What a Property Management Company Does – Akron Manufacturing News
ompany an third-party service provider that specializes in the management and maintenance of rental properties for property owners. They are responsible for everything from marketing the property through finding and screening tenants, collecting rent, taking care of repairs and maintenance and even evictions where necessary.
One of the first tasks that the company will do is promote the property to prospective tenants. The process includes placing advertisements as well as taking photos and video of your home.
The management company handles the inquiries of potential tenants once the property has been placed up for sale. They will also screen potential tenants using background and credit checks and verifying rent and employment histories.
Management companies handle tenant’s rent after they have moved in. They ensure that the rent is paid promptly and then follow up with tenants who have not paid their rent on time.
A property management business also handles all maintenance and repairs and repairs, which includes responding to tenant requests for repairs, performing routine maintenance, and overseeing large renovations or repairs.
Property owners are able to concentrate on their business as they manage rental properties.