What Do Property Management Companies Do? 5 Things You Should Expect from Your Property Management S...

What Do Property Management Companies Do? 5 Things You Should Expect from Your Property Management Service

Do you own property in the Columbus, GA area? If so, how are you holding up? Owning properties can be an exciting venture and a great way to increase your income, but many don't realize the headaches that come with it. 

There's no question about the time and effort needed to have a successful rental property. You're probably learning as well that you need to market your property, address maintenance issues, screen your tenants, and more. If you feel like you're in over your head with your investment, then maybe it's time to hire a property management company. 

What do property management companies do? Keep reading below to see the 5 things you should expect from a property management service. 

Property Marketing

If you're having trouble finding tenants for your properties, then you might be lacking a great marketing campaign. Even if you have an exceptional property near Uptown, Columbia, it's not going to be found unless you are actively promoting it. 

Luckily, property management companies can take marketing off your plate. It's a skill that requires expertise and at Inheritance Realty Group, we understand marketing is key to successful rentals. You can count on us to find the right tenant to fill your vacancy. 

Tenant Background Check 

Finding someone interested in your property is exciting. However, it's important to make sure they are a good match with what you're looking for. After all, you don't just want anyone occupying your space that you have put a lot of money into. 

You will soon find out (if you haven't already) that screening tenants can be a full-time job. Learn more on how to navigate the tenant screening process today and see if hiring a property manager is right for you. 

Property Maintenance 

Unless you're an experienced landlord, you're probably surprised by how many maintenance issues come up within your property. It's not ideal to be interrupted in your personal time with an emergency request from your tenant.

Even if there are no emergencies, it's important to practice routine maintenance. There's a lot of work that goes into property maintenance, but property managers can take care of all of this for you in a timely manner. 

Rent Collection

Who enjoys asking for money? Even if there is a contract in place, it can be an awkward and uncomfortable situation when your tenant is routinely late paying what is owed to you. 

To no surprise, property management companies will handle rent collection for you! No matter what issue you have, you can count on your property managers (such as ourselves) to make sure you get paid. 

Financial Reporting

It's easy to get so caught up in the duties of managing your properties that you don't always take the time to see how your investments are doing. If financial paperwork isn't your thing, you're in luck because the best property management teams can handle this instead. 

Recap: What Do Property Management Companies Do?

It's safe to say that property management is a lot of work. If you're not committed to putting in the hours, then reaching out to a property management company should be the next step you take. You can expect them to handle your:

  • Marketing
  • Tenant screenings
  • Routine maintenance and repair requests 
  • Rent collection
  • Financial reporting 

If you would like to learn more about what property management companies do, check out the 7 benefits of hiring property managers.

Let Us Manage Your Property Today

Now that you know the answer to, "what do property management companies do," it's time to get to work.

As your Columbus Area Property Manager, we will help keep your investments profitable and your tenants happy. Contact us today for a free rental analysis.