WELCOME OWNERS
MANAGING YOUR PROPERTY WITH INTEGRITY
Ron Riddell
President & Broker
Hi Folks,
Before reading anything else on our web site, I kindly ask you to read this!
I've always prided myself on my honesty and integrity in serving the public. I operate Promax under the same moral compass. Looking back I recall a fellow real estate agent telling me I was too honest to be in real estate. This saddened me deeply.
My passion for real estate started in 1984 when my partner and I bought our first home. It was a new home in wonderful community called Springfield Oaks. We met several times with the on-site sales rep viewing floor plans and making final decisions on the type of home we were looking for. During one of our visits we watched the sales agent struggle to assist a hearing-impaired couple. My partner was fluent in ASL and taught at Gallaudet. The sales agent asked if we would assist! We were delighted to do so. It was then that we discovered that there were few, if any, agents fluent in ASL and serving the deaf community.
We both obtained our real estate licenses, and quit our full time jobs. Thus began my 35 year journey in the real estate profession. Although our initial clientele was the deaf community our service to the community expanded exponentially. The first year however was a lean year. To supplement our income I took a full time position at a private practice law firm assisting 2 attorneys with real estate closings. My primary job was title searching which took me to all the local courthouses! Listening in on court cases was fun stuff for me!
In addition to sales, and discovering the need for good property management, I added property management to our list or services in 1988. I formed and incorporated Promax in 1990. Starting with just 1 property Promax has grown to 500 properties, at which our portfolio is capped. My goal is quality not volume. By the way, one of my first clients was a Foreign Service Officer.
Since that time I am proud to share with you that my personal sales volume is $135,000,000.00. Promax total sales and leasing transactions volume since its inception is $249,566,552.00 verified through the Bright MLS system.
WHAT WE DO FOR YOU
Most Property Management Companies Offer:
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Accounting, accounts payable, receivables, and monthly owner distributions
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Monthly statements, end-of-year summary, IRS Form1099
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Handle Maintenance and repairs
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Emergency response and after hours coverage
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Routine periodic inspections
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Tenant procurement includes screening, credit history through Equifax, employee/income verification, and landlord references
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Professional marketing of your home through Bright MLS.
What We Do Differently?
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Professional after-hours and emergency response for your tenant as well as a Promax Team Member
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Extensive and on-going photo history of your home
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Comprehensive Tenant Pre-Occupancy Tenant Orientation Session
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Your active participation on the selection and approval of tenants, terms of leases, and lease renewal
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Your active participation in the maintenance and care of your home
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Weekly Staff planning and training sessions
What We Don't DO!
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Hidden fees
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Kickbacks or other forms of consideration from vendors and contractors
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False, misleading, or for paid accolades
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Purchasing of reviews
Why Hire a Professional Property Manager in Northern Virginia?
As an absentee home owner in Northern Virginia, you may be considering hiring a professional property manager to take care of your investment.
While it is possible to manage your own property, there are many benefits to working with a professional company like Promax Management. Promax offers a wide range of services that can save you time and money, from accounting and monthly statements to handling maintenance and repairs.
We also offer emergency response coverage and routine periodic inspections so you can rest assured that your property is in good hands.
Plus, our tenant procurement process includes screening, credit history checks, employee income verification, and landlord references so you can be confident that only qualified tenants are living in your home.When you work with Promax Management, we will actively market your rental property through Bright MLS – ensuring that it gets the exposure it needs to attract quality tenants quickly.
And because we understand the importance of maintaining open communication with our clients throughout the duration of their lease agreement, we promise to keep you updated on all important developments regarding your rental property. If you have any questions, please don't hesitate to contact us.
We would be more than happy to discuss Promax Management's services in further detail with you.
Table of Contents:
The Benefits of Hiring a Professional Property Manager
When you own an investment property, there are many responsibilities that come along with it. From finding and screening tenants to maintaining the property and collecting rent, being a landlord can be time-consuming and stressful.
Hiring a Promax Management can take some of the burden off of your shoulders because we handle these tasks for you.
Here are just a few benefits of working with Promax Management:
1. Peace of Mind - When You Have Promax Managing Your Property, You Can Rest Assured Knowing That It Is in Good Hands.
This frees up your time so that you can focus on other important things in your life without having to worry about whether or not everything at your rental is running smoothly.
2. More Time to Focus on Your Goals - If You're Like Most Landlords, You Didn't Get Into the Business Just to Be a Property Manager.
