Before hiring the services of a property manager you should be aware of the services they assure you of and the respective charges for the same. As a landlord or a property owner it perhaps is a good idea to get a sense of what you can get for your property instead of a property manager talking you into any amount. However the size and location of the property is also an important consideration before finalizing the rate.

1. Advertising
A property manager has to look at the property and make a good enough advertisement highlighting the property to attract prospective renters. If he or she is experienced enough they would know the points to showcase in the ads so that they can get renters in the shortest possible time. It definitely does not make sense to leave the property vacant for a long period.

2. Showcasing
The next most important facet of a property manager is to maintain and showcase the property in its best form. Between renters one should be responsible enough to take care of the property, get it cleaned and painted and make it attractive for tenants. It is not only about beautifying the property but also about keeping it in good shape. The property managers should also at regular intervals conduct checks on the property in order to make sure that the tenants are taking good care of it and not trashing it or treating it with disrespect. If the property manager is vigilant enough, the tenants would also be careful about treating the property with respect and taking care as if it were their own.

3. Finding Good Tenants
It is not always possible as property owners to be able to choose the right tenant. Experienced property managers are known to screen the applications, screen the prospective tenants, finalize rent, collect rent from the tenant, and be responsible enough to deposit rent into the owners’ bank account. This should be done on a monthly basis or as advised by the property owner.

4. Reporting
Since he or she is the conduit between the landlord and the tenant, he should interact with the tenant and that landlord and bring up issues that need to be addressed with regard to the property. The property manager is also responsible to speak to the tenant and fix issues with regard to irregularities of rent payment and maintenance of the house. You should also expect them to be submitting a monthly, quarterly, and half- yearly, yearly statement of accounts that show all the expenses and income that has accrued from the house to keep things clear.

Therefore having a property manager is very beneficial as things like finding a tenant; negotiating with the tenant; keeping to the necessary legalities; maintaining the interest of the property owner and the tenant at the same time; as well as understanding the requirements of the property owner with regard to the property and everything with regard to rentals happens seamlessly without the property owner being hassled about these things.

There are different commission that is charged or a percentage of the rent is payable to the person depending on the size of the house and the contract with the property manager. It is of great help to have a property manager in case you have multiple properties and you are looking at renting them out. It is worthwhile paying a small percentage from your earnings and all for such good services that promises you a good night’s sleep.

Owning land or homes is a great thing if you can afford it. Unfortunately with the economy the way it is many people are finding themselves to be a little tight on money. The problem gets even worse when considering the housing market is very poor right now which means if you have those properties you likely can’t sell them for additional income. Despite all these things there is a solution that can remedy this predicament; utilizing residential property management.

Benefits of Hiring a Residential Property Manager

Residential property management is the process of acting as a liaison between the owner of a property and typically those who rent or actually live in it. Many people own properties that they no longer use and essentially are just taking up space and consuming precious amounts of their hard earned cash to preserve. This no longer has to be a nightmare for you if you choose to hire someone who specializes in residential property management.

Save Time

Someone specializing in residential property management can basically do all the work for you when it comes to renting or leasing property. This is a great opportunity because there are many confusing things that go into this process. Some of these things are concerned with zoning laws, credit checks for renters, rent payments, billing, and utility usage for the property.

If you want to make money of your property, but not deal with tenants and all the paperwork then hiring a professional trained in residential property management is key.

Other uses of Residential Property Managers

Not all people who desire this service rent out their properties. This service can be utilized to also maintain a property in another area for your occasional visits. Some people tend to do this with properties that have cabins or summer/winter homes on them. Having someone take care of these properties while you are away is great because you don’t have to deal with a mess every time you come to visit.

Add Grass
Many home owners decide to plant grass in their front and rear yards because it has a peaceful appearance and gives a yard a classic look. Be sure to mow your lawn regularly to ensure that it has a nice, trimmed appearance. You need to keep in mind that the seasons do change, and you may feel frustrated during certain months because your lawn is not green. Try planting Rye grass for the cooler months of the year, and Bermuda grass in the summer months.

