Owning a real estate can be a great source of additional income, especially if you are a multiple property owner, and have properties that can be rented for home or business needs. All those properties you have are a sign of your hard work and dedication, and because of this, you should make sure they are well-maintained and in good hands. If you and your family have relocated to another place far from your real estate, or if you have job commitments, it can be very hard to manage your property on your own. As a landlord, it is natural to be concerned about your one or multiple properties. Managing the property efficiently, without keeping an eye on it regularly, is almost impossible. If you have this problem, you should look for a professional property management company. A property manager will come to your assistance immediately and take over all the duties you have as a landlord.
What Does a Property Manager Do?
To have a clear idea of what to expect before meeting with an agency, we will mention some of the basic services every property manager should provide. Basically, no matter what kind of property you have, they will take complete care of it. These agencies can manage flats, villas, houses, rental apartment and commercial properties with ease. All you need to do to relieve the burden of being a landlord off your shoulders is to sign a legal agreement with any of these companies. Once you sign, they will take over your responsibilities and advertise, rent and maintain your properties.
The property will be advertised in a visually appealing way and by using modern advertising media that will attract possible tenants. The agency will promptly attend all replies. Your property won’t be rented just to anybody. Company’s responsibility is to rent it out only to responsible tenants. Every applicant will undergo a screening process that will determine whether or not he or she is a tenant suitable to occupy it. After that, an expert staff member will show around your property to prospective applicants and provide you a detailed report about everything. You are the one who will make the final decision and choose the tenants you find most suitable to occupy your property. Once you make your decision the company will execute a rental agreement that will legally protect both sides.
Responsibilities of Property Managers
Besides everything we mentioned, real estate managers will collect monthly rent instead of you and deposit it into your bank account. They will visit and check the property regularly, timely and efficiently maintain it, conduct an inventory audit, schedule repairs when needed, address tenants’ complaints, assist during the eviction process if needed and much more.
If you are from DC and you are looking for quality and experienced property management companies DC – Nomadic Real Estate should be your primary choice. This company has qualified property management experts that will come to your aid and quickly reduce your burden of being a landlord, especially if you are a multiple property owner. Contact them today to provide yourself a peace of mind.