Many investors who own and rent out properties can benefit from the tenant screening, leasing, inspection, and marketing services offered through real estate management. Richmond experts are experienced in all areas of caring for rental properties and are dedicated to the success of their clients’ investments. Whether you own a small family home or a 100-unit apartment building, a property manager will work hard to remove as much of the stress and responsibility as possible. Investors are often busy individuals, and without professional support, self-managing their investments would be challenging, if not impossible. Managers handle tenant move-ins and move-outs, as well as caring for properties and preparing them for the rental markets.
Receiving New Tenants
Property managers fulfill a number of duties in order to prepare for a new renter. After they have successfully passed their screenings, a manager will write up a rental agreement with the tenant to make sure they fully understand the rules and regulations. Monthly payments, conditions, restrictions, and more are brought to the tenant’s attention and made clear to them. A property manager will also perform a move-in inspection of the home or unit with the tenant to make sure nothing is out of order. Afterward, the property manager will accept the security deposit and first month’s rent.
After a tenant vacates, a real estate management Richmond specialist will tend to the home or unit and get it ready for marketing and advertising. Property managers will inspect the area after a tenant has left and determine if any damages have occurred, including how much needs to be deducted from the security deposit. Usually, whatever is taken out of a security deposit is used to make repairs, install upgrades, and clean the area thoroughly. Once the home or unit has been inspected, cleaned, and repaired, a manager will implement marketing strategies to shorten the vacancy gap.
For a well-respected company utilized by many investors, choose Real Property Management. With an extensive list of services and many satisfied customers, you can rest assured that your investment is in skillful hands.