What Does The Management Fee Cover?
What Does The Management Fee Cover?
If you are a rental property owner, choosing to work with a property management company is a huge decision to make, both time and money-wise. If you have a packed schedule, additional occupation(s) or multiple properties to juggle, hiring an experienced property management company can be a great way to secure rental income while also saving yourself both stress and time.
Blog Post – Emerald Management & Realty Ltd.
Property managers usually collect fees for their services, which ensures that all areas of your property-related concerns are looked after. This includes some of the tougher work, such as eviction processes, dealing with difficult tenants, hunting down overdue rent payments or answering late-night phone calls. At Emerald Management & Realty Ltd., we also offer 24-hour emergency support to make sure any issues with your property are resolved promptly and efficiently.
Management fees also cover other processes that are undertaken to ensure the success of your property. At Emerald Management and Realty Ltd, we also provide a value added service with our in-house maintenance department. Emerald’s maintenance team members cover responsibilities that are often beyond the scope of on-site building managers.
Some of these value added services include:
Managing Tenants
When you hire a property management team, one of the main responsibilities they take on is managing your tenants. From finding your tenants to screening tenants to handling evictions, they are experienced with keeping everything in check.
Financial Reporting
Knowing that the rent has been paid and that your property is being maintained is important. Every month, Emerald Management & Realty Ltd. will send you an operating statement that includes income, expenses and a detailed ledger. This will keep you informed about how your real estate asset is performing.
Preventive and Routine Maintenance
Property maintenance doesn’t just involve addressing problems when they arise or on a case-by-case basis. It also involves organized planning of maintenance tasks, which is often best-handled by a professional property management team. When maintenance is regularly handled, tenants are more likely to remain comfortable and happy.
Preventive maintenance helps keep the property functioning in good condition at all times. This may include regular plumbing and leak checks, extermination checks to keep the property pest-free, regular landscaping, trash removal or snow removal. Routine maintenance involves scheduling specific tasks that need to be done repeatedly and consistently, such as cleaning leaves from the front lawn or changing HVAC filters every few months.
Renovations and Repairs
It is the property manager’s responsibility to either fix issues when they arise or take care of hiring another professional to handle them. This means they will be in charge of finding reliable plumbers, contractors, electricians or other professionals to make sure the job gets done right.
Reach Out To Us
Overall, as your property manager will be looking after your most important assets, our services have been developed to help ensure peace of mind. To learn more about our property management, maintenance and other services at Emerald Management & Realty Ltd., contact us today!
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