A Property Manager or Property management company was a sector of the real estate industry that was previously reserved for larger buildings or investors with multiple properties; however, recently the industry has witnessed a slight shift in this culture.
Property management for the single unit owner is now more readily available and in most cases is very customizable to an owner’s needs.
This is a short list of what a property manager could take care of for you:
- Collection and disbursement of the monthly rental payments
- Payment of property associated bills (mortgage, condo dues, taxes)
- Supervise remodeling projects
- Supervising repair work and maintenance
- Eviction services
- Monthly, quarterly or annual financial reports for tax purposes
- Tenant Acquisition
- Tenant Screening (credit check, criminal background, eviction search)
- Tenant move in and move out inspections
- Handling all tenant concerns or complaints
- Assisting tenants with condo or HOA application process
- Dealing with your condo or HOA associations
These services are available to landlords for nominal fees considering the value gained. Fees usually start at $75.00 monthly for the above mentioned services.
About the Author Isela Gonzalez
Property Manager and Residential Property Acquisitions expert Conect with me on Google+