Fall is here and winter is right around the corner, which means that property owners everywhere have plenty of clean-up and maintenance tasks to tackle. If you’re ready to start preparing your property for fall and the colder months ahead, this list is an excellent starting point.
Some landlords and property owners see hiring a property management company as an expense, but, in reality, property management companies are designed to save busy landlords time and money. Think of how much time you spend over the course of a week dealing with repair requests, coordinating your properties, chasing down rent payments and screening new tenants. A property management company can take all of those off of your plate and more.
Property owners who work with property management companies are at a distinct advantage, as they have someone working on their behalf to keep their properties in excellent condition and occupied by quality tenants. While a property management company can help with almost every aspect of your property, there are some things that property owners remain responsible for.
As a landlord, finding the right tenant for your property is one of the most important parts of keeping your property in good condition, rent and bills paid, damage minimal and your bottom line in the green. However, it is not always easy to find great tenants! Working with a property management company can take the stress out of the tenant search, but there are other ways you can use to increase your chances of a perfect match.
Whenever a tenant moves into your rental property, there’s a good chance that you require a security deposit. In a perfect world, these would not need to exist! Tenants would move into your unit, take exceptional care of it and always follow the terms of the lease. However, this is not always how things happen. A security deposit is one way to give you a sense of security and money that you can use to offset property damage or outstanding rent. At the end of the lease, should you deduct from it or return it?