Services Offered by a Property Management Company
A property management company typically offers the following services:
- Rent collection: Collecting rent from tenants, handling late payments, and processing evictions if necessary.
- Maintenance: Handling routine maintenance and repair tasks, coordinating with contractors and vendors, and handling emergency repairs.
- Tenant screening: Conducting background checks and verifying references to ensure suitable tenants are selected.
- Marketing: Marketing the property to attract suitable tenants, including listing the property on rental websites and advertising in local media.
- Financial management: Preparing and providing regular financial statements, handling property expenses, and preparing tax documents.
- Legal compliance: Ensuring compliance with local, state, and federal laws and regulations related to property management, such as fair housing laws.
- Inspections: Conducting regular property inspections to monitor maintenance needs and ensure tenant compliance with the lease agreement.
These are common services offered by property management companies, but the specific services may vary depending on the company and the client’s needs.
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