Do you own a rental property? It can be difficult to manage these properties if you lack the expertise and the time. That is why San Jose property management companies are the perfect solution for so many landlords in Santa Clara County. Of course, if you have never heard of one of these companies then you may not know what they can actually do for you. Keep reading to learn about the wide-variety of services that management companies provide for countless landlords throughout Santa Clara County.
Day-to-Day Maintenance
One of the greatest challenges that landlords face is keeping up with the day-to-day maintenance of their properties. If you are an on-site landlord this can be an easier task. However, if you are person who has a few rental properties that you rent out for extra income and work a normal day job to pay your own mortgage, then you are not readily available if something needs to be repaired right away. There are also landlords who live several miles even several states away that cannot be onsite the moment something breaks. This is what a property management company is employed to handle.
Repairs and Complaints
These are the two things that property management firms take care of on a daily basis for overworked or absent landlords. Instead of the tenant calling you about a repair they would call the management company who would then send someone out to access the damage as soon as possible. They also handle complaints that tenants might have.
Financial Management
Another positive that comes with hiring a management company is that they can take care of the finances for you. Nearly all management companies will collect the monthly rent for you. Others may even be willing to pay all the bills for you including:
The mortgage on the property The utility bills Real estate tax bills Repair bills
Not all property owners need all of these services, but for those that do want these services it can make these types of management firms invaluable. Even if you prefer to handle all of your own finances, you may want to consider letting a management company collect the rent. One, many firms offer the option to pay online. Renters who can pay online are generally happier with the convenience. Two, it takes the pressure off of you to enforce late payment penalties. The management company takes care of all of this.
Finding Tenants
Another reason to consider letting someone else manage your property is that they will handle finding new tenants for you should your current tenants be asked to leave or they leave after their lease has expired. These companies will handle all the advertising, the interviewing, the credit checks and collecting the deposits. This means no more paperwork for you.
Professional Companies Only
Of course, if you decide to go the route of hiring a San Jose property management company make sure you find one that has a great reputation. Check with the Better Business Bureau to make sure there are not unresolved complaints and trust your instincts. If you get a bad vibe, move on. You need a company that will represent you and your properties in the most professional manner possible.
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Source: http://www.christianhermancummings.com/?p=243
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