WeRent Property Management


The WeRent Story

Hi, I'm Mike Steeneveld, the founder of WeRent.

 By 2009 I had increasingly been shocked at the sloppy and expensive management services being offered to landlords by Real Estate companies.  Over the previous 16 years I had owned and managed properties for myself and friends, as well as using so called professional property managers. By 2009 I said enough to these substandard services; and that's why I started the first Property Management company offering landlords the opportunity to trial management services for FREE. I also wanted to give something back to my fellow property investors, so I worked out a business model which would operate on lower margins. The idea was to Give you More... for Less!

I have been a landlord since 1993 (wow! time is passing). During this time I have had all the experiences you can have as a landlord and property manager. If you have ever acted as a landlord and rented your own properties you have seen both how tough and how easy it can be.

But it is with property managers I have had the most frustrations. After all, you trust them to look after your properties and you pay for this service. Check out a few of my experiences below.

I currently own 19 rental units and have been using managers and managing my own and friends properties since 1993.

LOW FLAT FEE MANAGEMENT

With most managers charging a % fee I have always let out my own more expensive properties, often finding it easier than the less expensive properties. I just don't get why the owners who get higher rents pay more. It's the same service and the tenants are often easier.

So why pay more?

You shouldn't!

(Oh, and some of the companies doing this are just trading on their names and making way too much out of it.)

OPERATING LIKE AN OWNER

Most of the problems of poor service come from overworked property managers who get paid the same salary whether or not they do a good job. Whenever I have had good property mangers they have usually been the owners of the business... they just try harder. They have a real stake in keeping the landlord happy and getting the rent in. When does it go wrong? When they get too big and hire salaried staff. They just can't be there making sure these staff are doing the right job. At WeRent we have a profit share (or pay per action) so we are incentivised to look after your properties as though they are our own.

With WeRent you are assured that the people looking after your properties CARE MORE because if they don't, they feel it first.