Collecting rent from each tenant on a monthly basis to ensure a positive cash flow.
Monthly Reporting provided to each Landlord for a full transparent ability to understand what is gong on with the property.
Managing contractors work for any repair or maintenance. The ability to see a problem before it occurs saves Landlords money. Inspecting all work that has been completed to make sure the work is to a high level of standards avoids future issues with building maintenance.
The property manager should be the point of contact for the tenant and address any questions, issues or requests they may have. The tenant is a key member in the relationship, so they need to be treated fairly and with respect. Statistics have shown, that by keeping the tenant happy by simply addressing their concerns on a timely basis and keeping the property well maintained, that this will usually lead to long-term tenancy.
Inspecting a tenant space before they moved out can avoid a conflict. Making sure the tenants understand the buildings expectations before retiring a space back to the landlord.
Paying bills sounds like it could be an easy process. But knowing the buildings cash flow and budgeting all is something to think about a monthly basis to understand proper bill payments.
Have any questions about your property. Or want a professional view on how to improve your property. Contact me