Downloads: Your Property Management Connection
Historically, renting your home has been considered a relatively simple and low risk undertaking. However, in recent years, this apparently simple task has become progressively more complex and the risks associated with becoming a landlord far greater. While managing your rental is certainly within the abilities of most property owners, the time and effort involved in management may be greater than the cost of hiring a professional property manager.
The professional property manager is conversant with the applicable statutes and regulations relevant to the management of rental property. In addition, the manager will typically perform some or all of the following tasks on a scalable pricing plan as part of the management service:
- Advertisement of the rental property
- Screening of potential residents
- Preparation and execution of rental agreements
- Collection of rents
- Disbursal of funds to the property owner
- Monthly and year-end accounting
- Coordination of maintenance and repair work
- Periodic property inspections
- Disbursal of deposits in accordance with state law
- Assistance with eviction of residents for breach of the rental agreement
The primary goal of the professional property manager is the preservation of your assets. We achieve this by providing a cost-effective, state-of-the-art level of service in the rental and management of investment property. While the above discusses the functions performed by the property manager, it should also be noted that efficiently and competently performing these functions minimizes potential risk to the property owner and in the long term, maximizes returns from the investment property.