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Follow on Google News | Property Management Responsibilities Tenants & Landlords Should KnowBy: Coldwell Banker Paradise 1. Collecting Rent: One of the primary responsibilities of a property management company is collecting rent from tenants. This includes setting & adjusting rent prices, enforcing late fees, & handling any rent-related issues. 2. Finding and Screening Tenants: Another key responsibility is finding & screening tenants for a property. This includes marketing the property, showing it to potential tenants, running background & credit checks, & verifying employment & rental history. 3. Maintaining the Property: Property managers are responsible for ensuring that the property is in good condition & meets all safety & habitability standards. This includes performing regular maintenance & repairs, arranging for regular inspections, & addressing any tenant maintenance requests. 4. Handling Tenant Complaints & Emergencies: 5. Managing Finances: Property managers are responsible for managing the financial aspects of the property. This includes paying bills, collecting & tracking rent payments, creating & managing budgets, & providing regular financial reports to property owners. 6. Enforcing Rules &Regulations: 7. Handling Legal & Insurance Matters: Property managers are responsible for ensuring that the property complies with all applicable laws & regulations. They are also responsible for securing & maintaining appropriate insurance coverage for the property. 8. Communication with Property Owners: Property managers are responsible for communicating regularly with property owners & keeping them updated on the status of the property. This includes providing financial reports, updates on vacancies & tenant issues, & any other relevant information. 9. Managing Tenant Evictions: In cases where a tenant needs to be evicted, property managers are responsible for handling the legal process & ensuring it is carried out by local laws & regulations. 10. Keeping Records & Documentation: For more information about renting a home or selling your home, please contact Jillian Arce and her team at http://teamparadisepropertymanagement.com/ End
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