Looking for a good property manager or agent to manage your property can be a daunting task you will face as a landlord. Luckily, you have a choice and we want to win your business! We offer the ideal combination of experience, professionalism, and commitment to our existing landlords because we understand that property management is not just about collecting rent or striking a deal on fees. Even though we are commercially competitive, we do not compromise on systems, training, equipment or standards that can help us select quality tenants, ensure timely rental payments and minimal vacancies. There are some of the property management tips that you should know.
Property Management Tips
Property condition report
What is a property management report? It is a report compiled at the commencement of a tenancy before a tenant moves into your property. The report is very important as it gives the condition of your property before the tenant moves in and when the tenant moves out to in order to make sure your property is left in the same condition as it was before. After a tenant vacates your property, the property condition report is referenced to ensure that the property is in a good condition it was when the tenant moved in. This inspection will enable the tenant to know if there are items they need to rectify before they move out.
What are routine inspections? They are inspections conducted on a regular basis after a tenant has moved in. Routine inspections is an important property management tips as they ensure that a property is properly maintained. It also helps you to identify things that need to be fixed as soon as possible. A copy of the inspection report will be forwarded to you after every inspection and if necessary, a member of the team that manages your property will contact you and talk to you about the report.
What if a tenant stops paying rent?
If a tenant does not pay rent within the required period, he or she will be issued with a notice of breach. This tells them that they have not paid their rent on time and requests them to rectify the problem. If this is not done within the stipulated time period, the tenant will be issued with a termination notice requiring that they vacate the premises. Watch this video for more information: