Property managers take care of a lot of things on your behalf and on behalf of the tenants living in your property. Today, we are going to explain exactly what professional property managers do for their fees on a daily basis.
When an owner calls to give us a listing at Reliable Realty Property Management, we immediately get to work marketing the property. We advertise it and show it to prospective tenants who are interested in seeing it. We also conduct regular inspections of your property while it’s on the market. We check to make sure there aren’t any water leaks or signs of damage or vandalism. Unexpected things can happen to a vacant home, and property managers are responsible for checking the place out. We take a look at your property once a week and we also provide owners with a repair list of things that we noticed that need to be fixed before a tenant moves in.
As potential tenants begin filling out applications for your property, a property manager will screen and qualify those applicants. You want to make sure you’re getting a tenant who will pay rent on time and take care of the property. Property managers will also put together your lease and gather all the other required documentation to make it legal and enforceable in California.
Once the lease is signed, a move in date is established with the approved tenant. The property manager will walk through the property with the tenant to check for any damages and fill out the move in form. This documents the condition of the property when it was handed over to the tenant, and it will be very useful at the time of move out when you want to evaluate how the property looks after the tenancy.
While the tenant is living in the house, a good property manager will drive by the property on a regular basis, just to make sure that everything looks okay. We will get a good idea of whether the tenant is keeping up with the landscaping and we’ll be able to notice things that are strange. For example, there shouldn’t be seven cars parked outside when only two people are listed as living there.
If you have any additional questions about how property managers work, please contact us at Reliable Realty Property Management, and we’d be happy to tell you more.