem, Oregon Investment

27 Jan 2015 · 2 min

Watch on YouTube

1:57

In this concise presentation, Mendell Gosnell, owner of Centurion Real Estate Management, outlines what distinguishes a professional property management firm from basic property caretaking. He first lists the essential duties—rent collection, vacancy filling, tenant communication, maintenance scheduling, and reporting. He then expands on higher‑value services such as frequent property inspections, cost control, liability reduction, market research, tenant‑focused solutions, and benchmarking against industry standards for income‑expense ratios and vacancy trends. Finally, he emphasizes the importance of seasoned real‑estate knowledge, landlord‑tenant law expertise, and the wise application of that knowledge to make prudent, timely decisions on behalf of property owners. The talk ends with an invitation to contact the company for further questions.

Chapters

Hi, my name is Mendell Gosnell. I'm the owner of Centurion Real Estate Management. Today I'd like to talk to you about how a professional property management company looks after your investment. A professional property management company should really go beyond just managing the property. They should be leading the property. Of course, the basics of management: collecting rents, filling vacancies, being the point of contact, scheduling maintenance, and providing reports. But great management really should be going beyond just the basics. They should be doing frequent inspections, controlling costs, and minimizing liabilities while maximizing the bottom line. They should be doing frequent market studies, understanding the trends, market rents, and what amenities and offerings renters want. They should have an ability to work with tenants and provide equitable solutions. Benchmarks. A great property management company will also know the industry benchmarks for income and expense ratios, current vacancy rates, trends, and they'll be measuring their success against those benchmarks. Benchmarks. And lastly, wisely. Wisdom has been defined as the correct application of knowledge, and that is precisely what a great manager or great property management company should be doing in managing your investment. They should have great experience and knowledge of the real estate industry, landlord-tenant law, and the legal requirements, and they should watch the right things, paying attention to the details and making timely and prudent decisions on your behalf. If you have further questions, please contact us today.