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01 / What is property management?
Property management involves the operation, control, and oversight of real estate assets on behalf of property owners. It includes tasks such as leasing, maintenance, rent collection, and tenant relations.
02 / Why should I hire a property management company?
Hiring a property management company can save you time and effort. They handle all aspects of property management, including finding tenants, handling maintenance, and managing finances.
03 / How do property management companies find tenants?
Property management companies find tenants through various means, including advertising on rental listing websites, conducting background checks, and leveraging their network and marketing strategies.
04 / What fees do property management companies charge?
Fees can vary, but they typically include a percentage of the monthly rent, leasing fees, and sometimes additional charges for maintenance or other services. The exact fee structure depends on the company and the services you require.
05 / How do property management companies handle maintenance and repairs?
Property managers typically have a network of contractors and maintenance staff. They coordinate repairs, conduct regular inspections, and ensure maintenance issues are addressed promptly.
06 / What happens if a tenant doesn’t pay rent on time?
Property management companies enforce lease agreements and collect rent. If a tenant doesn’t pay on time, they may initiate late fees or legal proceedings, depending on the terms of the lease and local regulations.