A Property Management company is tasked with the responsibility of managing the multiple aspects, which come with the ownership of leased real estate. With leases turning over, buildings to maintain and tenants to keep happy, coordinating everything can be a real challenge for the unskilled manager.
One important role is that of acting as liaison between the landlord and tenant. Duties of property management companies include accepting rent and deposits, responding to and addressing maintenance issues, advertising vacancies for owners, and doing credit background checks on tenants. In exchange for the service they provide, most property management companies charge property owners a percentage of the gross rent collected each month.
There are many facets to professional property management, including participating in and/or initiating litigation with tenants, contractors and insurance agencies. Special attention is given to Landlord/Tenant laws and most commonly evictions and non-payment of rent issues.
Regardless of the task, whether it’s replacing a doorstop or providing prompt, efficient accounting of your funds, you can count on MeadowsRentals.com.