Use Rock
A good alternative to a grass lawn is to place rocks in the front and back yards to allow a consistent appearance on the ground. You may need to spray and pull out weeds regularly. You will also need to be sure to remove any dead leaves and debris on a regular basis. Do not let the dead leaves get out of hand; be sure to use a leaf blower on your yard once a week if possible.

Plant Trees and Plants
Adding plants to your yard is a must! It is a good idea to plant larger plants such as shrubs to the rear of smaller plants such as flowers. Adding cacti is a great idea because they require very little maintenance and appear beautiful year round. Bougainvilleas are great to plant near windows and walls because they are beautiful year round and work great as a deterrent to unwanted visitors entering your home through windows due to their large amount of thorns. It is important to keep all of your plants well watered and trim them on a regular basis to ensure that they retain a pleasant, clean appearance year round.

Be sure to look around in magazines and at other people’s beautiful yards as a guideline for making your yard as beautiful as it can be!

Step 1. Free Professional Consultation

• On Q will check the condition and note the upgrades of the property
• On Q will talk with home owner about what needs to be done prior to marketing the property for rent
• On Q will review rental comps in the area that have been rented over the past year
• On Q will give an educated per month rental amount to the home owner

Step 2. Signing on with On Q’s Automated Systems

• Within 48 hours: The Property Manager will call the home owner to introduce themselves and finalize the paperwork
• Within 48 hours: On Q will coordinate any maintenance, cleaning, or carpet cleaning at discounted rates. (If needed)
• Within 48 hours: On Q will email you a user name and password to your 24/7 OWNERS PORTAL.
• Update contact information
• Real-Time threaded conversations with property managers with email alerts
• View and approve work orders
• View bills and attached invoices
• Access owner statements
• Make electronic contributions to the portfolio balance
• Run real-time reports
• Access shared documents
• Within 48 hours: On Q will put a lock box on the property.
• Within the first five days: On Q will upload the home owners signed agreement to their PORTAL

Step 3. On Q’s Dynamic Rental Marketing

• Within 48 hours: On Q will put up a sign.
• Within 48 hours of the property being rent-ready: On Q will take up to 40 pictures of your property
• Within 48 hours of the property being rent-ready: On Q will begin marketing your property on over 100 websites including craigslist once per week.
• Each week until your property is rented: On Q will call the home owner to discuss the properties showings, rental status, and feedback from potential tenants

Step 4. On Q’s Tenant Screening Guarantee

• On Q will run credit and criminal background checks on all potential tenants at no charge to the home owner
• On Q will get a proof of income/employment
• On Q will contact the tenants past landlord to check their payment history and the condition of the property when they moved
• On Q will interview the tenant to see if they have pets, special requests, and finalize the move-in date and rental amount
• On Q will call the home owner with this information. The home owner has the option to except or deny the tenant

**On Q will guarantee that all approved tenants will pay rent for a minimum of 90 or we will re-rent the property for FREE (no marketing or leasing fee will be charged)**

Step 5. On Q’s Automation

• On Q will call the home owner every six months to see if they would like a routine inspection report of their property
• Whenever rent is paid: On Q will send you an automated email showing the amount of rent paid by the tenant
• On the forth day of each month (if rent has not been paid)Q will send an automated email letting you know that rent is late.
• On the fifth day of the month (if rent has not been paid): On Q will send an automated email letting you know we have sent out a five day notice
• On Q will help you through the evection process in the unlikely event that it becomes necessary
• Before the 15th day of the month: On Q will direct deposit the rents into the owners bank account and post ‘The Owners Statement’ to the owners PORTAL

Step 6. On Q’s Move-Out Process 30 day Move-Out Notice Received

• Within 48 hours of receiving the 30 day notice: On Q will notify the home owner
• Within 48 hours of receiving the 30 day notice: On Q will move the property back to Stage 3 and get the property re-rented as soon as possible
• 30 days after receiving the 30 day notice: Preform the move-out inspection
• 30-32 days after receiving the 30 day notice: Schedule any maintenance or cleaning needed
• 45 days after receiving the 30 day notice: Send a detailed accounting of security deposits to the tenant