Whether you have a number of properties in your portfolio, do not live near them or simply do not wish to manage them yourself, it is only natural that you may be considering using the services of a property management company. Having not used their services before it is only natural to wonder what a property management company do for their clients. In all honesty, these services can vary across companies as well as what your particular needs might be.
Maintenance Of Your Properties
Typically a property management company will definitely help you with the process of renting out your properties. This includes advertising that the property is available for lease, showing it to prospective tenants and handling all of the legal documents that come with signing a lease. This can take a great deal of the workload off of your plate and also ensure that each process is handled in a completely legal fashion as they are responsible for knowing all of the applicable laws.
They typically will also handled the maintenance of your properties. This will include making sure that all necessary repairs are made in a timely manner to ensure the satisfaction of the tenants. If you desire, you can request that all repairs are submitted for approval from you before they are made so that you can evaluate the potential costs. They will also be able to tell you when larger projects may need to be completed to ensure that your property remains in good condition. This is especially helpful if you are not able to evaluate the property on a regular basis.
Issues With A Tenant
They should also be willing to handle any outside work that needs to be done through the seasons. This would include lawn care and snow remval, depending on the region the property is in. Of course you would be billed for these services, but they would ensure that it was completed either by one of their employees or by hiring the appropriate company. This could save you from violating ordinances and being fined by the municipality in which your property exists.
If there are issues with a tenant not paying rent or causing destruction to your property, the property management company would handle the process of evicting them from the property. There are many regulations and laws that must be followed during this to ensure that it is legally executed. A quality company would be able to handle this for you to ensure that no laws are broken and the delinquent tenants are removed as soon as possible.
Using a company to manage your properties can save you a great deal of time and even money. They will handle all of the rental aspects and ensure that your property remains in the best condition possible. Be sure when seeking out services of this nature that you fully understand the terms of the contract before you sign. There may be aspects that you would like to add or remove, depending on your personal situation. To know more about us visit the website at 3CRE.COM or contact us.