Property managers do not pay for rental property repairs in North Carolina or anywhere else. That's because they can't predict what these costs might be when calculating their rates.
That doesn't mean that a rental property management company won't save you time and money when it comes to maintaining your property. They undertake extensive property maintenance coordination to benefit your Charlotte investment properties.
Read on to find out more about how you can benefit from working with these professionals.
What Services Does a Property Management Company Offer?
Property managers' fees vary according to the services they offer, your location, and the size of your property portfolio. A comprehensive package usually comes at a higher price.
You can also opt for customized packages that exclude certain services. You'll pay less for these partial management programs.
Rental property company responsibilities usually include:
- Rental property marketing
- Home showings
- Tenant background checks
- Lease negotiations and origination
- Rent collection
- Guidance in legal affairs
- Registration of rental properties
- Basic accountancy
- Routine property inspections
- Maintenance coordination
- Invoicing for repairs
- Move-in and move-out reports
Some property management services also offer residential guarantees and eviction protection.
What Is Rental Property Maintenance Coordination?
Maintaining a rental property in optimum condition is one of the most time-consuming duties of any property owner. By law, you must keep your rental property in a safe and habitable state, but effective property maintenance goes far beyond these basics.
A well-maintained home retains its value and is less likely to need repairs regularly. As a landlord, you'll need to manage any necessary repairs swiftly if you want to keep your tenants happy.
These unexpected problems can become expensive, especially if they occur after hours.
Property maintenance coordination can help you stay up-to-date with your maintenance tasks to help limit the chance of unexpected repairs and costly replacements. This involves staggering repairs throughout the year and carrying out routine property inspections.
During these visits, you should check every aspect of the rental unit. Working according to a rental property maintenance checklist can help you identify any small issues before they become big problems.
Rental Property Management Saves You Time and Money
Hiring a property management service helps alleviate the stress and time associated with maintenance coordination. A property manager will carry out routine inspections and coordinate routine maintenance on your behalf.
They're always available to field calls from your tenants regarding repair requests and can rectify these issues quickly thanks to their relationships with local contractors.
They'll see that these repairs are carried out quickly and cost-effectively. You'll receive an invoice for your property's maintenance expenses along with your monthly owner statement.
Hire Property Management Experts in Charlotte, NC
A property manager might not pay for repairs, but their rental property management skills can help you save on these costs.
PMI Mecklenburg is your first choice for property management in Charlotte, NC. We are backed by over 20 years of real estate experience and have helped hundreds of landlords maximize their rental homes.
Discover great value for money when maintaining your Charlotte investment property.
