Property management
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- Property management
1- Operates and controls property.
2- Complies, negotiates, and executes new leases, renewals, security deposits or terminations.
3- Coordinates and oversees repair services deemed necessary by owner, or contractually required under a lease, pay for services with owner’s funds.
4- Actively promotes property when necessary through advertising, marketing, and listing available units.
5- At owner’s expenses, serves legal notices to tenants when necessary on behalf of owner, with Owner’s prior consent, and hires attorneys when needed for eviction proceedings or rent recuperation. Owner agrees to be an interested party in such legal action, and Manager has full authority to settle claims on behalf of owner.
6- Seeks new tenants when appropriate, making no guarantees as to the occupancy level of property.
7- Collects rent from tenants when due, making no guarantees as to regular payment from tenants.
8- At Owner’s expense, hires collection agencies when necessary.
9- Maintains a thorough accounting of rent payment receipts, expenses, and charges on a monthly basis for owner.
10- Hires and supervises employees to repair, maintain and decorate property.