Everything looks easy when professionals do it right. This is because they have knowledge gained from education and experience by doing the task many times.
Property management can be difficult, but it can also be easy. It all starts from the beginning. I always tell my staff that you either pay by time or by money; usually, you pay by both.
So, you would like to invest in real estate. Did you think about the following questions?
- How do you rent out the property at the best market rate to the best tenant? How do you build value when showing rentals? How do you screen prospects without stepping over the line?
- Why are you constantly going to the property when it is vacant and even when it is rented?
- What are Landlords’ responsibilities? What are the tenant’s responsibilities? How do you enforce them?
- What are the new laws that are being enforced? (The government comes up with new rules every year, most of which you possibly don’t like).
- Recording keeping can be demanding; how are your records?
- How do we prevent and win lawsuits from the get-go? How much time will you have to spend away from money-producing hours to wait in court to answer/settle these matters?
- What about those maintenance requests? Can you respond to them promptly?
- Did you keep good records of these maintenance completed and requested?
- How do you screen vendors?
- Questions about pets and no pets, service & emotional support animals?
- How many associations do I need to join in order to keep up and manage my property within the lawful guidelines?
For Professional Property Management, please call for an appointment with Real Property Management – Fairmate.
We offer:
- Aggressive Leasing, Effective Marketing, Lease Enforcement, Timely Evictions.
- Monthly Full Financial Reporting, Expense Cost Control, and Investment Analysis.
- Professional Maintenance and coordination, Periodic inspections.
- Special services as requested.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
