Opting for property management for your residential or commercial property is definitely a good idea. However, it is crucial to remember that choosing the wrong property manager can be one of the most terrible things if you are lacking the necessary information.
That being said, this article hopes to ease your 2022 anxiety and stress by providing residential and commercial property owners with information and tips about the work of the property managers.
Property Management is the process of operation, control, and oversight of real estate in the broadest terms. Management here indicates a need to be cared of, monitored, and answerability is given regarding the life and conditions of the commercial or residential property. This management of property also involves the management of personal property, equipment, tools and other assets that are used in building, repairing, and maintaining the property.
Below we have further outlined the distinct and important roles of topnotch property managers:
1. Setting The Property Purchase/Rental Amount
The first and foremost role that every property manager plays is planning the cost or rental amount of the residential or commercial property. This process involves considering the crucial property points, such as the condition of the property and the physical site where the property is located.
2. Finding the Right Tenant/Buyer
Commercial and residential property managers should do their utmost to select the best buyer or tenant, only after carefully looking into their profile and getting a detailed check of their background information.
3. Handling Complaints & Emergencies
Whatever be the complaints of the tenants or residents, they should all be handled by the property manager well within the stipulated time. Further, if there are a few emergencies that necessitate repeated attention, they must be dealt with and handled almost immediately.
4. Handling Move-outs
When a tenant vacates the premises, the commercial or residential property manager is responsible for inspecting the unit. Their job is to check for damages and determine what portion of the security deposit will be returned to the tenant. Further, upon completion of the tenant move out, the property manager must have sufficient experience and knowledge to be able to quickly and properly allocate the work responsibilities for cleaning up of the unit, repairing any damages and rapidly filling that property vacancy.
5. Maintenance & Repairs
Whatever is included in the maintenance work of the subject commercial or residential property is the responsibility of the property manager, and should be handled accordingly. Whether maintenance and repairs include hiring someone to take care of the leaks, landscaping, snow removal or eliminating trash – they are all the essential duties and work of the property manager. The property manager needs to ensure the right people are hired and that there is always a replacement available if someone is taking time off work.
For quality residential and commercial property management services in the Southern California areas of Anaheim, Orange or Huntington Beach, contact the HAUS team at 626-250-3553.
The Haus property management network includes a strong roster of trusted contractors and tradespeople that will handle all the maintenance, repair and renovation needs of your residential or commercial property.
Contact Haus Property Management today to find out how 2022 can be your year to maximize your property value, and keep all the residents or tenants of your commercial or residential property smiling — Visit https://www.hauspropinc.com or call 626-250-3553.