Property Management Services and FAQ's

Lott Management is a full-service property management company. 

We have a pulse on the rental industry that few other Greenville companies can offer. In addition to keeping your property rented with the right tenants, Dan Lott has 25 years of experience in residential construction and renovation to renovate and maintain your property’s needs with our affiliate company, Lott Renovations, which exclusively works for Lott Management and its property investors. 

Dan Lott's extensive experience has helped our owners with proven market renovation methods on how to maintain properties specifically in the rental market. This knowledge saves you valuable resources and allows your property to have lasting repairs, saving you money and hassle in the long-term market.

We enjoy the process of property investment and all that it involves, from finding a property (Dan Lott is a licensed realtor as well!), renovating or repairs with specific qualifications for a rental property, and finding the perfect tenant to call your investment home. We are a triple threat to making your investment work harder for you!


FAQ's

What makes you different from other companies in this industry?


Without a doubt, our ability to problem-solve for owners and tenants. We handle repairs with extreme efficiency and excellent communication. There is not another single-family property management company in Greenville that can handle these issues as we do. With a team so knowledgeable in the field of renovations and repair during a national need for skilled tradesmen, we are the company to help your home stay repaired and occupied to keep your investment working for you.

 


Why should I choose Lott Management to manage my investments?


The owners of Lott management, Dan and Caroline Lott, are also investors themselves. They started investing with very little extra income and made those investments lucrative assets. As a licensed contractor with 25 years of experience in renovations, Dan has unsurpassed knowledge on any renovations and repairs that your property may need or what it may NOT need. We carefully choose how to keep property investments in good shape by determining the best plan of action for the owners and tenants, saving investors money in the long run, and keeping their investments working for them. Our goal is to constantly keep that balance in motion so that all parties are excited to be a part of the Lott Management family. 

We are also incredible communicators. We have had a lot of feedback about how much it has meant to many of our homeowners on how fast we get back with them on any detail they may need about their properties, from tax information to move-out dates of current tenants, we have everything extremely organized and ready to access.



How else can Lott Management help my investment?


Lott Management is a full-service property management company; we handle everything from listing the property with professional photos and virtual walkthroughs, showing the home to prospective tenants, processing applicants, collecting rent, repairs, renovations, filing evictions, and set outs. Having these processes efficiently working for you saves you time and money between lease signings, finding quality tenants, and maintaining the property.



Property management seems easy to do, isn't it just collecting monthly rent?


When everything is going just right, it is definitely as easy as collecting rent and allocating the funds to the proper accounts. Unfortunately, like most things, it doesn’t come this easy. We pride ourselves on managing all of the thousands of variables that come up. We also know how to educate our tenants on keeping the home in good shape as they rent. We make sure they understand how important upkeep is; like how a slow leak under the sink can cause thousands of dollars of damage to subfloors, or how changing their air filters monthly will keep the HVAC units in the best condition.



How do you make sure the tenant is doing these things?


Every time we have an interaction with our tenants we have a list of exhaustive questions that we go through about any issues or maintenance that may need to occur, and often catch issues early that most property managers would not know about until it had become a larger issue, costing the owner thousands of dollars. This is why having a fastidious owner like Dan Lott on your team is an advantage, he leaves no stone unturned in diagnosing issues and makes sure the investment continues to supply income to the owner. 


How long does it take for Lott Management to rent a property on average?


There are many variables in place for this, but on average it is less than two weeks. When our owners work with us and our knowledge on pricing and repairs we are able to place quality tenants in a timely manner. Our entire team is passionate about placing the right tenant in the correct property for the purpose of serving both parties well so we do not guarantee a timeline, but we absolutely work hard to get your property rented in a timely manner. 



What is your screening process for placing tenants?


We have an intense screening process and are well versed in getting lease-fulfilling candidates in each of our properties. From a very close look into their backgrounds and financials, we know if it will be a good situation for all involved. We would be happy to give you more details on what this looks like when we set up a meeting to look at your property.



How does Lott Management handle repairs or renovations?


We have a renovation company (Lott Renovations) that works exclusively with Lott Management Owners, so we handle most repairs in-house at better costs for investors, within a timetable that is beyond the competition’s availability. See photos of our renovation quality here



How do I know my property will be repaired and maintained well?


Dan Lott, the owner of Lott Management and Lott Renovations, is a Licensed Contractor with 25 years of experience in home repair and renovations. He also is incredibly gifted at solving problems that many older homes can bring. This is a special skill set that many “new build” contractors do not have. The efficiency and management of renovations and repairs brought to our rentals is like no other company out there!



What percentage do you charge for each month's rent collected?


Our fee is 10% of what we collect each month.



Are there any additional charges?


Yes, we charge a new tenant fee of 20% on top of the normal 10% rental collection fee to cover our efforts in getting the property(ies) rented.

There are also some one-time, per-tenant expenses, such as rekeying the property(ies), checking smoke detectors, fire extinguishers, and c02 detectors (if any). These usually come out of your 1st and/or 2nd payments of rent collected, not out of pocket. 



What will be the first step when I contact you about my property management needs? 


Our first point of contact is with our amazing Office Administrator, Misty Wright. She will provide you with any information requested. She will then get your information over to the owner of our company, Dan Lott, who will schedule a walk-through of your properties and determine the best course of action moving forward. Misty's phone number is 864.605.7050 and she would welcome your call!



Is there a cost associated with meeting Dan at my property?


We gladly do this at no cost to you.



What price range do you specialize in for the rental market?


Rentals range from $750-$1500 monthly with at least a 1-year lease.



What areas of Greenville are your rentals located in?


We have many in Downtown Greenville but are managing properties in the surrounding areas/cities as well! 



How will I get information about my rental? (fees, payments, repairs, etc)


We send out a monthly owner’s report with a breakdown of any details that occurred at your property that month. It comes with tracking on financials and issues with each property. This report is customized to be a great snapshot of what's happening at each property and is incredibly easy to understand.



What makes you different from other companies in this industry?


Without a doubt, our ability to problem-solve for owners and tenants, handle repairs with extreme efficiency, and excellent communication. There is no other single-family property management company in Greenville that can handle these issues as we do. With a team so knowledgeable in the field of renovations and repair, during a national need for skilled tradesmen, we are the company to help your home stay repaired and occupied to keep your investment working for you. 

 


How else can Lott Management help my investment?


Lott Management is full-service property management; we handle everything from listing the property with professional photos and virtual walkthroughs, showing the home to prospective tenants, processing applicants, collecting rent, repairs, renovations, filing evictions, and set outs. Having these processes efficiently working for you saves you time and money between lease signings and ensures we place quality tenants. 



Do you manage short-term rentals?


We currently do not, but if you have something you would like to discuss we are definitely open to the idea!