On a recent Friday, part-time landlord Steve Rose had 20 possible tenants anxious to see his newly available apartment. But instead of spending the day showing the property and taking information on the visitors, he turned to a new Arlington business to do it for him.
Leaseably, Rose said, “had everybody scheduled, gave me a summary of all the applicants, did the background checks on them all and made it well worth the money.”
For Rose, a self-employed businessman with three investment properties, Leaseably listing services saved him time, effort and possible aggravation in finding a new tenant.
Finding tenants is just one of the services Leaseably offers. Leaseably is an Internet-based virtual assistant — with a staff of property management experts and Realtors behind it — that handles the copious details of property management for landlords, from dealing with calls requesting home repairs to finding the qualified and licensed repairmen to make them.
“A lot of people don’t want to sell their homes in Arlington, they want to rent them for a profit–with a property management company that offers quality and transparent services,” said Miriam Bolanos, who founded the company with her sister Brenda.
Traditional property managers can charge anywhere from 8 percent to 15 percent of the monthly rent charged to a tenant. That’s a deep cut into a property owner’s pockets.
“That model has to change,” co-founder Brenda Bolanos said. “Leaseably helps landlords rent and manage their rental properties with ease and confidence at a reasonable price without any hidden fees.”
Property owners such as Rose have found Leaseably to be agreeably inexpensive. He pays $70 a month to Leaseably for rental property concierge services to answer the calls from his tenants, to send reminders to collect the rent on time, to coordinate repairs, to keep track of expenses and to handle the various transactions that naturally accompany a monthly money-making endeavor.
“In my experience, a property management company takes up to 10 percent,” he said. “Why would I pay 10 percent? I would do it myself, but for $70 a month, I’ll let Leaseably do it.”
Leaseably has several sensible management plans to accommodate the property owner’s own involvement, but all of it with timely, efficient and courteous service to the tenant and the landlord.
Rose’s bottom line on the bottom line, echoed by others: “It’s been great.”