Roles and Responsibilities of a Property Management Company

Avinash Kumar is a passionate business analyst and writer. He loves writing on various topics especially on business related topics. Currently he is rendering his services to professional Real Estate, MD property management that provides services of professional property management, rental management, tenants’ management, landlords, property maintenance and the best working area of property management in Anne Arundel and Baltimore County and other cities and counties of USA.

5We all know that property management companies exist but not everyone is aware of their roles and responsibilities that what they actually do. They manage your rental property and along with that they are responsible for the following things:

For Rent

They are responsible for setting rent, collecting the rent and also increase it from time to time:

  • Setting rent: They inspect the house interior as well as exterior and after knowing the value of your rental property they set the right rental rate for the property.

  • Collecting rent: They fix a date on which the tenants have to pay the rent on any circumstances. They collect the rent on the due date from the tenants and also credit to your account.

  • Adjusting rent: Rent can be increased on every 12th months but property managers are responsible for adjusting rent they can increase the rent just after an eviction.

For Tenants

Property management companies are also responsible for hiring good tenants for your rental property.

  • Finding tenants: They advertise your property using both offline and online and find the right tenant for your rental property.

  • Screening tenants: They have link and sources to screen the tenants. They use application forms that applicants filled with their personal details. And property manager use it for checking their background, credit history, criminal records, previous evictions records, etc.

  • Handling tenants’ complaints: They also handle tenants’ complaints and also solve their problems if the tenants’ complains for any repair or maintenance issues.

  • Dealing with eviction: If the tenants fail to pay the rent on time or breaking and rules then they understand the law and file eviction against tenants.

For Maintenance and Repairs

They manage your property and keep it maintained. They also inspect the house to know if there is any requirement of repair issues and fix it immediately. Property management companies have their own crew who maintains and make repairs. So, they are also responsible for repairing and maintaining your rental property.

18These are the roles and responsibilities of a property management company. A good property manager has thorough knowledge of landlord and tenants law. So, if you want to manage your Baltimore rental property or residential property then you must hire Baltimore property management company. They are professional and will keep your property maintained in awesome way.

Related Article – Question a Landlord Should Ask Tenants before Hiring

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