If you own multiple properties or have more than one or two rental units, then you have likely considered working with a property management company for help. Of course, contracting any type of management service also involves having more than a few questions. Namely, those questions sound like how your services help me and what type of management services your company provides.
Those are also some of the same questions the attached video investigates when it comes to property management services. Here is a quick look at what we learn and what you may want to know about property management companies.
How can a property management company help you? To make a long story short, they essentially take the work out of managing your rentals yourself. The basic services a good property management company will offer include:
Property Upkeep and Repairs
Collections
Tenant Recruitment and Screening
Evictions
These and other responsibilities, such as rental late fees, etc., can all be managed using professional property management services. That also means less stress, time, and problems for property owners. Generally speaking, property management services cost around ten percent of the property’s revenues. If those benefits are worth the expense to you, then the solution you have been looking for may be property management services.
