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FAQs
What is residential property management?
Residential property management involves overseeing the day-to-day operations of rental properties, including single-family homes, apartments, condominiums, and townhouses. It includes tasks such as tenant screening, rent collection, property maintenance, and lease management.
How do property management companies find and screen tenants?
Property management companies use various methods to find tenants, including online advertising, signage, and referrals. They typically conduct background and credit checks, verify employment and rental history, and check references to ensure prospective tenants are qualified and reliable.
What is included in property maintenance services?
Property maintenance services may include regular inspections, routine maintenance tasks (such as lawn care and snow removal), repairs (both routine and emergency), and coordination of service providers (such as plumbers and electricians).
How often will I receive updates on my property's performance?
Property management companies typically provide regular updates to property owners, including financial statements, rental income reports, and maintenance logs. The frequency of updates may vary depending on the management company’s policies and the owner’s preferences.