Property Management Services – A Complete List

Property Management Services – A Complete List The following is a list of the tasks property managers commonly perform for owners. You may only need some of these property management services, and the property management companies you interview may offer more or less than what is listed here. Evaluate the property and determine an accurate rental rate Market […]

Property Management Fees – Part II

Property Management Fees – Part II Make sure you read Property Management Fees – Part I first. Here are the rest of the property management fees that you need to be aware of and look out for: Advertising fee There are plenty of ways to generate leads using free resources like signs, craigslist, etc. but with vacancies […]

Property Maintenance and Repairs

Property Maintenance and Repairs Preserving and ideally increasing the value of owner properties is one of the chief roles of a property management company. Tenant requests should be addressed promptly and owners provided with transparent system for seeing how their money is being spent. A competent manager accomplishes all of this with the assistance of both […]

Setting and Collecting Rent

Setting and Collecting Rent Rental income is the lifeblood of the landlord’s business. If the mechanisms are not put in place to bring in the right amount at the right time each month, the business will eventually wither and die. When properly performed, this is what allows top real estate investors to achieve a higher […]

Handling Tenant and Owner Funds

Handling Tenant and Owner Funds Owners entrust their property manager with more than just their physical assets. Property managers handle rental income, reserve funds, security deposits, and write checks on the owner’s behalf. To function properly, this relationship requires trust, transparency and accountability. Here’s a list of issues to review and questions to ask the property […]

Property Management Fees – Part II

Property Management Fees – Part II Make sure you read Property Management Fees – Part I first. Here are the rest of the property management fees that you need to be aware of and look out for: Advertising fee There are plenty of ways to generate leads using free resources like signs, craigslist, etc. but with vacancies […]

Property Management Fees – Part I

Property Management Fees – Part I While property management fees are important they must be viewed in light of what other firms are charging, the scope of services provided and the quality of those services. The company you hire will be stewarding one of your biggest assets and the last thing you want to do […]

What Are The Benefits of Using a Property Management Company?

What Are The Benefits of Using a Property Management Company? A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold.  Here are a few ways that a good property manager earns their […]