We’re Invested In Your Success
While owning rental property can be lucrative, particularly in a college town where a large number of renters are available to draw from, it is a stressful endeavor as well. You have to have a plan in place to deal with the realities of owning rental properties, such as middle-of-the-night client phone calls, maintenance concerns and marketing. Those problems do not have to be yours with the help of Laramie Property Management Group.
When you partner with Laramie Property Management Group, your properties will remain in great condition, filled with tenants who have been properly screened. This gives you the convenience of simply sitting back and enjoying the benefits of your rental properties, without the stress.
Our mission at LPMG is basic. We strive to relieve the stress of owning rental properties, grow the asset’s value, decrease the costs associated with ownership, and, ultimately, make the property more profitable.
All the Benefits, None of the Stress
In an effort to relieve the stress of ownership, we provide our owners a degree of separation from the tenants, contractors, and maintenance personnel. We find and vet prospective tenants, handle all maintenance calls, (no more midnight calls about a plugged toilet, etc..) and coordinate any necessary repairs or improvements. We also track all of the costs associated with ownership and provide end-of-year accounting (1099’s, profit-loss and cash-flow statements), consolidating everything you need to bring to the accountant into a neat package.
Real estate inherently appreciates, but deferred maintenance can depreciate a property far quicker. LPMG is a firm believer in the adage “a stitch in time saves nine.” We have streamlined the process for tenants to report ANY issue with the property, because fixing a leaking p-trap is much easier and cheaper than replacing a cabinet, and sub-flooring, and the roof of the basement apartment… you get the point.
This ties in directly with decreasing the cost of ownership. In addition to preventative maintenance, we also have working relationships with several vendors in town which has allowed us to cut costs on plumbing and HVAC costs. In addition, we have a sister maintenance company that is available to owners if they choose to use them which can handle most facets of construction.
Ultimately all of these things coalesce into financial savings and increased rent revenue. The bottom line is we keep our properties nice, which allows us to find better tenants, charge more in rent, and keep the apartments rented, all of which spell a more profitable investment.
Laramie Property Management Group
269 N. 3rd street.
Laramie, WY 82072