Questions that Every Landlord has in His Mind Before Hiring a Property Manager
One of the most confusing decisions for a landlord is whether they should hire a property management company or manage their rental property themself. Many investors don’t hire a property manager because they understand what a property management company will do for them.
Here are the top queries that generally every investor has in mind, so we aim to address them.
What Will a Property Management Company Do For Me?
To be honest, it is entirely up to you. You have to decide how much work you want to delegate to a property management company. If you are too busy to take care of your rental property and consider handing it over to a property management company, the management company will then be 100 percent responsible for everything, including rent collection, maintenance, and upkeep, and tenant screening. You will have zero involvement at all as you’ve decided to absolve yourself of all the hassles involved in the hectic property management process.
On the other hand, if you are a landlord who prefers to keep control over certain parts of property management, such as accounting, the process will be fairly hybrid. Both the property manager and the landlord will be involved in the management of a rental property. However, the landlord will be involved in part based on how many tasks have been outsourced to the property management company.
Suppose you want to control only a few aspects of property management just to stay active. In this case, the latter option is best for you, where you and your property management company will follow a collaborative approach to manage your rental.
How Would a Property Management Company Find the Right Tenants?
The worst thing that can happen to the landlord is that their rental property gets occupied by a bad tenant. It is not less than a nightmare. To avoid this and ensure that your property is inhabited by the right renter, we have a rigorous process in place to conduct background checks as well as credit checks on all prospective tenants. Thus, you keep getting the rents on time and face no issues at all.
Here is an overview of the process we follow to find a suitable tenant for your property:
- Advertising Your Property:
Thanks to our active social media accounts and an active presence on different real estate forums and websites, we advertise a rental property across all major platforms. To name a few, Zillow. As an added service, we’ve also created a special rental section on our website where several potential tenants land daily in search of a suitable rental.
We have set up a complete ecosystem to advertise your property in place. Our goal is to put your rental property in front of all potential tenants and ensure it gets noticed by them.
- Initial Screening and Scheduling a Showing:
After advertising your rental property on all the different platforms, our team gets in touch with leads. We contact all potential tenants to inquire about your property, and if they fulfill our tenant criteria, we schedule a showing with them. Rest assured your property is displayed to just those tenants that meet our rigorous standards.
- Handling Legal Work:
We will take care of all the documentation involved in onboarding a new tenant and handle all the regulatory concerns on your behalf, ensuring that you are not stuck in any legal issues later.
Metropolitan Property Management is a reliable property management company offering premium property management services across the Jacksonville, FL, area. At MPM, we have a complete mechanism to avoid the occupation of our client’s property by a bad tenant. If you are a landlord looking for a reliable property management company to partner with and handle your rental, get in touch with us.