Do you own rental property? Are you tired of tenant issues and collecting rent? Have you become an accidental landlord because your company has relocated you, and you are forced to rent your home? Are you thinking about buying your first investments property, but don’t want to handle the management responsibilities? The solution to all of the problems is to hire a property management company.
But what do property management companies do?
Think of them as your professional landlord for hire. Everything you would do as a landlord, and more, they will do for you.
Here is a list of things that you can expect a property management company to do for you:
- Evaluate the property and determine a market-competitive rent rate
- Market the property, creating a lot of exposure
- Field all calls, perform showings, and answer all questions from prospective tenants
- Thoroughly screen and select qualified tenants
- Handle the leasing and move-in process
- Collect Rent
- Coordinate maintenance requests
- Handle the eviction process and coordinate any legal proceedings
- Perform inspections of the property (move-in, move-out, annual)
- Provide professional accounting for all rents, deposits, and tax statements
- Maximize the return on your investment
Keep in mind that every company is different, and may operate slightly different. Make sure to do a little research and find the company that is the right fit for you and your property.
I hope this gives you some insight as to what property management companies do.
If you need any help managing your home, please contact us at Vision Realty & Management in West Georgia.