As a property owner, you have responsibilities. You not only want to ensure that your property is attractive and functional so that you can find and retain tenants, you need to keep your tenants happy with thorough communication. However, property owners have responsibilities beyond caring for tenants. If a tenant gets hurt on your property and it's deemed to be due to your negligence, you will need to be financially responsible. Even with insurance, you could experience a legal case that could cost you time and money. Professional rental property management can come between you and your tenants in a positive way, by reducing your personal liability.
In many cities, the condominium market is hot. In Seattle, some folks are looking to catch the tech wave and live in a place that's close to work and entertainment, while others want to live in high-density, low maintenance homes in walkable neighborhoods. As a property owner, this inflow of motivated buyers can also mean an inflow of keen tenants, as many people decide to commit to a location but not to home ownership. This means that as an owner, you need to learn how to work with the unique condominium market.
It's ten o'clock in the evening and the phone rings. It's your tenant. She's just gotten in, and the leak that she noticed in her water tank earlier has grown to a small flood. You're tired, but you know you need to deal with this before tomorrow, or more damage will occur. You can't get across town, so you call a maintenance company about the emergency. The cost is astronomical, and your tension builds. Being a landlord isn't always easy. In fact, it's rarely simple. Working with a property management company can help prevent you from falling into these property management nightmares.
It's summertime, and moving is just as complicated as it's ever been. Summertime is often move-in or move-out time for many rental properties. Families get settled in new neighborhoods, singles move with school schedules, and others make the decision to settle in a new city. Before an existing tenant leaves and another tenant moves in, owners can follow certain steps to make the move-in and move-out process as smooth as possible, or they can work with a property management company to navigate this busy time. Here are four repair and maintenance things that should be on your permanent to do list.