“This ranking validates the strength of our platform and further differentiates us from all other property managers." - Kevin Ortner, CEO of Renters Warehouse
Bloomington, MN (PRWEB) November 07, 2016
Renters Warehouse is pleased to announce that it is currently the only national company that provides direct to landlord property management services in the U.S. to receive a ranking from Morningstar Credit Ratings, LLC.
On Oct. 27, 2016 Morningstar Credit Ratings, a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including operational risk assessments, assigned its MOR RV2 residential-vendor ranking to Renters Warehouse as a residential property manager, indicating that the company demonstrates proficiency in managing key areas of operational risk. This is the first time Renters Warehouse has been evaluated and reviewed by Morningstar Credit Ratings.
“We're proud to have been awarded this ranking from Morningstar Credit Ratings as it is an affirmation of our strong brand, team and commitment to excellence,” says Kevin Ortner, CEO of Renters Warehouse. “This ranking validates the strength of our platform and further differentiates us from all other property managers. As we continue our national expansion efforts, our ability to serve clients with innovative technology solutions and world class service will continue to grow. From our perspective, this is only the beginning of growing the strongest brand in property management.”
Renters Warehouse is one of the largest and most awarded residential property management companies in the U.S., managing more than 17,000 homes for over 12,000 investors across the country, and more than $3 billion worth of residential real estate.
The ranking is based on several factors, including the strength of the company’s experienced management team and its proprietary technology that offers a full suite of property management services. The company’s unique blend of national service efficiencies and local expertise in every market across the U.S. was also recognized.
Other factors included:
- Renters Warehouse’s two operational hubs in Minnesota and Arizona, which provide geographical redundancy in its business operations supporting its disaster recovery and business continuity plan.
- The company’s comprehensive written policies and processes and a training regimen that supports its business and promotes best practices throughout the company.
- A partnership with a third-party company for the use and customization of vendor management technology, which, when combined with RW’s existing proprietary technology, will provide a highly effective performance management and customer service environment.
- Above-average call center metrics which showcase the effectiveness of the company’s tenant relationship management.
Through their dedicated Portfolio Services Division led by Chief Investment Officer and President of Portfolio Services, Anthony Cazazian, the company brings professional, scalable and efficient single-property management solutions to investment portfolios with both centralized services and local market expertise and staff. The company has doubled its national footprint in the last 18 months, now proudly operating 32 offices in 18 states.
“Investors with fiduciary duties can take particular comfort in knowing that our operations have been evaluated by an independent third party, something all investors should take into consideration when selecting a property manager,” Cazazian says. “This adds to the already unique value proposition we offer to our clients, particularly our Portfolio Services Division clients who use Renters Warehouse to meet their property management needs across multiple markets with a single point of contact.”
To learn more about Renters Warehouse or to find out how much your home will rent for, visit http://www.renterswarehouse.com today.
About Renters Warehouse
Renters Warehouse is one of the fastest growing and highest reviewed residential property management companies in America. Backed by growth equity investor and majority stakeholder Northern Pacific Group, and under the leadership of President and CEO Kevin Ortner, Renters Warehouse now manages more than $3 billion in residential real estate, servicing 12,000+ investors across 17,000+ residential homes in 32 markets and 18 states. NPG Managing Partner Scott Honour, who in 1999 was a founder of YapStone, a leading online rental property payment service provider, serves as Chairman. Renters Warehouse expertly serves everyday single-property homeowners as well as real estate investors. In 2015, the company officially trademarked the term Rent Estate™ to redefine the entire SFR (Single Family Rental) industry as more traditional real estate gives way to this new lucrative asset. Through their dedicated Portfolio Services Division led by Chief Investment Officer Anthony Cazazian, the company also brings professional, scalable and efficient single property management solutions to investment portfolios with both centralized services and local market expertise and staff. Not only has Renters Warehouse received the prestigious honor of being included on the Inc. 500 | 5000 list of fastest-growing privately held companies in America seven consecutive years in a row, it was also named one of the “Best Places to Work” in Minnesota (where they are headquartered) by the Minneapolis St. Paul Business Journal in 2010, 2011, 2012, 2014, 2015 and 2016. The company was also honored as a best place to work in Arizona (a centralized corporate services center) by the Phoenix Business Journal in 2013 and 2014, and achieved a spot on the prestigious 2016 Top Companies to Work for in AZ list. Nationwide, Renters Warehouse has been honored as one of America's "Best Places to Work" in 2012, 2014, 2015 and 2016 by Outside Magazine. Recognized as pioneers in real estate, business management and innovation, Renters Warehouse has been awarded 22 Business Stevie Awards both internationally and stateside. In 2016, Morningstar Credit Ratings, LLC, a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including operational risk assessments, assigned its MOR RV2 residential-vendor ranking to Renters Warehouse as a residential property manager, indicating that the company demonstrates proficiency in managing key areas of operational risk.