Working with property management companies

by | May 8, 2014 | Real Estate

748050_mAs a landlord, you have many responsibilities to manage on an ongoing basis. If you are unsure of what type of methods to use to organize all of your affairs and provide timely services to tenants, you will find that property management companies can easily help you with this. When you select a property management company to help you with your apartments, single family homes, and other rental properties, you will have more peace of mind and a greater ability to get more done as you realize that it is more efficient to have another company manage your properties for you.

Increasing efficiency across the board

The lawn needs to be mowed, a broken stair needs to be fixed, the light is out in the laundry room, and your tenant has a dripping pipe. These are just some of the day to day concerns that property management companies handle. Without them to handle these issues for you, you would need to be available at every property 24 hours a day and 7 days a week. Vacations would be difficult because you would have no one to manage your rental units for you while you are out of town. This can be a very stressful way to live and one that hiring property management companies can easily alleviate.

Rent collection and eviction

Besides managing the day to day operations of your property, another way that property management companies can help is by handling your finances. They can collect all of the monies that are owed to you ensuring it is collected in a timely fashion. This will aid you in having the peace of mind that your rent monies are being collected by a company you can depend on. Not all property management companies offer this service so you will need to look around until you find one that will handle paperwork, rent collection, and when it becomes necessary, eviction.

Taking tenant applications

What use is a property business if you have no one to occupy it. You will need to look amongst property management companies who can keep all of your units filled up. This means they should be able to advertise vacancies well in order to keep your rental units constantly occupied. Their services should also include taking and filtering tenant applications to find the best residents for your properties. They will handle every aspect of taking in tenants and this will be a huge help in the management of your properties.

For quality property management, consider Northwoods Property Management. Find out more when you visit them online at

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