There are nearly 20 million rental properties in the United States. While many property owners do a great job of managing a property themselves, others need extra help.
If you're a landlord, hiring property managers can take a weight off of your shoulders while making money from your investment. However, if you're leasing property, it's important to understand exactly how a full-service property management company can help.
So, what does full-service property management mean? Here's what you should know.
What Is Full-Service Property Management?
With full-service property management, property managers will handle many daily duties that come along with managing a property. They'll do everything that's necessary to find tenants for a property. They'll also help keep them satisfied and collect rental payments.
There are many tasks and duties that are associated with managing a property. When using full-service property managers, there's very little that a property owner will need to do. Property managers will take care of everything that's associated with managing the property and interacting with tenants.
Key Responsibilities of Full-Service Property Managers
There are many responsibilities that full-service property managers have. Here's what they can do for you.
Marketing Your Property
Full-service property managers will list and market your rental property. They'll help you find great tenants for it. They may do this by listing your property online, posting on social media, or using other marketing tactics.
If you're like many landlords, you don't have marketing skills. You don't know how to reach potential tenants. Fortunately, reliable property managers can take care of this for you.
Screening Tenants
When prospective tenants get in touch, property managers can be very helpful. Full-service property managers can speak with tenants and screen them to find the best ones for your property.
Property managers will perform a background check. They'll review a potential tenant's rental history, credit, and criminal record to ensure that they're a good fit.
Drafting Lease Agreements
A full-service property management company can also help draft lease agreements. These lease agreements will be well thought out and provide adequate protection to both you and your property. Property managers can help ensure tenants sign the lease agreement when they start renting from you.
Keeping Tenants Happy
When managing a property, there are many problems that may come up in which a tenant will need assistance. This could be related to maintenance issues, disputes with neighbors, and more.
A property manager can help to handle any issues that arise for you. They can help make sure the tenants are satisfied and feel well taken care of.
Performing Maintenance
A property manager can handle any maintenance and cleaning tasks that need to be performed for your property. A full-service property management team can stay on top of maintenance and rental repairs and can respond to tenant problems. They can also do any cleaning or property upkeep that's necessary to keep your property looking its best.
Hiring a Property Management Company
If you want to have the easiest time as a landlord, consider hiring a full-service property management company. Reliable property managers can help you find tenants, screen them, and keep them satisfied.
Need property management services in Atlanta? Get in touch with PMI Georgia today to learn more about what we can do for you.
