The COVID-19 pandemic has redefined the way we do things and how we serve our customers in the realm of property management. Now more than ever, creating impactful and valuable relationships with owners and residents is crucial. This article delves into the types of services that property management companies provide and the benefits of providing exceptional service.
Types of Services that Property Management Companies Provides
Property management companies offer a variety of services to make it easy for both the owners and for the people working or living on the property. Some companies provide full-service property management, which means they handle all the responsibilities of a landlord, or partial property management, which offers help for owners who still want to get involved with the everyday operations of their property.
Here are the types of services that property managers provide:
- Property Evaluation, including determining the accurate rental rate
- Creating Guidelines and Policies for Renters
- Marketing the Property for Rent
- Tenant Screening and Move-In Assistance
- Collecting Rent
- Managing Evictions
- Moving Out Assistance
- Property Inspections
- Maintenance, Repairs, and Remodeling
- Handle Financial Concerns
- Keep all historical records
- Legal Guidance
Benefits of Excellent Property Management
Being an excellent property manager requires effort, commitment, and good communication skills. It is a constant balancing act of keeping the owners happy, the residents satisfied, and the property well-maintained and protected. Here are the benefits of providing excellent property management services:
When providing a service, customers always expect undivided attention. The owner, the residents, or even prospective tenants should feel that their needs and requests are being met wholeheartedly. When they are given undivided attention, they are assured that the property manager is showing genuine interest in their concerns and they know that they are being heard.
Listening to the needs and issues of property owners and residents is only the first part of the equation. The next part is promptly acting upon them. Excellent property managers are problem solvers and action-oriented. They create systems to address needs as efficiently as possible.
Exceptional property managers anticipate problems and issues even before they crop up. They usually have a preventive maintenance policy in place. They have an eagle eye and act upon the solution right away. They plan maintenance and construction projects ahead of time and make sure everything goes as smoothly as possible. They know when to hire contractors, handymen, and clean up and junk removal services. In fact, they have a good relationship with these service providers because they’re considered partners in keeping their properties organized and well-maintained.
If you’re in the business of property management, the question that you need to answer is, are you ready for the different challenges and issues that you may face in the future? With changes that are happening at an unpredictable and rapid pace, owners and residents are expecting property managers to step up and provide responsive and outstanding service.
You made a good point when you discussed that exceptional property managers foresee troubles and issues even before they crop up. My friend wants to get their residential property managed. I should advise him to hire an expert in residential property management to ensure reliable work.