Ultimate Rental Property Management Resource

List of All Services

Property management services are the duties executed by property managers to successfully operate a rental property. These services can include overseeing a property’s entire operations with everything from rent collection to maintenance repairs.

Rent Collection

Collecting rent for a rental property is a simple, yet essential task that is vital to determining the success of an investment property. A well-structured strategy, often bolstered by technology, can streamline this process while minimizing delays and disputes.

Security Deposits

Rental property security deposits are tenant-provided funds that provide a safety net against tenant damages or unpaid charges. Implementing clear guidelines on the collection, holding, and return of security deposits fosters a transparent landlord-tenant relationship and can mitigate potential disputes.

Tenant Screening

Proper tenant screening is the force behind every successful rental property. When done correctly,  tenant screening ensures that the landlord is getting the most qualified tenant. The screening process is usually done through third-party tenant screening softwares that provide reports such as credit checks and criminal history.

Property Maintenance

All rental real estate properties require property maintenance and repairs. This component of rental property management entails preventive measures, timely responses to repair requests, and strategic upgrades.

Utility Management

Rental property utilities are typically covered by the tenant, while others can also be covered by the landlord. This ongoing expense can influence rental rates, lease terms, and marketability of the property.

Property Management Software

Property management software helps property managers and tenants handle various aspects of administration such as rent payment, scheduling property maintenance, and owner reporting.

New Tenant Screening Software

Tenant screening software allows landlords and property managers to verify personal and financial information provided by applicants on their commercial and residential rental applications.

Management Fees

Understanding how property management fees work and the rationale behind them is a powerful concept that landlords should understand to help plan, budget, and decide on services needed to successfully manage their rental property.

Full vs Partial Service

The 3 most common types of property management service agreements are: Full Service Management, Partial Service Management, and A La Carte. Be sure to choose the one that best aligns with your goals as a rental property owner.

Property Management Documents

From leases to maintenance requests, rental property documents form the foundation of all rental interactions and transactions, in addition to providing legal protection and transparency.

Rental Property Listing Platforms

Filling vacant units through marketing and rental property leasing is an important role of property management. Online real estate listings platforms help renters easily find available properties.

Starting a property management company requires strategic planning of aspects like market research, establishing vendor relationships, obtaining licensing, and client development.