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Posted by Judie Langford on Apr 21, 2014 in Real Estate

The Responsibilities Of Property Management Companies In Fayetteville, GA

The Responsibilities Of Property Management Companies In Fayetteville, GA

If you own investment or rental property it can be difficult managing the tenants and the property, especially if you own several properties or live in a different state than where your properties are located. Property Management Companies in Fayetteville, GA are a “middle-man” between the property owner and the renter. Property Management in McDonough, GA is responsible for a range of things, such as collecting rent, finding and evaluating potential tenants, evictions and ensuring the property is in good condition. There are several factors to consider that will ensure you are hiring the best property management company for your needs. One of the most important factors to consider when choosing Property Management Companies in Fayetteville, GA is that they have experience with tenant management. Handling tenant issues is an integral part of the property managers portfolio. The property management company will be responsible for handling any complaints that are bought against the tenants by neighbors, such as loud music or an unkempt yard. The primary goal of property management is to attempt to handle any situation without having to involve the property owner.

The property management company should provide you with financial reports routinely. It is important to determine when the company typically sends out financial reports; monthly, quarterly or yearly. The reports should include all money received, all bills that were paid and any expenses, such as emergency repairs. All maintenance costs should also be included in the report, including lawn care, painting, carpet cleaning and plumbing. The property management company should handle all aspects of renting the property. This includes advertising for potential tenants, conducting criminal and background checks on potential tenants and collecting a deposit and rent from the tenant. If there is a problem with non-payment of rent, the majority of property companies are also responsible for issuing an eviction notice and in some situations, going to court when necessary for an eviction. It is important to have a clear set of guidelines between you and the property management company. For example, if you want to be contacted each time there is a problem with the property or if you only want to have contact with the property management company through monthly reports.

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