JBL Holdings is a small family owned company. We started this company just like many of our owners did. We were putting money away each month for our oldest’s college education when he was a baby. Each month we would receive a statement and although we had added money to the account, our balance was often going down. We decided to diversify and purchase a couple rental properties. This is when we learned how time consuming managing your own properties can be. We looked into property management companies to help us and they were all so expensive, charging 10% of the monthly rent or more. Or, we could pay less and receive little to no service. We knew there had to be a better way and that is when JBL Holdings was born!
The biggest expense in owning rental properties is tenant turn over. Even if the tenant leaves your property in perfect condition, spoiler alert…that almost never happens. The owner has the expense of finding a new tenant, getting the home ready; paint touch-up, potential capital replacements or upgrades, professional cleaning, etc. All of this needs to be done right and efficiently, or the owner will then have lost rent due to vacancy. The simplest way to increase profit is to decrease costs. The fastest way to decrease costs it to keep tenants for as long as possible. The highest tenant retention rate across the country is in Milwaukee, WI which boasts of 64.1% of tenants staying after their initial lease is up. Texas cities rank among the bottom with just over 40% of tenants staying past a year. JBL Holdings is proud to say that on average, 71.7% of our tenants stay beyond the initial lease and our average tenant lives in the properties we represent for 24.7 months. Just think of your cost reductions if you are turning your property half as often! How do we do it? The answer is simple; customer service.
Our goal is to help our fellow property owner enjoy the financial freedom that owning rental properties has provided us. When you work with JBL Holdings you don’t have to pick and choose your services to keep your rates down. When you allow us the privilege of managing your investment properties, we will treat them as our own and provide the best full service around! JBL Holdings does not have the overhead many of the big property management companies do, and we pass that savings on to you. We charge 6% of the monthly rent, saving you 25-50% compared to our competitors. Have a large portfolio? Call us, we will do our best to provide you with an even better price.