Property management professionals provide valuable services. From ensuring rent is paid on time to screening potential tenants, it’s beneficial to have these professionals on-hand. If you want to cut back on your landlord duties to free up time for your family or hobbies, the frequently asked questions below provide insightful answers as to how these professionals could benefit you.
Common Questions About Property Management
What does a property manager do?
A property manager provides a range of services, including managing property maintenance, finding and vetting tenants, collecting rent, responding to tenant complaints, handling evictions, and ensuring that all aspects of the building run smoothly. They may conduct apartment checks with local fire departments as well to ensure all buildings are up to code.
Who would benefit from hiring one?
It’s beneficial to hire a property manager if you have a lot of properties, if you don’t live near your rental property, if you don’t have the time for hands-on management, or if you aren’t interested in hiring an employee to handle the management.
What should I look for in a manager?
When you put your property in someone’s hands, you need to know you can trust them. Look for a company that is a member of industry groups and has earned designations for their work. They should have favorable online reviews and be willing to provide references on request. Make sure the person lives within a reasonable commute to ensure they can be on the property on time.
What does a typical contract look like?
Once you’ve found the right manager, you will need to sign a contract for their services. This should include an outline of their services and associated fees. It will outline the responsibilities of both parties. For example, it will detail the times the manager is expected to be on the property each day, what their duties are, and what paperwork they’re expected to complete, if any.
If you need a property manager to oversee daily operations, the team at Galvin Realty Group, Inc. in Rochester, NY, will help you pick the best person for the job. Since 1987, this company has earned designation as a Certified Property Manager, and is a member of numerous professional industry groups. They go above and beyond to delineate responsibilities for landlords with their rental property management service. Learn more about their services online and call (585) 546-1290 for more information.