Glendale, AZ – May 5, 2010 – (RealEstateRama) — Even as Arizona continues to struggle with significant economical challenges, real estate investing and property management company HomeLovers today announced it has doubled its office space in Glendale in response to surging client demand for their property management and real estate investing services. The company grew 165% to more than 500 rental homes in the last twelve months. In addition to the 100% growth in space, HomeLovers has also grown its staff by 40 percent, including the addition of staff in sales, customer service and accounting.
“In Arizona, the typical property manager collects rent for one or two homes, but is not an expert at handling rental properties and building strong real estate investment portfolios,” stated HomeLovers Co-Founder David Zundel. “They have labor-intensive manual processes, because they just can’t afford to spend six figures putting automated processes in place. For example, one lease cancellation can generate 30 hours to process across seven staff members, which are then reflected in client costs. Our investment in automating these types of tasks allows us to keep costs minimal, substantially streamline and improve customer service, and migrate staff time away from manual tasks building and maintaining client relationships. Our homeowners and tenants love it.”
HomeLovers virtually paperless environment is very unusual for the real estate industry. Not only has it reduced its paper waste and reliance on storage/management of paper files, but going digital has allowed the company to significantly reduce call volume and staff labor. Property owners have full access to their account and a full spectrum of reports online, and can manage most tasks without requiring assistance.
Fueled by a dedication to customer service and client success that has proven to resonate strongly with its clients, HomeLovers is on an aggressive growth path targeting more than one thousand homes under management by late 2010.
Established in early 2008, HomeLovers is already one of Arizona’s most rapidly growing home rental and property management companies. It was founded on the premise of creating a drastically improved property management agency model, including full disclosure of fees and anticipated costs in a market that is prone to “junk fees,” unexpected costs and inexperienced agents that make it difficult to manage profitable real estate investment portfolios.
Because of its focus on the development of proprietary tools that assist investors with avoiding purchasing mistakes, maximizing return on their investments and attracting ideal, long-term tenants, HomeLovers was one of the first property management agencies to offer real-time online accounting, documentation and reporting for its homeowners. For more information, please visit their website at www.homelovers.com or their real estate investment blog at www.TheInvestmentPropertyExperts.com.
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