Garden Brook Realty adds property management services for local rentals—both long- and short-term
Garden Brook Realty has expanded to offer high-quality property management in the Prescott quad-city area.
Realtors Christine Miles and Lauren Lessard, along with Garden Brook Broker/Owner Diann “Dede” Erceg decided to start the property manager division of the company early in 2018, because, as Christine said, “We kept hearing there was a local need for upscale property management.”
When it comes to renting versus owning, Lauren explained that often, people like not having to worry about normal repairs and maintenance. Renting also works well when people are trying to repair credit to be able to qualify for a home loan.
The Garden Brook team has seen an increasing demand for rental homes coming from both investors and renters. The Prescott area has so much to offer. Investors want to buy more real estate to build their portfolios, yet there is always an increasing demand for rental properties as the community continues to grow.
“We aim to treat both sides fairly. We strive to find qualified tenants who want to stay long-term,” Lauren said.
While it can be time consuming and costly for property owners to find good tenants, Garden Brook Realty can take on this task for homeowners and ensure their property investments are well cared for.
Short-term vacation rental properties also are increasing in popularity, thanks in part to a relatively new state law that prevents local governments from prohibiting vacation rentals; Airbnb alone lists more than 300 rentals in the Prescott area.
Garden Brook Property Management manages vacation rentals as well as long-term rentals. Its screening process and property upkeep will be no different for these short-term rentals, to ensure property owners and tenants receive the same quality of service as long-term rentals.
While rental properties can be a lucrative investment, property owners also face a number of local, state, and federal laws and regulations that investors may find daunting. In Arizona, property managers must be licensed Realtors®, which also holds them to a higher standard.
The team at Garden Brook Property Management conducts quarterly inspections on all properties they manage. This can be a difficult task for absentee owners and can cause a property to fall into disrepair in a very short period of time. Lauren and Christine ensure all properties are well-maintained and tenants’ needs are being met if and when there are problems.
The company offers many benefits to tenants such as an online application process and the ability to pay rent online for ease and efficiency. Property owners also are reaping the benefits of knowing that their real estate investments are being well cared for. Lauren and Christine look forward to continuing to grow their company as the demands continue to rise. They are happy to share their upscale property management concept with property owners in the quad-city area.