Property Management Company: Some FAQs

by | Jun 21, 2012 | Property Management

Are you looking for a property management company in your city? However, you’re not sure about the services they offer. Don’t worry, here is a list of some of the most commonly asked questions that will help you in deciding whether to seek help from a good property management company or not.

What kind of rental properties do they manage?

When it comes to reputable companies, they manage both commercial, as well as residential properties, which encompass family homes (single), condominiums, town homes, fourplexes, duplexes, apartment buildings, multi-unit buildings, commercial complexes, retail strips and industrial buildings.

What are the main areas they handle?

Most reputable companies offer services to the entire area they operate in.

On what basis you should hire a property management firm?

As far as turning over your rental property to the care of a property manager is concerned it can be a frightening, as well as emotional issue. This is why most of the people look for a company or a professional having decades of extensive experience in this field. Moreover, the professional you intend to choose should be well educated when it comes to housing regulation and property law of the area they operate in. There are many applicable laws relevant to leases, rental property, as well as rent control. So, the company or the professional you want to hire should be aware of the same. So, the professional who is eager to take all the burdens related to property management for you, should be your priority.

What do property managers do for the purpose of renting your house?

When it comes to renting a property, the main element is proper exposure. Reputable companies follow a series of steps for making sure your house get maximum exposure.

  • Market research
  • For rent signs
  • Multiple Listings
  • Web listings
  • Virtual tour
  • Showings (rental property)
  • Screening of tenants
  • Verification of landlords
  • Verification of driver’s license
  • Eviction screening
  • Income verification
  • Collection of deposits
  • Preparations of the lease, as well as all Addendum
  • Inspection related to move-in along with photos

How property managers ensure that the tenant is looking after you home properly while renting?

Good companies prepare a proper report on move-in inspection along with photographs while renting. Once your tenant moves in, they perform comprehensive inspections of your property. This makes sure that your tenant is taking proper care of your home. Inspections are made every six months.

So, the residents of Santa Clara, property management companies are many. All you need is to find out a reliable one.

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