A residential property manager operates an income-producing residential property on behalf of the owner. Properties Property Management Cape Coral FL commonly referred to as residential include single-family homes and single-family homes, condominiums, townhouses, and apartments.
As part of the services provided by Philadelphia Property Management Service, our Residential Property Manager takes care of all steps of the vacancy marketing and leasing process and the regular day-to-day duties of keeping the property in good condition.
From analyzing the area, determining rental rates, and showing the property to potential tenants, to qualifying their applications and negotiating lease terms and conditions, Philadelphia Property Management Company’s residential property manager takes care of all the necessary steps to lease a building.
Unlike commercial properties, which tend to have longer leases, turnover in residential properties is high, with most leases generally lasting between 6-12 months.1 Therefore, a large part of our residential property management is marketing, showing, and letting space.
Our professional property manager will also coordinate all building maintenance needs, track all administrative and financial information, and maintain current building insurance, payroll, taxes, mortgages, and budgeting.
Communication is crucial for residential managers, and good managers maintain regular contact with the property owner; whether through updates or in a less formal way, our property manager will be sure to keep our clients primed abo the status of their investment.
Residential property management is instrumental when the property owner lives far away from their investment. Indeed, whether it’s a matter of convenience or a wise business investment, property managers are an exceptional way to ensure that an income-producing property earns maximum returns at the lowest cost.
Residential rental property management is beneficial when the owner lives far away from their investment property.
Here are some of the foremost property manager duties performed by a Philadelphia property management company:
Looking for Tenants: Property managers are responsible for making sure rental properties have tenants. This could include creating advertisements and advertising the property on offline and online platforms.
Tenant Screening: Screening includes checking criminal history, employment, and credit ratings. This helps choose tenants who will pay rent on time and cause fewer problems.
Dealing with Leases: The property manager sets the lease terms and ensures that they are written in support of the owner. However, the lease should also be drawn under local landlord and tenant laws.
Dealing with repairs and maintenance: The property manager must keep the rental property livable and secure. Maintenance includes leak checks, smoothing, trash removal, landscaping, and snow removal.
Site Title 