Are you a condo owner looking for a stress-free management experience? Look no further than Essential Property Management for all of your condo management needs. As an owner, you want to be able to provide exceptional service to your tenants and make their rental feel like home.
By hiring a property manager for your condo, you’ll be able to avoid the worries and headaches that come from the challenges of running a rental business.
Essential Property Management has been serving property owners in the five boroughs of New York City as well as Long Island for twenty-five years now. Our experience is evident through our success in maximizing owners’ ROIs.
We'll be there for you every step of the way. When you work with us, you can rest assured that your rental property will flourish.
If you’d like to get in touch, we would love to hear from you to have a chat regarding your condo management needs. You can call us at (516) 868-5224 or fill out the form here.
Working With Us
When you hire Essential Property Management, you aren’t just choosing to work with any standard property management company. Our team recognizes your condo’s management as its priority. We strive to provide you with only the best services to increase your property’s earnings.
The four cornerstones of our company are what make Essential Property Management unique in how we work with you.
We have deep local knowledge of the New York condo rental market. We are always engaged in managing your property, and we go out of our way to make sure we're available any time you need.
For any and all requests pertaining to your property, we are available through a 24/7 monitored emergency number.
In our twenty-five years in the New York property rental industry, we've experienced first-hand how important good communication is for the success of any rental property. That's why we always go out of our way to insist on clear, transparent communication every step of the way.
Unlike property managers who markup work with a percentage service fee, we work with a fair flat-fee.
That means there's no incentive to make higher service fees by getting the most expensive quote. Instead, there's every incentive to please you with the best value quote.
We provide you with monthly, detailed reports that go over your investment's revenue and expenses.
These helpful reports include breakdowns of every relevant expense, including repairs and maintenance.
Our Condo Management Services
Essential Property Management has to tools and resources to make your condo rental a success. We always put our relationship with you first, and our personalized, reliable services showcases this. Here are the services we provide:
1. Marketing Your Condo
It can be difficult to find tenants to fill your condo vacancies. When you work with Essential Property Management, we do the job for you and effectively advertise your condo. Our team uses marketing techniques that can find you a tenant quickly, even within a matter of days!
Essential Property Management can get you a good estimate of how quickly we find you potential tenants. We base this on certain factors, including property type and location.
We’ll market your condo using both online and offline means. Online, we’ll list your property on top rental listing sites and social media accounts.
Offline, we’ll place physical “For Rent” signs around several locations, flyers and posters. We’ll also host open houses for your property.
2. Tenant Screenings
It’s crucial that your property houses only quality tenants. Without proper tenant screenings, future problems could arise long-term, making for a more stressful condo management experience. Problem tenants could eventually cause negligent property damage, and could fail to pay rent on time.
With Essential Property Management, strict screenings are imposed, and we take this process seriously. We want only the best tenants for your condo. For us, this means tenants who pay rent on time, renew their leases, and notify us as soon as issues arise.
Our screening process checks for important background information. We look into potential tenants’ income and creditworthiness, as well as criminal, rental and employment backgrounds.
3. Rent Collection
Essential Property Management can be there for you in every aspect of managing your condo, including rent collection. Rent is the backbone of any rental property, and is important to its success. Late or missed rent payments can eventually lead to negative cash flow, which is the last thing you want.
When you work with us, we make sure the lease agreement clearly details the policies regarding rent payment to help make missed payments a thing of the past. If an eviction becomes unavoidable, rest assured that with our expertise in New York's eviction laws, the process will go smoothly.
4. Property Maintenance and Repairs
Property maintenance is another one of Essential Property Management’s top priorities regarding your rental business.
Following local health, safety and building policies through property maintenance keeps your tenants happy and keeps the risk of large-scale issues to a minimum. In other words, repairs won’t become as serious or as costly.
When tenants make repair or maintenance requests, you can stay worry-free knowing that our team will handle these calls 24/7. At any time, day or night, we will be at your tenants’ beck and call in your place.
Moreover, we have a wide network of repair and maintenance professionals. This means we pay lower costs for expert services. We work with only the best for your condo!
5. Financial Reporting
Essential Property Management will provide you with regular updates on the performance of your condo. With financial reports and breakdowns of several areas of your business, we make sure you’re aware of every step taken.
Accessing these reports is simple and convenient. By logging in to our online portal, you can view them from anywhere at the click of a button.
About Essential Property Management
Our twenty-five years in the property management industry makes us the top choice for your condo’s management in Long Island and the five boroughs of New York City.
We provide exceptional service, commitment and strong relationships with our clients, increasing property success.
With our widespread variety of services, your property is in good hands. We’ll market your condo, screen potential tenants and collect rent, as just a taste of what we do.
Contact us today by calling (516) 868-5224, or by leaving a message here.