Can a property manager help me find good tenants?
A professional Property Management company often has access to information that the home owner may not be able to get, such as records of past evictions, credit histories and criminal background checks to help weed out potentially bad tenants.
What types of properties do management companies oversee?
Property managers handle many types of properties, including vacation homes, apartments, mobile home parks, stores, office buildings, commercial properties, and condos.
Why would I hire a professional property management company?
You may lack the time or expertise needed for day-to-day management of your property, so an expert property manager may be able to help you:
- Market your rental property
- Fill vacancies with good quality tenants
- Maintain your rental property in good condition
- Negotiate rental agreements
- Collect rent and track tenant deposits
- Respond to tenant complaints and deal with problem tenants
- Track income and expenses
- Comply with federal, state and local laws
Should I hire a property management company when I live far from my rental property?
A property manager with an office near your property can keep closer track of your rental property to make sure that the tenants are taking care of it. Local property agents can find problems sooner and correct them more efficiently, and often have contractors they work with and trust for various repair jobs, which can save owners money and time.
Does a property manager help me with maintenance of my rental property?
Property managers negotiate contracts for cleaning, security, garbage collection, lawn maintenance, and other services. They monitor the performance these services and resolve complaints from residents and tenants when they are not properly provided. Managers also purchase supplies and equipment for the property and make arrangements with specialists for unusual repairs.
Will a property manager show my property to prospective tenants?
While it may not be convenient for you to take time to show your property, it is a property manager's job to respond quickly to requests from potential tenants to view a property.