Why Property Management
is Important?
Owning and renting properties can be rather stressful on people.
The constant watching over and answering tenants needs, the
worrying about and dealing with bad tenants, and overall care for
the property.
Benefit of Property Management
The main benefit of property management to owners of houses for
rent and other real estate properties is the preservation of their
properties.
The Role of a Property Manager
Property management is a process that aims to safeguard the
interests of both landlords and tenants by fulfilling the basic
responsibilities:
Screening Tenant Applications
The screening process includes a complete credit check, search
for prior eviction, tenant history, employment verification and bad
check search.
Collecting Rents
One of the primary duties of a property manager involves the
timely collection of rents and bookkeeping services like payment of
bills and mortgage payments if requested.
Taking care of the regular maintenance and repairs of the
property
Once you accept paying tenants, you are expected to resolve
maintenance issues promptly.
There are building repairs that must be addressed immediately
like carpentry, roofing, painting, electrical and plumbing
works.
Acting as liaison between owner and tenant
You need a property manager to represent you in resolving issues
with your tenants.
Providing security to the property
The property manager is also responsible in securing the
premises of the property from thefts, fires, illegal intrusions and
other man-made hazards that can endanger the property whether
occupied or vacant.
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