Property Management ServicesThis Is A Summary Page A property owner should look for the following services being provided by a professional property manager : TENANTS Handle all dealings with tenants. INCOME Collect all rent on your behalf, and distribute funds on the tenth of each month.
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EXPENSES
Contract for, and pay all the property's regular expenses from an Operating Account on your behalf.
COMMUNICATION
Owners should receive a detailed computer-generated report on the status of their real estate investment every month.
MAINTENANCE
Your investment should be protected with conscientious routine maintenance and quick effective action in non-routine situations.
INVESTMENT MANAGEMENT
Property management should go beyond maintenance and collections. As experts in real estate, a property manager should be able to recommend the best and most appropriate strategies for your property.
FEES AND OTHER COMPENSATION
Most state law requires real property managers to be state licensed and regulated real estate brokers .
Be sure to see our page titled Selecting a Property Manager
See also our sample Property Management Agreements o n the Forms Web
This Is A Summary Page
The above topics are discussed in much more depth
on our members' Property Management Services page.