What is a Property Management Company and What Does it Do?

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What is a Property Management Company and What
Does it Do?

• Before deciding whether or not you will need a
  property management company, it is essential to
  understand their roles. That way, you can make an
  informed decision that suits your needs and
  properties.
• If you're entertaining the idea of getting
  professional help for your rental but still
  asking yourself, 'What does a property
  management company do?', you're at the right
  place! In this article, we'll walk you through
  the role of a property manager and their everyday
  duties and responsibilities.
• What is Property Management Company?
• A Property Management Company is a business or
  organization that manages real estate and rental
  properties. Property managers handle leasing,
  collecting rent, maintenance issues, tenant
  relations, and compliance with relevant laws for
  their clients. Property Management Companies
  have experienced professionals knowledgeable
  about all aspects of property management.
• What Does Property Management Company Do?
• Property managers typically manage a property's
  day-to-day operations, including screening
  tenants, collecting rent payments, and handling
  maintenance issues. Property management
  companies also handle legal tasks such as
  evictions and preparing leases. In addition,
  property managers may oversee multiple
  properties for one or more clients. Property
  Management Companies strive to maximize returns
  on investments while minimizing costs and
  liabilities for their clients. Property managers
  handle tasks such as
• Property Market Research and Analysis - Property
  managers use market research to determine the
  most appropriate pricing structure, which helps
  landlords maximize profits while keeping tenants
  satisfied.
• Property Showings - Property managers coordinate
  with prospective tenants to scheduling showings
  of available properties, evaluate tenants to
  ensure they meet the criteria established by the
  owner, and conduct lease negotiations.
• Property Maintenance - Property managers are
  responsible for ensuring that all maintenance
  needs at a rental property are met, including
  scheduling repairs and preventative maintenance
  as necessary. Property managers may also be
  responsible for coordinating with outside
  contractors when more specialized work is needed.

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• Property Rent Collection - Property managers are
  responsible for collecting rent payments from
  tenants, tracking tenant accounts, and ensuring
  that all late fees and other relevant charges are
  paid when due. Property managers may also
  provide tax advice to landlords regarding rental
  income.
• Property Legal Compliance - Property managers
  must stay up to date on applicable laws related
  to rental properties, including tenant-landlord
  laws and regulations, fair housing laws, rent
  control regulations, building codes, and health
  and safety regulations. Property managers must
  also ensure that all paperwork related to rental
  properties is kept up to date and in compliance
  with these laws.
• Property Management Companies are an invaluable
  resource for landlords who want a professional
  to manage their rental property. Property
  managers can help landlords maximize profits and
  minimize liabilities. Property management
  companies can also provide invaluable advice and
  assistance regarding tenant relations, rent
  collection, maintenance issues, legal
  compliance, and more.
• Are you in search of a Property Management
  Company in Seattle? Davis Management Group, LLC
  is a highly recommended Property Management
  Company providing expert property management
  services tailored to the needs of your property
  and investment strategy.