When you hire a property manager to care for your properties and keep them full, you can expect them to provide several services. Below are some of the most important, so make sure the company you choose provides them before you sign on the dotted line. In the long run, you and your properties will be better for it!
Finding Good Tenants
First and foremost, your property manager needs to keep your properties full so they’re paying for themselves. You didn’t invest in properties so that you could bleed money, right?
Making Home Repairs Promptly
Home repairs keep your investment sound. Not only that, a well-kept home encourages tenants to treat it respectfully, which in turn increases the value. Your property management company must respond to maintenance requests promptly in order to keep the value up.
Collecting Rent in a Timely Fashion
You want your money on time, and no one blames you. Before you can get it, though, renters must submit their checks to the property management company. Only work with companies that stay on top of rent.
Keeping Your Records Organized
Your taxes and finances depend on good, organized and always-available records. You should be able to access your records any time you need them, and find them in good shape.
Marketing Your Properties
Of course, your property management company won’t be able to find you the right tenants and keep your home full if they’re not marketing you well. This includes regularly updating available properties, scheduling tours, and putting out marketing materials in the neighborhood.
There’s no point in using a property management company if they’re not going to do the job better than you could. That being the case, you have every right to expect your property managers to do the above for you. If you have trouble, talk to the company or walk away. It’s the least you deserve.