A question we are often asked is: what does a property management company do? So today, I am discussing what a Grand Rapids property management company does to help a rental property owner.
Professional Property Management Grand Rapids and Accessibility
One of the most valuable aspects of hiring a property manager is that we stand ready to respond to the needs of the property 24 hours a day and 7 days a week. This might be a maintenance issue, such as a broken pipe that’s causing severe water damage or a drain that isn’t draining or a furnace that has broken in the middle of the night on a Friday, when it’s 20 degrees outside. A Grand Rapids property management company can respond quickly so the property isn’t damaged further and the health and safety of your tenants isn’t at risk. We are there to make sure money isn’t being lost by more damage occurring or residents not being served. If you don’t respond to these needs, they can withhold rent or even worse, break their lease and move without penalty. Property managers reduce your liability by being available all the time.
Being on call allows our owners to take a vacation or even attend dance recitals and baseball games without having to check their phones all the time to make sure there isn’t some emergency with the property. We give you the freedom to live your life while owning rental property.
Professional Property Management Grand Rapids Best Practices
We stay in front of the best practices in property management. We understand the market, which helps us to price rentals, find you the best tenants, market properties, and conduct in-depth tenant screening. We know that having a strong lease is necessary to protect you and your investment. Property managers understand fair housing and all the city regulations required for rentals.
Professional Property Management Grand Rapids and Software
Having really great software helps a property manager do a good job. We provide clients with professional reports at the end of every month. These reports give you a snapshot of your cash flow. You can see your entire portfolio in an itemized and easy-to-read format. If you don’t understand it, contact us and we’ll talk through any charges, capital expenses, or any questions you have. We can also provide the documentation you need for taxes at the end of the year.
When you’re wondering – what does a property manager do? Remember that the ultimate goal of a property manager is to take the headache away from owning a real estate investment. Clients can passively sit back and collect rental income without the worry that goes with being a landlord.
We find great pride in providing a valuable service for our clients and bringing great homes to the people in our city. If you have any additional questions about what property managers do, please contact us at Qwest Property Management.