What is Property Management?

What is Property Management?

Property Management is not just collecting the rents.

There are so many things that a Full Service Property Management Company does besides just collecting the rents.

Here are just some of the things we in the world of property management do but believe me when I type that we do a lot more.................
Rent collection

Provide/supervise maintenance
Payment of all bills/mortgages
Monthly computerized statements
Creative advertising/marketing vacancies
Thorough verification/credit screening
Assist/supervise resident managers
Retain legal services (at owner's cost)
Advise of competitive rental/lease rates
7 days a week and 24 hours a day emergency availability
Take care of tenant complaints
Annual Walk through
Property Management is not an easy job. It takes a lot of attention to detail, patience, continued education, keeping up with the laws and ordinances both locally, state wide and nationally.
Keeping up with Technology is also very important.
Property Management Companies should hire employees and not independent contractors and the owner of the Property Management company should be always thinking ahead, insist on all employees taking Fair Housing Training, workshops, getting designations in property management, keeping up with technology and laws individually as well as company wide.
Everyone should find their Niche. Mine has been property management for 27 years starting out as a receptionist and doing anything and everything to learn the business and 22 years ago purchasing the company from the owners at the time.
I have never been bored and each day is a "Never a dull moment day"
Signing off for now with my first official blog..............
Melissa Prandi, MPM
PRANDI Property Management, Inc. CRMC
Author of "The Unofficial Guide to Managing Rental Property"
email: prandiprop@aol.com
415 482-9988 ext. 203
http://www.prandiprop.com/