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What to Expect When Hiring a Property Management in the Bay Area
Not everyone knows what to expect when they are interviewing and hiring a property manager, so today we are going to share with you what’s important and what you should look for when you’re considering a professional management company. Communication It’s really important that you are able to communicate with a property manager 24 hours a day and seven days a week. This is a great benefit to having a property manager. That person can stay on top of things all the time. You can call at any time to discuss your concerns and ask questions that you might have. Tenant Screening The vetting process is essential and when you work with a property manager; you get the benefit of their screening system. Your property manager will do a credit check on all applicants, and take a close look at eviction reports, background check information and employment history. Vacancy Rates Always talk to your property manager about vacancy rates before you hire someone. You don’t want your property to be vacant for a long period of time. When a tenant moves out, that tenant gives a 30 day notice. Your property manager should begin finding a new tenant as soon as that notice is received. You don’t want someone who waits until the tenant is already moved out to begin the search. Low vacancy means your rental income will be consistent. Rent Collection You can expect your property manager to collect rent on time and send you monthly statements. One of the benefits to professional property management is that you have someone keeping your financial records organized. There are a number of good reasons to work with a property management company, and these are just a few of the benefits you can expect when you hire one. If you have any questions, or you’d like more information about the services we can provide, please contact us at Astound Property Management.
13 Comments
7/18/2022 09:16:15 am
I like how you mentioned that it is a good idea to find a property manager that you can communicate with 24/7. With that in mind, I would think that it would be a good idea to find a property manager that is willing to communicate with you through text. This seems like a good idea because texting is the quickest and easiest way to communicate with someone. 10/6/2022 01:09:02 pm
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My friend has been having a hard time managing his properties, and he's not sure what to do about it. It makes sense that he would want to screen his tenants properly. I can see how getting the right property manager would be a good idea. 12/14/2022 03:33:57 pm
I love how you point out that being able to easily communicate with your property manager is an important thing. My uncle has a few properties that he doesn't have the time to do everything himself. He's been thinking about looking into finding a property management firm he can work with for a bit. 12/15/2022 01:07:15 pm
Thank you for explaining about how a property manager helps with things like tenant screening. My sister has been struggling to find good tenants for her properties. I'll share this with her to see if it could be a good thing to look into. 12/20/2022 03:45:15 pm
I'm really glad you said that they can help with collecting rent on time! My sister was at my house yesterday afternoon for dinner, and she talked about how she and her husband want to start getting tenants for the apartment building they own, so she was wondering if hiring professional help would be a good idea. I appreciate you helping me learn more about the advantages of hiring property management services. 1/16/2023 08:48:45 am
My parents want to invest in real estate properties this year, so they're interested in understanding the job of a property manager. That's why I believe they'd benefit from reading your insight about how property managers are in charge of collecting rent money, so I'll make sure they get your article now. Thanks for the advice on how to keep your real estate properties organized. It's great to know that having an apartment property management professional will ensure that they can be contacted 24 hours a day and even for the whole week. That is going to be a huge help for those in that industry, especially when they need help with the maintenance of it. They can keep the property in great condition which can entice future tenants that are good payers. 7/26/2023 09:41:01 am
I was captured when you discussed that we should choose a property management service that is responsive. My friend wants to enhance their property. I should advise her to hire a manager with vast experience in the field. 7/29/2023 03:32:42 am
The property management business will handle the majority of tasks, from advertising your rental to collecting rent, making many services turnkey operations. Depending on how the partnership is established, it is possible to find property managers that handle the majority of the day-to-day work yet delegate specific choices or responsibilities to the landlord. 9/21/2023 03:09:30 am
I totally agree when you said that a property owner wouldn't want their place to be vacant for a long time which is why it is important to ask residential property management services their vacancy rates before hiring them. I can imagine how important it is to find the right people for the job with reasonable rates if you are investing in this industry. It is a huge investment for anyone which is why being smart about everything or all aspects will definitely be for your benefit and your return of investment. Leave a Reply. |
AuthorAll blog post information is original material created by Astound Property Management's founder and president Stuart Levitas. Archives
October 2017
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