A full service San Ramon property manager should do everything for your property from A to Z. It starts with getting your property ready to rent. There are maintenance needs and habitability requirements that must be met, and your property manager will make your property more marketable.
Once your home is ready to rent, a property manager will do a lot of marketing. That includes taking pictures and creating video tours, and writing a compelling ad that’s compliant with fair housing laws. Then, there are numerous inquiries to field, phone calls to answer and emails requiring responses. Property managers will schedule appointments to show your property and sell tenants on why they should rent it. All of this has to be done within the scope of state, local and federal laws.
Tenant Screening and Placement
After showing the property, your manager will accept and process applications. At this point, you want to find the very best tenant out there and get that tenant into your home. Once a tenant moves in, you must document the condition of the property so you can compare how it looks at the time of move out. The tenant has to agree to how the place looks and sign the lease agreement. Then, a property manager collects rent and deals with questions and tenant issues throughout the tenancy.
Maintenance and Repairs
Maintenance is always going to be an issue. Homes will need repairs. Your property manager is prepared to deal with these issues, whether it’s a problem with the garage door, a roof leak or something simple like a door not latching properly. Landlords need a reliable list of vendors who can help maintain the property.
Move Out Process
When the tenant provides notice to move out, California landlords are required to offer the tenants an initial inspection. During the last two weeks of a tenancy, your San Ramon property manager will do a walk through with the tenant to identify any potential security deposit deductions. If you don’t do this, you can lose out on deductions that you could have made. You also need to set expectations for how the tenant should return possession; when the keys come back to you and what the final move out date will be.
The property manager you hire should do these things as well as basic accounting, managing the financial aspects of your property and taking care of receivables and expenses. You should be getting advice about insurance, and referrals to professionals who can help you maximize your return.
If you have any questions about what a property manager can do for you and your property, contact us at Advantage Property Management Services.