Property management services don't pay for maintenance or repairs on your property. That's because they can't predict the expenses related to property maintenance, so they can adjust their rates accordingly.
A property manager's role is to encourage lease renewals, protect your property's value, and ensure you comply with legal maintenance expectations.
All these requirements are related to repairs and maintenance coordination in some way. Read on to discover more about what you can expect from your property manager when it comes to maintaining your investment property.
What's Involved in Rental Property Maintenance?
Property maintenance is an inevitable part of any rental business. They're closely linked to property inspections and urgent repair requests.
When you hire a property manager, you don't need to deal with these time-consuming and inconvenient tasks.
Property managers can also access a pool of reliable third-party vendors. Thanks to their relationships with these contractors, you can often get better rates and faster service when you work with a property manager.
They're always available to assist tenants with repair requests and can facilitate these quickly to limit damage and inconvenience.
Property maintenance fees usually cover maintenance coordination, but you pay all the costs associated with the work itself.
What Is Maintenance Coordination?
A property manager ensures tenant satisfaction and encourages lease renewals by coordinating necessary maintenance tasks.
Maintenance coordination involves setting up a maintenance plan for your rental property. This includes creating a calendar of routine and preventive maintenance tasks.
They facilitate these activities by:
- Sourcing the best prices
- Booking the necessary services
- Checking the completed work
- Arranging timely payments
Sticking to a maintenance routine helps prevent unnecessary repairs and postpones replacements. By spreading the necessary work over the year, you won't find yourself paying for repairs all at once, either.
Sometimes, property managers will time these routine maintenance tasks to coincide with their property inspections. This limits disruptions for your tenants.
What Is Included in Your Property Management Fees?
Property managers charge different types of fees depending on how many services you need. A comprehensive package typically includes everything you need to succeed as a landlord.
In most cases, you can choose cheaper packages that offer fewer services. Common services offered by property management companies include:
- Marketing your property
- Showing the home to interested clients
- Tenant screening
- Drafting of lease agreements
- Rent collection
- Legal advice
- Registration of rental properties
- Basic accounting
- Routine property inspections
- Maintenance coordination and invoicing
- Move-in and move-out reports
Additional services may include eviction protection and residential guarantees.
Hire a Property Manager Today
Whether you hire a property manager or not, you'll still need to pay for repairs and maintenance on your property. Property management services help reduce these costs with efficient maintenance coordination and swift action.
PMI Cowboys Realty can assist you with a full range of property management services to help you save costs as a landlord. We offer maintenance coordination, property inspections, and more.
We can help you streamline your processes and reduce maintenance costs for your investment property in Coppell, Texas.
