Property Manager Responsibilities
1. Advertising and Marketing Your Property
On your own, marketing can take up a lot of resources, such as time and money. Working with a property management company like East Bay Property Management means utilizing a vast network of contacts. They can easily market widely using word-of-mouth, online and traditional methods. Another advantage of hiring them is their marketing skills and experience. It’s easy for them to recognize the best demographics to target given the location of your property.
2. Extensively Screening Tenants
If you perform tenant screening by yourself, you risk sacrificing efficiency or forgetting to check a significant factor. Hiring East Bay Property Management means that you’d cut down your time spent on this process. A property manager does the necessary research without skipping vital information. Criminal background, rent history, financial checking is properly conducted. They can also easily access records, given their experience in tenant evaluation.
Another advantage is that a property manager always adheres to laws like the Fair Housing Act. This means when interviewing prospective tenants, the right questions will be asked without stepping over privacy rights.
3. Shedding Light on Legal Matters
Going into the rental business, a landlord must also be well versed in legal matters. You have to arm yourself with the latest statutes of the State where your property is located. You must abide by the governing landlord-tenant laws and follow the proper eviction procedures. Moreover, there are also guidelines on how to handle a tenant’s security deposit. The laws are dynamic and can be amended anytime.
If you work with East Bay Property Management, you can rely on their legal knowledge and ensure you will be protected as a property owner. You will be spared from the time-consuming effort of always being updated with the minute legal details. This guarantees your legal adherence when it comes to performing the duties expected from a landlord. Additionally, you will always act within your legal rights and avoid incurring penalties for overstepping your boundaries as a landlord.
4. Budgeting and Record-Keeping
If you’re a first-time landlord, managing your finances can be challenging. To succeed in the property rental business, being excellent at handling your budget is key. When you hire a property management team, they’re able to operate within the given budget. Unnecessary expenses will be avoided, and the budget will be strictly used where it’s needed.
Recordkeeping is also essential in a rental business. A property management company can keep track of financial files as well as property records. This could cover income, insurance payments, repair expenses, leasing agreements, maintenance requests and several more.
5. Dealing with Complaints and Tending to Emergencies
Managing tenants is a large part of being a landlord. As they are the lifeblood of your rental business, it’s a crucial responsibility to promptly respond to their needs and requests. Whether this entails emergencies or dealing with complaints and conflicts with other tenants, it’s your duty to manage them.
Working with East Bay Property Management means having more time on your hands and fewer stresses. Professional property managers will attend to all tenant issues and urgent situations any given day.
6. Conducting Move-In Preparations
Another time-consuming task for landlords is getting your vacant rental unit ready for the next occupant. Hiring a property management team means you’re spared from the worries of preparing your property. They will take over the repainting, ensure cleanliness and verify the working condition of appliances in your property.
They will carefully inspect every nook and cranny. They’ll work within the budget given, and can choose specific refurbishment projects. This is done to add more value to your property and market it more easily.
7. Handling Move-Ins, Move-outs and Evictions
Tenant move-ins and move-outs can take up a large bulk of your time. Hiring a property manager means the tenants will be looked after from the beginning to the end of their tenancy. In case of evictions, they will also handle the ordeal while adhering to the due process of law.
During move-in, the property manager can perform tenant orientation, reiterate property policies and share important information. They’ll hand the keys, passwords and a welcome package, if applicable.
During move-out, the property manager can conduct a property walkthrough and assess damages. They can then note things that need repair and send the tenant a calculation of the charges. The property manager will also receive the keys, refund the security deposit and make sure that no tenant’s belongings are left in the premises.
In the case of an eviction, the property manager can send the required notices and file for a lawsuit at the court. The manager can represent you and provide the required evidence to support the tenant’s eviction. They’ll make sure that the proper procedure is observed, shielding you, the property owner, from legal stress.
If you wish to secure peace of mind when it comes to managing your California property, hiring a property manager is the way to go.
Contact East Bay Property Management for solutions to your unique property needs!