Management by Occupancy or Income

There are two very different views that Landlords in general espouse to. One view: get a good Tenant in my property. The other side of that view is, I need money now, just get a Tenant in as quick as you can. This polarized view is the “management for occupancy vs. management for income” debate.

Anytime we make decisions based on our personal need for money, it can often backfire. Part of our mission statement is to see that our owner’s property values are safeguarded and enhanced. In an age of constantly decreasing property values, the strength and quality of the tenant becomes the true value of the property.

Our in house statistics reveal that we approve only 25% of all Tenant leasing applications that we receive. That’s 1 out of 4 folks. The statistics also reveal that we only receive an application from 1 out of every 8 showings we have. Oh sure, we could throw just anyone into our owner’s properties. That would be called management by income. Our eviction rate is amazingly well below industry average. Why? We promote the management by occupancy philosophy. After all, it is in line with our mission statement:

“To provide first class property management services to our Owners and Tenants so that our clients’ property values are safeguarded and enhanced.”

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About Service Specialties

Service Specialties II, Inc. was founded in 1980 and is owned and operated by Catherine Bott (President). Service Specialties II, Inc. has managed thousands of properties over the years. Our services currently cover single-family homes, multi-units of varying sizes, apartment communities, office, retail, and industrial buildings as part of our portfolio of properties. With 30 years of experience and expertise in the management and real estate business, we are able to provide our clients with programs that exceed their expectations, maximize the value of their investment, and present information that gives them a thorough understanding of their financial position in their properties.
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