Thursday, July 14, 2011

How Property Management Companies Work | Bowen Family Homes Blog

How Property Management Companies Work

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Trouble selling your home or investment property in this tough Charlotte real estate market??Struggling to make the monthly mortgage payments on your property in Charlotte, North Carolina? Start earning income today by renting out your property in Charlotte NC and have a professional Charlotte Property Management Company relieve you of undue stress.

When looking for a?Charlotte Real Estate Property Manager consider searching for a company that focuses on property management at the local level. Do your research. Bigger isn?t always better. ?Large Charlotte Real Estate companies often focus more on selling than managing your investment property. Look for a Property Manager in Charlotte who offers full-service property management services.

Things to look for in a Charlotte Property Manager or Charlotte Property Management Company..

Good Communication ? Choose a property manager that uses multiple forms of communication including email and phone. In an emergency you?ll be thanking yourself for that extra method of communication.
Upfront about costs ? Make sure the property manager provides you with upfront information about fees and costs ? no hidden fees! ?Inquire about setup fees, monthly management fees, tenant application fees and any other special fees relating to the management of your property.
Full-service Maintenance ? Look for a property management company that has their own maintenance technician and a list of trusted vendors to meet the variety of repairs or issues that may arise. ?Also look for a management company that has 24/7 emergency maintenance.
Thorough Accounting ? Find out who will be handling the $ end of your account and find out the schedule for rent collection, deposits, and monthly statements. Make sure to sign up with a property manager who provides detailed monthly statements that include your property income and expenses.
Tenant Relations- Find out how each property manager finds tenants for your property and how they go about the application process for each potential tenant, including their knowledge of Section 8. Make sure to inquire about eviction procedures, costs, application process, and legal actions. It?s crucial to look for an experienced property manager that can solve a variety of issues with tenants to save you a lot of headaches.
Effective Advertising ? Choose a property management company that advertises in multiple media avenues, including physical signs on the property, posts on online classifieds sites like Craigslist, and has the ability to create a thorough listing on their website. Stay away from companies that don?t provide full listings of their properties online. Look for a Charlotte property management company that posts rental listings on the Multiple Listing Service (MLS).

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