What Does Full Service Property Management Include?

You're purchasing more and more investment properties. You're looking to rent them out to tenants. However, you don't have the time or wherewithal to manage them all yourself.

As such, you're looking into hiring a property management company. The question is: what does full service property management entail? We're going to go into that below, showing you exactly what a full-service property management company can do for you.

Let's go!

Tenant Background Checks

To ensure you're getting a reliable and respectful tenant, you should run a tenant background check prior to offering a lease. When you have many different tenants, however, this can be time-consuming.

Fortunately, your property management company can complete the task for you.

Rent Collection

You need to get your hands on your tenants' rent payments. Unfortunately, it's not always easy. Fortunately, your property management company will handle the task for you, sending notifications and alerts to your tenants until payment is received.

Eviction Proceedings

In cases where tenants are extremely late on their rent, evictions must occur. Of course, the act of evicting a tenant is stressful and tedious. As such, you'd rather avoid it.

This is where a property management company comes in. These companies are well-versed in eviction proceedings and will handle the entirety of the process for you.

Property Maintenance

From time to time, parts of your properties will break down. To keep your tenants satisfied, you must tend to these parts in a timely manner.

How can you ensure this? By hiring a property management company. They'll not only establish a system that allows for easy maintenance calls, but they'll also manage the professionals who tend to the calls.

Accounting Services

There are a range of accounting services that landlords need to tend to. Not only must they collect rent, but they must keep track of tenant deposits, pay vendor bills, and more.

Of course, these responsibilities take time. This is why you'll benefit from putting them in the hands of a professional property management company.

Marketing

In order to keep your properties filled, you need to find new tenants quickly. This, of course, requires regular marketing, the likes of which can be effort-filled and time-consuming.

Fortunately, a property management company can handle the task for you, finding new tenants for your properties on a regular basis.

Rental Analysis

Property management companies also perform rental analysis. In other words, they assess properties to understand how much they can reasonably be rented out for. They use metrics like property taxes and the condition of amenities to determine property values.

So, if you want to make as much money off your rental property as possible, call a property management company.

Looking for Full Service Property Management in Council Bluffs, Iowa?

Are you interested in hiring a property management company? Looking for full service property management in Council Bluffs, Iowa? If so, look no further than PMI Property Management.

We offer all of the services discussed above and currently manage countless properties throughout the Council Bluffs area. Regardless of your property management needs, we have you covered.