Property management companies are dedicated in taking care of their client’s immovable assets and in the process nurture them to generate higher amount of income in terms or rents or resale value. Most people may presume that there is no need of engaging a property management company because it can be done by property owners themselves and saves the bother of wasting money on a third party service. What these people do not know is the bother property can generate for owners and more so if it is a rental property. Rental property companies are must if you
- Do not want to spare time for property management
- Do not know how to manage properties
- Not proficient in man management
- Living far away from the property
- Do not want to face tenants
Property management Lithonia GA
Rental Property management Lithonia GA will delegate seasoned property managers or agents and expertly manage commercial or residential properties that are given away for rent. These mangers or agents are also well versed with rules pertaining to landlord-tenant agreements. When they appoint tenants they will ensure that they are properly screened and authenticated for tenancy. They will check applicants for their credit rating, criminal records, earlier tenancy history and any other litigation pending in the court etc.
Admitting tenants with bad track record could upset your plan for nurturing your property into a well sought after rental property. This end is taken care of by the property managers as they are well resourced and experienced in the matter. This is something not every landlord possess hence it is advised that they hand over the responsibility to a reputed property management company.
Property Management Companies in Atlanta
Atlanta property management companies when engaged will provide landlords with a bevy of professional services with regards to tenancy management. They will do the following for owners:
- Advertising property in proper media to invite applicants
- Interviewing probable tenants and selecting them on merit
- Drawing lease or rent agreement and enforcing it
- Collecting rent every month and depositing it in owners bank account
- Addressing tenants’ complaints and redressing them
- Keeping the tenancy neat and clean with proper maintenance etc
- Attending to state laws on tenancy and fulfilling obligations
- Evicting bad tenants through legal measures
- Keeping low rate or no rate of vacancy thus maintaining a healthy income for owners
It will be a big bother if the property owners take the responsibility of administering the tenancy because it will be a pure waste of time and bother if they are engaged in their primary business or profession. With the help of property management companies they can be free of these bothers and concentrate on their own business.
Entrust property to property management companies to earn more
It is always a better idea to ask a property management company to take care of your real estate properties because they will increase their value with passing time and enable you to earn more out of the property. Whether it is for rental or sale, your property will prosper in the hands of property management companies in Atlanta because they are also the beneficiary along with you when the property starts earning more or sold at a higher price.
It is clearly understood that property management companies are here to earn a buck for themselves and their services are certainly not free. There are two ways most property managers earn their income out of property care and they are
- A fixed service fee per unit of tenancy
- Certain percentage out of monthly collection of rent
The fixed fee route is not adopted by most property owners or property management companies because both stand to lose revenue in case of vacancies or low rate or rent. The second option is more likely to be embraced by both because it will earn higher profits or income for them.
Higher rent means higher service fee percentage
When a property management company Atlanta Ga sign up a property. Their first action is to shape the property in to a great tenancy that high rent paying gentry won’t hesitate to take. In order to increase the value of the property they will apply fresh coat of paint, repair home and kitchen appliances, ensure regular supply of water and electricity, and keep the surroundings clean by employing professional cleaning companies.
If required they will also alter construction for increasing beauty and ambience of the building. They will also publish the property in the right media by getting it photographed by professional photographers. That will also publish the amenities and facilities provided by the property in gloriously worded text. They will ensure that the apartment or housing units are sparklingly clean and fitted with latest home appliances so as to increase rent rates.
Clean, comfortable and cozy residential units are lapped up by tenants who always opt for quality, luxury and convenience. Rental property management in Atlanta is acutely aware of present real estate market and what qualifies a tenement property to earn better or increased amount of rents. Their marketing efforts never fail which obviously results in to increased income for both landlord and property management companies.