Property Management/Rent Collection

We are committed to living by our motto “Service First…” that’s why we want you to have your home with us.

Property management refers to the operation, control, and oversight of real estate on behalf of the property owner. It involves various tasks and responsibilities related to the maintenance, leasing, marketing, and financial management of properties. Property management companies or individuals are typically hired by property owners to handle these duties, especially when they own multiple properties or do not have the time or expertise to manage them personally.

Here are some key aspects of property management:

  • Property Maintenance: Property managers are responsible for ensuring that properties are well-maintained. This includes regular inspections, addressing repairs and maintenance issues, coordinating with contractors or maintenance staff, and handling emergencies.
  • Tenant Relations: Property managers act as a point of contact for tenants. They handle tenant inquiries, address complaints, and ensure that the terms of the lease agreements are upheld. They also oversee the tenant application process, including background checks and lease signings.
  • Rent Collection and Financial Management: Property managers collect rent from tenants, enforce lease agreements, and handle any late payments or evictions. They also maintain financial records, prepare budgets, and provide financial reports to property owners.
  • Property Marketing and Advertising: When a property becomes vacant, property managers are responsible for marketing and advertising the property to attract potential tenants. This may include listing the property on various platforms, conducting showings, and screening prospective tenants.
  • Legal Compliance: Property managers must stay up-to-date with local, state, and federal laws governing real estate and rental properties. They ensure that the property and its operations comply with these regulations, such as fair housing laws, building codes, and safety requirements.
  • Lease and Documentation Management: Property managers handle lease agreements, renewals, and terminations. They prepare and enforce lease documents, including addendums, and maintain accurate records related to each property and its tenants.
  • Property Insurances and Risk Management: Property managers may recommend or procure appropriate insurance coverage for properties. They also assess and mitigate risks associated with the property, such as implementing security measures and ensuring compliance with safety standards.