When you’re looking for a professional Lamorinda property management company, it’s important to choose property managers who understand and meet your needs. A full-service management company should handle everything from leasing to management to maintenance and accounting.
Professional Leasing Services
A full-service property management company will find and place a qualified tenant. There are several things that have to happen before you’ve leased your property, however, and a good management company will also take care of those details, which include:
- Preparing the property for the rental market
- Accurately pricing the property
- Taking high quality marketing photos
- Strategically advertising the home
Your property manager will arrange showings, follow up with prospects, and take care of the application process. You should expect rigorous screening that’s consistent and compliant with all fair housing laws. Once a tenant has been approved, a full-service property managers will collect the security deposit and other move-in funds, go over the lease, and conduct the move-in inspection, which ultimately documents the condition of your home when the tenants take possession.
Ongoing Management and Maintenance
With a good tenant in place, you can expect your property management company to take care of any day-to-day issues or logistics associated with your property. This will include collecting rent, enforcing the lease, managing questions from tenants, and responding to any maintenance or repair issues. Your property manager should be available 24 hours a day and seven days a week to take care of emergencies. If the water heater explodes in the middle of the night or the heat stops working on the coldest day of the winter, you can count on your management company to protect the tenants and your investment.
Routine maintenance is also part of what your property management company will do. You can expect them to have access to a reliable team of vendors and contractors who are licensed, insured, and willing to stand behind their work. Preventative maintenance should also be part of the services you receive. When a property manager is keeping a close eye on the functions of your home, you’ll have fewer surprises and less expensive repairs.
Professional Accounting and Bookkeeping
A full service property management company will use technology to improve communications and keep all their systems and processes efficient and effective. When it comes to accounting, you should expect detailed and transparent accounts and statements. Your property manager should always keep you informed on the income and expenses associated with your investment, and you should have all the forms and documentation you need at tax time.
Online portals are available through nearly every full-service property management company in Lamorinda. You should be able to log onto your owner portal and see your statements as well as inspect documents such as leases, invoices, and inspection reports. With the right technology, your property management company will be able to collect and pay rent electronically and provide an easy and secure way to communicate.