What can you expect from a Property Manager

All real estate management companies promise you the very same services. Here are some of the most important services you should receive for your money.

Fees:

Management fees can be a lump sum of about $ 250 for a house or 6% of rental income for larger properties.

Features:



Accounting services:

o A good management company will provide monthly statements and make them available online.

o Be available to answer your questions about his claims or costs.

Ø Develop an IRS 1040

Ø collect and deposit your rent in a timely manner. We like to see within three days.

or have a clean record with the Department of Real Estate. There are no suspensions or complaints.

Having designations or advanced business or continuing education classes.

or adequate insurance, workers compensation and liability insurance to provide a little 'recourse in case you really mess up.

Ø Answer the phone.

OR Provide you with quality maintenance and always offer three bids to do work above an agreed amount.

Many companies or want to keep $ 500 -1000 in the trust account for regular maintenance. This is fine, but anything over 500, we believe that the owner must be notified.

Or the monthly updates.

leases or corrected, preferably professional management associations or apartment rental.

Weekend leasing or ability. The lease is quick money in your pocket.

lease payments or on reasonable management fees.

A good management company can help you rent faster and should maintain a preventive maintenance program of fixing problems before they become major problems and expenses. We all know what happens when we neglect small problems. Huge costs down the road. Its not a good thing if you never get bills minor maintenance ... may be an indication of abandonment management. If you never hear from them monthly call or visit the property to be sure that its maintenance.

The customer friendly causing no problems to not get the same level of service as a client who stand by and let management know they are hired for a reason. Your task is not to make friends here, but respectfully to the management company know that you are an owner concerned.

Thanks for reading ......