What are the Responsibilities of a Property Management Company

A lot of property owners today use the services of a property management company. A property management company can help to make sure that your rental property is cared for and that everything is in running order so that your tenants are happy and you do not have a lot of turnover or legal issues. After all, small problems can soon turn into bigger and more expensive problems when not handled properly. Considering that, we have put this post together to give you a better understanding of the some of the basic responsibilities that property management companies have so that you know what to expect.

Reacting to any maintenance problems and ensuring all compliance requirements are met

If there is a problem with your rental property, such as a broken furnace, you will need to deal with this straight away. There is no time to waste when it comes to some types of issues. This can be a bit of a problem if you’re not local or you’re away on vacation. Also, vendors are extremely busy in Central Oregon and often cannot get to your property for a while. Therefore a rental property management company is so important. They should have a 24/7 hotline for maintenance issues and have immediate access to licensed vendors for any repairs. And their property managers will be following up to make sure the repairs were completed efficiently.

Marketing your property to attract new tenants

Another task that property management companies have the responsibility for is marketing your rental property. During periods whereby your property is empty, they will make sure that they find suitable tenants for your property quickly. A well-established property management company will have a much further reach than a home owner. Not only will their website pop up on multiple search engines, they usually have a waitlist of qualified renters ready to lease your property. Some companies, such as A Superior Property Management have a relationship with relocation specialists who have tenants waiting for new property listings. Renting the home quickly is of the upmost of importance so that the income starts to flow in again.

Screening renters to make sure that they are a good fit

Finally, another extremely important service that property management companies provide is screening. They will assess all prospective tenants to ensure that they are a good fit. This will often involve looking at their past rental history, doing a credit check, and making sure that they are in secure employment. They can also make sure that the deposit the tenant provides is held in a secure place so that both you and the tenants are protected when it comes to this. 

To conclude, working with a property management company makes a lot of sense because you know that a property manager is going to be overseeing your property at all times. If there is something wrong with your home, the manager can make sure that it is rectified as soon as possible without you needing to worry about it. They will also take care of marketing your rental property and finding good tenants. This is a great hands-off approach.

Without a property management company, you would need to make sure that you are available all of the time should your tenants require any help or assistance. If you are looking for a property management company in Bend that always goes above and beyond for you, give us a call today. We aren’t the biggest, just the best.