petermilton

The following is a list of the task real estate property managers commonly perform for residential property owners. People may only need few of these property management services from the given list, and the property management companies you interview may offer more or less than what is listed here.

Evaluate the property and determine the accurate rent

1. Perform detailed documentation of the interior and exterior including photos.

2. Offer recommendations on repairs and domestic improvements that increase monthly rent.

3. Discuss with property owners the pros and cons of different policies such as accepting pets, allowing smoking, etc.

4. Install a lockbox

Market the property for rent

1. Prepare home for rent

 Clean home and create good interior appeal

 Manicure landscaping to increase curb appeal

2. Create ads tailored to the property for sale through an advertising medium. Some of the commonly used mediums are-

 Paid and free rental listing websites

 Print ads

 Signs

 MLS

 Fliers

3. Work with other realtors and leasing agents of your city to find a tenant

4. Provide a 24-hour hot-line where prospective tenants can listen to every detail about the property

5. Field calls from prospects for questions and viewings

6. Meet prospective tenants for showings throughout the weekdays and weekend

7. Provide rental applications to tenants that are legally compliant with fair housing laws

8. Collection of applications with an application fee

Tenant Screening and Selection

1. Perform a background check to verify tenant identity, total income, rental history, credit history, etc.

2. Grade tenant according to pre-defined tenant criteria

3. Inform tenants who were turned down

Rent Collection

1. Receiving rent

2. Hunting down late payments

3. Sending out pay or quit notices

4. Enforcing late fees on the rental amount

Evictions

1. Filing relevant paperwork to initiate and complete an unlawful detainer action

2. Representing owner in court

3. Best Property Management Wesley Chapel team member coordinates with law enforcement department to remove the tenant from the unit

Legal

1. The advice in the event of any legal dispute or issue

2. Refer the owner to a qualified attorney if needed

3. Understand and abide by the local, state and federal legislation that applies to renting and maintaining a rental property.

Financial

1. Providing accounting Property Management Wesley Chapel services

2. Make payments on behalf of the owner

3. Prepare detailed documentation of expenses via invoices and receipts

4. Provide annual reporting, structured for income tax purposes

5. Provide easy to read cash-flow statements on a monthly basis

After reading this list, you might be planning to hire Property management company Wesley Chapel. NJS Realty is here to help you with all property management services saving your time and worry over marketing your rentals, collecting rent, handling maintenance and repair issues. Contact us for any help!