There is a lot that goes into managing rental properties. To decide which option is best for your portfolio, let’s take a look into the landlord duties that one takes on if they decide to self-manage or decide to hire a property manager.
- Maintenance
- Rental properties require managing routine and emergency maintenance. Seasonal maintenance is necessary to keep gutters from overflowing and assures appliances functioning properly.
- Penzone Property Management offers periodic preventative maintenance planning and execution for your property and portfolio. Our team will inspect and recommend planned maintenance, investigate pricing options, and coordinate implementation of plans.
- Addressing Vacancies
- When a rental property is vacant or vacancy is approaching, it is important to get the next tenant lined up quickly. This includes property visits, showings, and talking to prospective clients.
- PPM fills vacancies quickly, marketing through various means including our network of renters and realtors, and all the top rental search websites.
- Tenant Relations
- It is important to keep a good relationship with tenants. If tenants have issues, it is the landlord’s job to solve the problem.
- PPM will handle all calls, letters and emails from Tenants in regard to their account. Owners and Tenants have access to a user-friendly online web portal, accessible from any device.
- Rent Collection
- The landlord is responsible for collecting rent from tenants. Whether it be by check or online, you have to make sure rent is paid on time and will need to keep up with late tenants.
- PPM can handle any and all bill payments for your properties.
- Lease Enforcement
- As a landlord, you are also responsible for making sure tenants follow the lease terms. If a tenant breaks the lease the proper actions need to be taken regarding your state’s rental law.
- PPM handles the enforcement of the lease as well as compliance with local ordinances, state and federal laws.
These are just some of the responsibilities of a landlord. There are many benefits to having a property manager, like PPM, it is up to the landlord to decide what is right for them.