What does a Property Manager do?
What does a Property Manager do exactly?
Maybe a better question would be….what DOESN’T a Property Manager do?
Here is a brief list of what a property manager might do for the fee you pay them to manage your property. They are all items that Southern Sky Realty includes as part of their management package.
• Meet or confer with an owner of the property, and make sure all details for management are complete.
• Visit the property, evaluate it for the rental market, and suggest or contract ways to make it rent for its highest value.
• Photograph it, create a compelling description and list it in multiple forums such as Zillow, Craigslist, Website, etc. Maintain those listings. Renew and refine as needed.
• Take inquiries, schedule showings, meet prospective renters, answer questions, explain the process and take applications.
• Process applications. Communicate with prospective tenants regarding proof of income, credit, criminal and eviction check, parameters for approval, call for landlord reference and present to the owner for final approval.
• Arrange deposit payment, create a lease and required documents, set an appointment for keys, meet new tenants at the property, do a walk through to set a baseline for the condition, and ensure utilities are in tenant’s name if applicable.
• Take and deal with early tenant move in concerns such as unexpected or unknown maintenance.
• File and share lease with the owner, disperse funds, remove listings.
• Schedule a 90-day post move-in inspection.
• Rent collection by mail or EFT. Monitor payment status, send reminders, facilitate timely rent payment. Dispersal to the owner by the 15th of the month.
• Take maintenance requests, coordinate with owner and tenants to have work done, make payment to contractors.
• Answer questions and queries from owners and tenants.
• Monitor water bills and usage.
• File Rental Registration if applicable.
• Inspect after 90 days.
• Offer lease renewal with owners consent.
• Hang notices and file evictions.
• Coordinate access to the property for buyers, inspectors or contractors.
And remember, a property manager has to follow all Fair Housing requirements and be connected to a Real Estate Broker in the State of Ohio. So they keep everything legal, too.
Your current management company isn’t providing all those services?
Or, you’re looking for a little freedom and peace of mind?
