1. Finding and screening tenants: They handle the process of marketing the rental property, conducting background checks and credit screenings on potential tenants, and selecting reliable tenants.
2. Rent collection: They ensure that rent is collected on time and handle any late payments or eviction processes if necessary.
3. Maintenance and repairs: They take care of all maintenance and repair issues, coordinating with contractors and ensuring that the property is well-maintained.
4. Legal compliance: They stay updated with local laws and regulations regarding rental properties, ensuring that landlords are in compliance and avoiding any legal issues.
5. Handling tenant issues: They act as a point of contact for tenants, addressing any concerns or issues that may arise during the tenancy.
6. Financial management: They provide detailed financial statements and reports to landlords, keeping them informed about the income and expenses related to their rental property.
Overall, a property management company helps landlords save time, minimize stress, and maximize the return on their investment by efficiently managing their rental properties.
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