Do you own one or more properties and want to maximize your return while minimizing effort and expense? Managing a property's lease is often a hassle, as instead of generating income, it often becomes a waste of time and headaches. Today we're going to talk about the role of a property manager.
Hiring the services of a property manager may be the solution you're looking for. Below, we'll explain the main duties of a property manager and the advantages of hiring their services.
A property manager is the professional who typically handles all the leasing-related tasks for a property, from the initial marketing steps to the tenant's exit and the search for new tenants. Specifically, the services of these professionals are often classified into three groups, depending on the current leasing status of the property.
The first focuses on the marketing of the property. It includes all actions aimed at perfecting a lease agreement under the conditions the owner deems optimal. For example, the preparation of the property, advertising with professional photos, or the search and selection of suitable tenants.
The second group encompasses all services related to tenant management, including rent collection, incident management, and the repairs and actions necessary to comply with the lease agreement and the landlord's own legal obligations.
The third group consists of all the actions and services required once the lease has endedTherefore, it's necessary to inspect the property, correct any existing defects, and carry out all the necessary procedures for the tenants' departure.
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