Three Reasons Why You Need Property Management Services
December 17, 15
Landlords use property management services to help put a middleman in the relationship with their tenants. There are several reasons why a property owner will decide that working with a property manager is a smart business decision for them, and here are the top three:
Professional Relationship: Hiring a property managers gives property owners the opportunity to put a representative that is savvy in the real estate industry as the face of their property. Property managers use a professional demeanor when responding to complaints from tenants, and are timely in the management of repairs that need to be taken care of.
They do the legwork: Property managers are responsible for the advertising and showing of a property. They will take care of the acceptance of applications and running credit checks. Property managers collect rent, subcontract repairs, manage the utilities of a property, and can handle the eviction process of a problem tenant.
They have the authority to make decisions: Through a formal agreement that takes place with a landlord, the property manager will outline the responsibilities of the company. They will also work out to what end the property management company has the authority to make decisions regarding the overseeing of the property. Should a situation arise that surpasses this authority, the property manager will relay the requests of the landlord and act based on their requests.
Property management companies also supply property owners with profit and loss statements that include rent collected and expenses incurred, including management fees. To learn more about how property management can help make your business more efficient, contact us.