HUD Articles
What types of services does a property management company provide?
October 14, 2023
Property management companies provide a wide range of services to landlords, including:
Marketing and tenant placement: Property managers can market your rental property to potential tenants, screen tenants, and help you select a qualified tenant.
Lease management: Property managers can draft and execute lease agreements, collect rent, and enforce the terms of the lease.
Property maintenance and repairs: Property managers can oversee routine maintenance and repairs, as well as coordinate emergency repairs.
Financial management: Property managers can collect rent, pay bills, and track expenses.
Tenant relations: Property managers can handle tenant complaints and requests, and resolve any disputes that may arise.
In addition to these basic services, many property management companies also offer a variety of other services, such as:
Move-in and move-out inspections: Property managers can conduct move-in and move-out inspections to document the condition of the property and identify any potential damage.
Eviction proceedings: If a tenant fails to pay rent or otherwise violates the terms of the lease, property managers can assist with eviction proceedings.
Accounting and tax preparation: Property managers can provide accounting and tax preparation services to help landlords track their income and expenses and file their taxes accurately.
Legal assistance: Property managers can provide legal assistance to landlords with issues such as lease drafting, tenant disputes, and eviction proceedings.
The specific services that a property management company provides will vary depending on the company and the landlord's needs. When choosing a property management company, it is important to ask about the specific services that they offer and to make sure that their services meet your needs and budget.
