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We’ve compiled eight of of the most frequently asked questions by those who are looking to hire a property management company for their investment portfolio. And we’ve answered by our own Business Development Manager, Nate Schweers. Let’s take a look:

What differentiates RPM from other property management companies?

We are not rent collectors. We are wealth builders. Our niche is helping our clients create wealth through real estate, and we make our daily decisions based on that. Property management is a byproduct of what we do.

What does a Property Manager do?

They’re not only the eyes and ears of the investment properties, they’re experts in the field. They know the ins and outs of the Iowa landlord / tenant laws and specialize in protecting the return on investment for our owners. 

What kind of maintenance vendors does RPM Iowa use?

Our vendors are our partners. They represent us when they show up to complete jobs. They’re a reflection of us, so we ensure that the quality of work they do and how they communicate with our investors and residents to our standard.

How will I know what’s going on with my investment property?

Our communication models allow our clients to be in the know. We have plans that allow for constant updates on your portfolio, including the ability to approve or disprove maintenance requests as they roll in. You won’t be left in the dark if something big or small happens with your property.

How do you retain tenants to minimize turnover?

Our thorough and efficient application process that ensures we put only the most qualified residents within your property. We don’t pick people who will just pay the rent on time every month. We pick residents that we think will treat your property as if it were their own. Tenant retention nationally peaked at 58% last year and our average was nearly 70%! 

How do you come up with the rental rates?

With over 25 years of combined real estate experience we have multiple ways to determine rental value. We use our intuitive programs and software, competitive market analyses, and our hundreds of comparable properties in our system to find the most accurate rent rate for your property. 

What does the pricing structure look like?

Our flat fee model allows you to get the most out of your investment without you having to pay the consequences of an increased rental rate over the years. So when the market calls for an increase in rental rates, or your property gains value through renovation, your cash flow will increase and your management fees will remain the same.

What does the onboarding process look like?

Easy and simple is the name of the game. Our “one touch” onboarding process gives owners the opportunity to get acquainted with our finance, property management, and leasing teams through one person rather than having to deal with many different people and departments.

Questioned and answered.

Now you know what questions to ask a property management company while you search for the perfect match. If you think of anything else you’d like to know, schedule a consultation with us today.