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General
Tenant Relations
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Collect
Rent
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General
Vendor Relations
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Arrange
for Repairs
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Supervise
repairs and see that repairs are done properly
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Get
approval for major repairs and capital expenditures
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Send
appropriate notices to tenant for late or nonpayment of rent, violations
of rules, etc.
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Initiate
or oversee evictions if necessary
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Inspect
the property at regular predetermined intervals
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Provide
owner with financial statements accounting for all money received
and disbursed
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Recommend
preventative maintenance schedules
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Implement
risk management procedures and policies to mitigate the inherent risk
associated with owning and operating residential and commercial rental
properties
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Advertise/Market
rental properties
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Implement
occupancy and tenant retention strategies to maximize cash flow and
profitability, and minimize vacancy without sacrificing due diligence
in tenant selection
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Adhere
to Fair Housing Guidelines and attend to relevant housing laws and
regulations
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Recommend
capital investments in repair and improvements to sustain productive
property assets and improve future net cash flow
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Provide
digital documental of property prior to tenant moving in and after
tenant moves out to ensure appropriate liabilities and handling of
security deposit
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Complete
Property Inventory and Condition Form when tenants are moving in and
after tenant moves out
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Operate
according to the parameters set forth in the property management contract
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