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Property Inspections

Property Inspections

You are paying the property management company to be your eyes and ears. For this reason, they must be going to be strict about scheduling regular inspections. Many inexperienced real estate owners are unaware of how much damage one tenant can do in a small period. There is an assumption that as long as the…

Background Checking & Researching the Company

Examining the Company’s Background, Qualifications, Portfolio, Size, Staff, & Customer Service

If you are looking for exceptional service, you need to take a closer look at each property management company that you are considering to make sure they are the right fit for you. The people they have on staff are an important indicator of the level of service that they will be provided to you….

Responsibilities and Representations

Responsibilities and Representations

Contracts can range from 3-10 pages; however, 5-6 is the average. Some contracts are very comprehensive, and others are quite simple. Not every contract can be predicted. That said, they should be including some of the basic clauses and concepts discussed below. Contracts need to be looked at carefully when comparing property management companies to…

Indemnification and Boiler Plate Items

Indemnification and Boiler Plate Items

There are several other components to legal contracts that need to be understood. Even though only certain aspects are relevant to property management agreements between property owners and property management companies, it is important to have a basic understanding of them to avoid costly misunderstandings in the future. If you fail to understand these issues,…

Breakdown of Property Management Fees

Property Management Fees

When selecting a property management company, you also need to look out for the fee they charge. One thing you can do is to do a comparison among property management companies. Look at the quality of their services and how much they charge for it. Chances are, a company charging a lower fee will produce…

Complete Guide to Hiring a Property Management Company

A Complete Guide to Hiring a Property Management Company

Finding the right property management firm is essential for your company or a property owner to consider. Being able to delegate your various management tasks is also important to remain competitive in the industry by providing exceptional service to your residents. Many property owners fail to recognize the importance of having efficient management practices in…

What to Look for in a Property Management Contract

What to Look for in a Property Management Contract

The contract that you decide to sign with a property management company should not be something that you sign without reading carefully. You need to understand every word within the contract to be sure it is the right agreement for your property. A contract that is signed between you and a property management company clearly…

Contract Termination

Contract Termination

Contract termination is a sensitive issue that needs to be handled with care. Be sure to review the information below about different ways contractual agreements can end between property owners and property management companies.   Term Most property management companies require a contract period that ranges between 1-2 years with very few offering month-to-month options….

How to Screen Your Tenants

How to Screen Your Tenants

Having a bad tenant is a landlord’s worst nightmare. However, it is very difficult to spot bad tenants even if they are properly screened. Applicants tend to put their best foot forward and try to hide the factors that would make them fail a tenant screening. This is precisely why the tenant screening process is…

A Guide to Finding Trusted Tenants

A Guide to Finding Trusted Tenants

Attracting the right tenants and keeping them is one of the fundamental most important aspects of property management. Tenant screening and tenant retention are some of the most valuable services that a property management company can provide to property owners. For this reason, it is essential to make sure you will be getting your money’s…

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