PROPERTY MANAGEMENT

INTRODUCTION

Property management service is available to each of the following:  Single home or Condo    Duplex, Triplex or Quadplex   Multi-Family     Apartment    Commercial    Mobile Home Community

PROPERTY MANAGEMENT IS AFFORDABLE FOR ALL RENTAL OWNERS

Not only is property management affordable, using a property manager can actually increase your property’s overall profitability. Most property managers charge a small percentage of your monthly rent in exchange for comprehensive services which range from screening tenants, to handling emergency maintenance, keeping the books and helping to prepare records for taxes.

YOU MAY NEED A PROPERTY MANAGER

As the owner of a small-scale rental property, you may be on the fence about whether or not to use a property management company. Especially if you’ve never managed an income property, it can be tempting to assume that property management duties amount to “find tenants, sign lease, receive rent check,” along with handling some minor maintenance issues from time to time.

DUTIES OF AN APARTMENT MANAGER
An apartment manager handles the day-to-day operations of an apartment complex, whether large or small. Agreements can vary between needs of the owners, as needed. Duties can vary.
Rental Payment: A manager plays two roles, 1) rent enforcer and 2) payment.
They will manage collecting rent and use their local knowledge to set the right rental payment levels to attract tenants and get you the most from your investment. Manage Tenants: From finding tenants to dealing with complaints and evictions, an apartment complex manager handles it all. In addition they screen tenants, negotiate leases, facilitate move-in and move-out inspections and more. Maintenance & Repair: a building manager handles the physical management of the property, including regular and preventative maintenance, as well as repairs. Legal Issues: Professional managers know local, state and national laws for screening tenants, handling security deposits, terminating a lease, evicting a tenant, and complying with safety standards. Budget & Records: The manager must maintain thorough records, including income and expenses, inspections, leases, maintenance requests, complaints, repairs, rent collection, insurance and can help with taxes for the property. Collecting and depositing monthly rent payments on time: If you’ve ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward. Property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You’ll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow. Finding the right tenants: Experienced property managers are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references. Managing tenants and vendor relationships: Property management companies have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it’s almost impossible for an independent landlord to duplicate. Not only will your property manager get you the best work for the best price, they’ll oversee any necessary maintenance projects. Enabling you to invest in geographically distant properties: If you manage your own properties, you’re pretty much limited to investment opportunities within a tight radius of your own property. Hiring a property manager will be an advantage for the owner. This enables the owner to have time for possible additional opportunities to invest and takes advantage of investment deals in any location the owner may wish.

Maximizing profitability of your time and money: Having a property manager to manage and oversee the care of running your income property, you are free to spend your time elsewhere. Property managers charge an industry wide rate anywhere from 6-10%, of rental income collected. This is saving you money in giving personal attention to handling and reducing other expenses.

PROPERTY SECURITY CHECKS

Another service available to clients is to assist in strategy for active steps to mitigate the possibility or opportunities for any acts of break in, criminal mischief, misconduct, damage of property, theft or vandalism during weekends or nights to safeguard equipment, facilities, property and for extended hours of assignment, assistance if requested to control or monitor traffic flow as needed.

Home security check services can be requested when properties are vacant during extended stays out of town, to monitor activity for break ins, damage, criminal mischief, power outages, and vandalism. Check exterior doors and frames, carport, drive way, garage(s), lawn, trees and shrubbery condition, mail or newspapers, roof and gutter visual, shed suspicious activity, tampering indications, unusual odors, validation of light bulbs functioning on timers. Parked vehicle check can be included to notify client(s) after each scheduled security check is made and reported.