Working with the right property management company can make a huge difference on your investments. When vetting a property manager you should make sure:

  • You can trust them with your property and money
  • They are licensed Real Estate Agents
  • Their fee structure works for you
  • They perform the proper tenant screening
  • They provide monthly statements and yearly statements
  • They are firm and fair with tenants and can handle trouble tenants

Professional property managers can save the owner from a ton of headache and make it much easier for the owner to scale their investment portfolio.

Professional Property managers will:

  • Get the property rent ready
  • Have a business established
  • Advertise the property for rent
  • Determine market value and rental amount
  • Set an appropriate security deposit
  • Set tenant qualifications for the property
  • Take calls from potential tenants
  • Maintain a list of potential tenants to quickly fill vacancies
  • Filter and pick the best tenants
  • Show the property to potential tenants
  • Provide detailed information on the property
  • Make and review application for new tenants
  • Verify former rental history
  • Run background (criminal, eviction and credit) of new tenants.
  • Verify tenant income
  • Approve good tenants or deny bad tenants
  • Keep compliance with fair housing laws
  • Keep Tenant deposits in a trust account
  • Set up a lease for new tenants
  • Collect and verify new signatures
  • Get a copy of the lease to all parties
  • Inspect property prior to move in
  • Collect payments from the tenants
  • Transfer money to the owner
  • Keep account of all transactions for the property
  • Check that utilities were properly transferred
  • Manage phone calls from tenants
  • Manage repairs for each property
  • Deal with disputes from tenants
  • Increase the rent rate as needed
  • Make sure tenants remain compliant in their lease
  • Verify the tenants keep the property in appropriate condition
  • Notify tenants of updates
  • Regularly inspect properties
  • Qualify contractors to provide work on the property
  • Negotiate with contractor to get a better rate
  • Verify work is performed on the property
  • Pay contractors for work done
  • Handle late rent and notifying tenants
  • Evicting/removing bad tenants according to laws with proper notifications
  • Handle tenants the misuse the property
  • Accept documentation and notices from tenants
  • Provide bookkeeping including monthly and yearly statements for the property
  • Track tenant communications
  • Manage landscaping if the tenant doesn't
  • Protecting landlord from legal issues
  • Handling tenant move out
  • Handle returning tenant's deposit
  • Order repairs and cleaning on tenant move out
  • Maintain the proper licensing
  • Ensure the property has quick turn around and low vacancy rates
  • Make sure the property and notifications adhere to local, state, and federal law

Give us a call to see if we can help you manage your property