Why Utilize Property Management?

• If You Live Out of State or Right Next Door to Your Property: The state of Tennessee requires a real estate license to manage and handle all real estate properties (ie. applications, certified inspections, and proper postings). We here at T. Wright properties are licensed and insured.  Using our property management company would allow you to sit back, relax, and enjoy the revenue. 

•  You Never Have To Be The BAD GUY: 70% of a property manager’s time is spent enforcing your lease and making sure that rent is always paid. If imposing late fees, late night phone calls regarding noises, and sorting through excuses of why tenants didn't pay their rent isn't your idea of spending your nights after work, then you need a our assistance.

• Are You Mr. / Mrs. Fix It?: If you know you’re not handy around the house with leaks, squeaks, and clogs, you will spend more time than you think calling and coordinating maintenance requests. We have professionals in place around the clock, saving you time, money, and hassle.  Utilizing our management company will make it seem like the problems fix themselves.
  
• Financial Records and Security Deposit Escrows: T. Wright Properties will provide detailed income and expense reports as well as statements every month saving you the bookkeeping headache. In addition, we will also manage your security deposit escrow funds, making sure you are in compliance with local and state regulations, and provide you with an end-of-year tax report for your accountant or financial adviser.
  

• Low Costs: T. Wright Properties offer low cost monthly management fees.
  

• Free Time: T. Wright Property Management Company will free up your time so that you can focus on other activities. Do you have two days to spend at a court house? Most evictions, however rare, can require you to spend two half days at the court house filing complaint orders, process servers, plus lengthy court appearances.  We are a full service management company that handles collections and evictions, in a prompt and professional manner.

• Payment: Tenants are more likely to pay on time if a professional company is managing the property because systems are in place to collect rent, enforce late fees, post notices, and even report to credit bureaus or refer to collections.

• Make More Money Doing Something Else: Dealing with your property will take time and energy away from your day job. T. Wright Property Managers spend their days and nights dealing with all issues relating to rental real estate – do you? What if a tenant poses a question you don’t have the answer to, where do you turn next?

• Professional Knowledge of the Rental Market: T. Wright Property Managers have extensive local knowledge of rental rates and have the ability to determine the highest rental rate possible for your property. With the internet and the ability to conduct large scale searches for rental properties, potential tenants know if your property is overpriced, even by $25. Over priced properties remain vacant while other properties remain occupied. Knowledge of rental rates is a key factor to fast rentals and quick cash flow. If you go vacant for one month, you might as well have accepted $100 less per month, on average! We help you to maintain and achieve the highest possible return on your investment. We will provide you with the knowledge of what repairs are necessary, and what repairs are a tenant’s way of punishing you with petty requests.
  
• Property Laws and Regulations: T. Wright Property Managers have extensive and up-to-date knowledge of property laws and regulations, and will assist you in making sure you are in compliance with your local, state, and federal rules and regulations. These rules and regulations include: complying with fair housing regulations, the Americans with Disabilities Act, and other applicable local, state, and federal laws.

• Tax Deduction: Fees paid to a licensed property manager, T. Wright Properties, are considered professional services and entirely tax deductible.