What does Property Management Company Do?
A property management company is a business that manages real estate properties on behalf of property owners. Here are some of the tasks that a property management company typically performs:
Tenant Screening: A property management company screens potential tenants by conducting background checks and verifying employment, income, and credit history to ensure they are qualified to rent a property.
Rent Collection: The property management company collects rent payments from tenants and enforces late payment policies.
Maintenance and Repairs: The company oversees the maintenance and repairs of the property, including routine maintenance, emergency repairs, and renovations.
Property Inspections: A property management company regularly inspects the property to ensure it is well-maintained and identifies any issues that need to be addressed.
Lease Administration: The company is responsible for drafting and enforcing lease agreements, handling lease renewals, and terminating leases.
Tenant Communication: A property management company acts as a point of contact for tenants, addressing their concerns and handling complaints.
Overall, a property management company aims to maximize the return on investment for property owners.
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The Property Pros Realty Group