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Owner FAQS

Answers to your common questions

  • Why should I hire a property management company for my investment property?

    1. Your investment requires careful attention to accounting and management procedures. Like using an attorney for legal matters, a reputable property management company can help you negotiate the maze of policies and procedures that come with owning and operating a property. For instance, we use continually updated forms that cover all aspects of operating your property. From complete and concise contracts for resident managers to new tenant information, IPM offers you and your residents an organized, effective approach to property management–an approach that pays substantial dividends over the long term.
    2. Your investment property can produce higher net income using established management procedures. Our experience has taught us that the key to overall, consistent profitability is maximizing rental rates and controlling expenses. Periodically, we survey the various markets we serve to help reassess our rental rate policy. We're careful to balance the need to maximize rental amounts with the need to minimize tenant turnover, helping you realize a higher net income while saving you money.

    Your professional property manager will track costs by reviewing your accounting statements monthly, noting items that require action or explanation. By carefully analyzing the numbers, we can spot details not readily apparent from your statement. We'll pass this information on, discuss cost-saving ideas, and review procedures that can bring in additional revenue.

    It's this personal service from a reputable property management company like IPM that can mean profitability for you and better service for your tenants.

  • Why choose IPM Co. as my management agent?

    40+ years' experience in property management. We can help you make the management decisions that will keep your property within budget and that will perform well in both good and bad markets. Rely on our expertise to guide you through the various stages of property ownership in a variety of market conditions.

    Accredited Management Organization designation by the Institute of Real Estate Management, one of few firms in the U.S. to have this designation.

    Professional staff. We have multiple Certified Property Managers on staff as well as several CPM candidates. We're known for our careful attention to detail and our ability to assist clients in all aspects of property management.

    The ability to spot trends in the market and deploy our assets to maximize value for our clients is what separates our proactive approach from other management firms.

    Persistence. We measure and evaluate your property's progress, including regular review of the operating budget and results, and work with you to make sure you're getting the most value from your property investment.

    Long-term relationships. Many of our clients have been with us 10, 15, even 20 years. These relationships don't simply happen–they are built on trust over time.

  • What type of accounting software do you use?

    We offer our clients a wide range of reporting options featuring SKYLINE and Yardi, our software package with both cash and accrual accounting capability.

  • How many apartment communities does IPM Co. manage?

    IPM Co. provides management services to more than 200+ communities which includes over 8,500 apartment units and 1,000,000 square feet of commercial space.

  • What does IPM’s Accredited Management Organization designation do for me?

    Only a relatively few firms nationwide have earned the right to be called an Accredited Management Organization as awarded by the Institute of Real Estate Management. As an AMO, our qualifications and experience are reviewed periodically by the Institute. Information such as insurance coverage and other qualifying items are reviewed and we are re-certified for a specific number of years. Our professional designations are important indicators of our commitment to professionalism, fairness, and dedication to our clients.