You likely have other career or family responsibilities that take up much of your time. Hiring Promax to handle the day-to-day management of your rentals lets you focus on what's important to you without having to worry about whether or not your tenants are happy.
3. Better Tenant Retention - A Good Property Manager Will Work Hard to Screen Tenants and Make Sure That They Are a Good Fit for Your Rental Unit(s).
Promax will handle any issues that may come up during the tenancy in an effort to keep problem renters from moving out and leaving you with an empty unit.
4. Increased Rent Collection - When It Comes Down to It, One of the Most Important Jobs of a Property Manager Is Collecting Rent from Tenants Each Month.
Promax Management has systems in place to make sure that rent is collected on time, every time.
5. Expert Knowledge - A Good Property Manager Will Have a Wealth of Experience and Knowledge About the Rental Industry.
Promax is up-to-date on all applicable laws and regulations and will know how to handle any situation that may come up with your tenants or your property.
Overall, working with a Promax Property Management can provide you with peace of mind, more free time, better tenant retention, increased rent collection rates, and access to an expert's advice when needed.
If you're looking for someone to help manage your investment properties, contact Promax Management today!
Key Takeaway: Hiring a professional property manager can take some of the burden off of your shoulders by handling these tasks for you.
The Services Provided by Promax Management
As a full-service property management company in Northern Virginia, Promax offers an array of services to our clients. Rental property management is one of the main services we provide.
We understand that being a landlord can be time consuming and challenging, which is why we offer our professional assistance. In addition to rental property management, we also provide leasing services.
We will help you find qualified tenants who are ready and willing to move into your rental unit(s). Once they have been screened and approved by you, we will work with them to sign the lease agreement.
Once your tenant has moved in, Promax will continue to assist you by handling maintenance and repair requests as well as financial reporting. You can rest assured knowing that your investment is in good hands!
Why You Should Choose Promax Management
When it comes to choosing a professional property manager in Northern Virginia, there are many factors to consider.
Here are just a few reasons why you should choose Promax Management as your professional property manager:
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We have a proven track record of providing excellent service to our clients and their tenants.
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We are dedicated to protecting your investment and maximizing your return on investment (ROI).
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We offer a wide range of services that will save you time and money – from accounting and monthly owner distributions, to routine periodic inspections and emergency response coverage.
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Plus, we professionally market your home through Bright MLS – ensuring that it reaches the widest pool of potential renters possible.
Contact us today to learn more about how we can help you achieve success with your rental property portfolio!
What are 5 different roles and responsibilities of property managers?
Professional property management is important because it helps landlords maximize their rental income, while also protecting their investment.
A professional manager will screen tenants carefully, handle all the day-to-day tasks associated with running a rental property, and respond quickly to any problems that arise. This peace of mind is worth the cost of hiring a professional manager.
The roles and responsibilities of a property manager can vary depending on the size and type of property they are managing.
Generally, however, these are five key duties that most managers will be responsible for:
Maintaining the condition of the property: This includes tasks like coordinating repairs and renovations, performing regular inspections, and making sure that common areas are clean and well-maintained.
Handling finances: A big part of a manager's job is keeping track of the income and expenses associated with the property. This includes collecting rent from tenants, paying bills related to upkeep and maintenance, and preparing financial reports for the owner (or owners).
Managing Tenants: Another Significant Responsibility is Dealing with Tenant Issues as They Arise; This Can Include Everything from Handling Complaints to Processing Evictions (in Extreme Cases). In addition to addressing problems as they come up, good property managers also work proactively to prevent issues by carefully screening potential tenants before approving them for tenancy.
Complying with Laws and Regulations: Property management also involves understanding and adhering to all relevant state and federal laws pertaining to things like housing discrimination, fair housing practices, lead paint disclosure, etc. Additionally, many municipalities have their own set of rules governing rental properties which must be followed.
Marketing Vacant Units: One Final Essential Task Is Finding New Tenants When Units Become Available; This Generally Means Advertising Vacancies Online or in Print Media, Showing Spaces to Interested Parties, and Processing Applications and Leases.
At Promax, we pride ourselves on offering comprehensive and professional property management services. We understand the importance of accounting, maintenance, repairs, emergency response, inspections, and marketing for your home. With our experienced team members and state-of-the-art systems in place, you can be assured that your property is in good hands. Contact us today to learn more about how we can help you manage your property effectively and efficiently!