Here are the different services property management companies offer.
Property management companies offer a range of services tailored to ensure the optimal performance and maintenance of rental properties. Today, I’ll share a list of some of their services. This is the first part of a series, so make sure to check the second half in our next blog post. Here are the services offered:
1. Comparative market analysis: Property managers conduct thorough comparative market analyses to determine competitive rental prices. Factors such as bedroom and bathroom count, finishes, square footage, and amenities are assessed by comparing similar properties currently on the market or recently rented in the area.
2. Owner portal access: Each rental owner is provided with a personalized portal to access statements, rental details, financials, and shared files. This transparency aids owners in understanding their property’s performance.
3. Tenant satisfaction and maintenance: Ensuring tenant satisfaction involves maintaining clean, habitable properties and responding promptly to maintenance requests. While addressing needs takes precedence over wish lists, a dedicated maintenance coordination team ensures timely service provision.
4. Risk mitigation: Property managers aim to mitigate risks associated with rental properties by rigorously screening tenants during onboarding and offering eviction services in case of non-payment issues.
5. Efficient unit turnaround: When a tenant vacates, the property management team swiftly conducts move-out inspections and arranges necessary repairs and cleaning, enabling a quick return to the market. This minimizes rental income loss for property owners.
6. Centralized communication: A unified portal serves as the central hub for all communications. Tenants can report maintenance issues, while owners can submit necessary documents such as insurance paperwork, ensuring seamless and organized communication.
7. Vendor network and cost-effective repairs: Property managers collaborate with trusted vendors to handle property repairs and maintenance. Due to their extensive property portfolio, they can negotiate competitive quotes, offering cost-effective solutions for property repairs.
8. Comprehensive management services: Property management companies provide a suite of services, including property inspections, multi-platform property marketing, tenant placement, and various guarantees like pet protection, ensuring that the property is well-maintained and managed.
For further inquiries about the different services we can offer, call or email us. We’re happy to help.