Owning a property is a great feeling, especially for someone who has worked for years to achieve their dream. Although it may seem materialistic, a property is the symbol of the hard work one has put in over the years. Therefore, when it becomes necessary for a family to move away from their property due to their work, which requires them to move to another area, the natural concern is with the management of the property in their absence. In some cases, the property is purchased from an investment perspective and therefore may be moved away from where it resides. This is the time when one starts looking for property management services.
If you happen to be looking for such agencies, which offer property management services, it would be good to know about the services offered by these agencies so that you know what to ask for and what to expect. Agencies offering property management services deal with independent houses, apartments and villas. Once you have reached an agreement with one of the agencies, it becomes the agency’s responsibility to rent out your property by identifying the right tenant. This is done by advertising in the local media about the property available for rental. Responses to advertisements are followed up quickly by the agency, which shows the property to potential tenants. A detailed report of those who have visited the site will be given to the owner to allow him to make a decision. Once this is finalized, the agency executes the rental contract.
Property management services go further. Rent is collected monthly on behalf of the landlord and deposited into the landlord’s bank account. The owner will receive a scanned copy of the payment slip from the relevant bank. In addition to the collection of rents, regular visits to the property will be carried out by the professionals of the agency to ensure that the property is properly maintained by the tenant and not diverted in any way whatsoever. Photographs of the property are taken and sent to the owner during these visits. Visits are periodic but the agency is always ready to help tenants in case of difficulty. If there are major repair works, the agency reviews them and appoints outside contractors to identify the cause of the repair and the nature of those repairs. If the search reveals to the tenant to be at the origin of such a repair, the fact will be brought to the attention of the owner to allow him to take the appropriate measures.
Repair work is first taken care of by the property management services agency and then billed to the owner. One of the most important services offered by property management agencies is inventory verification. When a tenant owns a property and releases it, an inventory is carried out. The reason behind such an audit by the agency is to ensure that the physical assets are in good condition. So, the role of property management agency is very important and hence when you enter into an agreement with such an agency, you can be assured of quality services.