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Title:

Why Property management important

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Maintaing and renting property can be rather emphasize on people. the constant watching over and answering tenants needs. the worrying about and deals with bad tenants. – PowerPoint PPT presentation

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Title: Why Property management important


1
Why Property Management Important
2
  • Maintaing and renting property can be rather
    emphasize on people. the constant watching over
    and answering tenants needs. the worrying about
    and deals with bad tenants.

3
Benefit of Property Management
  • If you've purchased an investment property,
    you may find that there are several advantages to
    using a property manager, rather than managing
    the property directly.

4
Role of Property Manager
  • Property managers are responsible for setting
    the initial rent level, collecting rent from
    tenants and adjusting the rent.

5
  • Setting Rent
  • The property manager knows how to set the
    right rent level to attract tenants to your
    property. They have an understanding of the
    market where the property is located and have
    looked at comparable properties in the area.
  • Collecting Rent
  • They play the role of the enforcer. They
    ensure optimal cash flow by setting a date to
    collect rent each month and strictly enforcing
    late fees.
  • Adjusting Rent
  • The property manager can increase the rent by
    a fixed percentage each year, according to
    individual state and/or municipal law.

6
  • For Hiring Trusted Madison Management company
    visit madisonprop
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