Penmar Management

How Can Penmar Management Guarantee Your Tenants Will Always Pay Their Rent On Time?

Only Penmar Management can guarantee rent payments because of our unique development. In 1980, Penmar Management was founded on the ideals of modern scientific management principals as taught by Frederick Taylor and Henri Fayol, and the application of those principals in real estate management as introduced by James Downs Jr., CPM and William Walters Jr. CPM.

While a few other local management companies claim to be in business as long, only Penmar has never been sold, gone out of business, had its license limited or revoked, or had an abrupt replacement of management personnel. This has allowed its corporate culture to evolve, and enabled it to build on all the lessons learned through the years.

The combination of taking a scientific approach to the practice of real estate management and the advantage of being allowed to apply those principals for so long without interruption has provided Penmar with the unique opportunity to develop extraordinary systems and procedures to the advantage of its clients. Besides guaranteed payment of rent, other benefits include:

• Procedures to protect clients from having tenant nuisance judgments on their credit reports
• Fast track evictions to reduce gaining possession from three months to five weeks
• Local vendor evaluations on vendors servicing the industry
• Defense against allegations of illegal discrimination
• Systems for defining 'ordinary wear and tear,' rather than relying on a judges' definitions
• Removal of the ratchet effect in cities' restrictions on rental rates.
• Online rent payment offered to your tenants providing a market advantage over your competition
• Free electronic transfer of your monthly income into your own checking or savings account
• Free web-based syndication of your vacancies, with pictures, to over 100 websites
• Commissioned listing agents, to aggressively rent vacancies quickly, to only quality tenants
• A rational system for resolving tenant disputes about security deposit refunds

Since client satisfaction is our #1 goal, we offer you the following:

• A choice of two kinds of rent guarantees where we pay you either all or part of any rent your tenants fail to pay
• No requirement to sign a long term management contract
• No start up fees

Other features that the experienced rental property owner appreciates are:

• No mark-ups on any third party services
• No hidden fees. All of our sources of income are fully disclosed

These are only the highlights. We would love to expand on those that interests you including how we can guarantee rent payments by carefully renting only to quality tenants, and when we miss, by getting them our quickly. We would also love to learn about you and your situation.