Property management is the operation, administration, and control of a real estate investment, whether residential, commercial, or industrial. A property management company or a property manager is a third party hired by the owner to act on their behalf, safeguard the value of their investment, and make it profitable.

Property Management Services

For real estate investment owners, there are a number of tasks that a property management company such as Classic Maui Properties can perform:

• Evaluate The Property: Property management companies can evaluate your property and determine the right rental rate for you to generate profit. They can also help you determine which repairs or improvements to make to maximize rent and discuss policies you may want to implement.

• Market The Property: A property manager will take on the responsibility of marketing your property to potential tenants. They will create the ads, include your property in listings, or work with other realtors to help you find a suitable tenant.

• Tenant Screening & Selection: A property management company can perform background checks to verify important information about potential tenants. Using the information they’ve gathered, you can then make a decision on whether to accept or turn down an application.

• Rent Collection: A property manager collects rent, follows up on late payments, and collects fees and penalties.

• Property Maintenance: Property managers are responsible for performing periodic inspections and observing a regular maintenance schedule to identify the property’s repair needs. They may employ a network of personnel for emergency repairs.

Why Hire A Property Management Company?

A good property manager can add value to your investment and ensure it generates income for you. Day-to-day administrative tasks can be left to the property manager; all you need to do is periodically check in and collect your profit.

Classic Maui Properties in Pukalani, HI, is the most trusted property management company on the island of Maui, with over 40 years of real estate experience. Contact them today at (808) 878-1001, or visit their website for more information.