Basics of Property Management: Screening Potential Tenants
3 Things That A Commercial Property Manager Can Do For You
Jesse Obrien
There are so many great benefits that come along with hiring a commercial property manager. This article will discuss 3 things that a commercial property manager can do for you.
They Have Resources To Easily Screen Potential Tenants
One of the most important parts of choosing tenants for a property is to have them screened. It is important to make sure that they don't have any red flags in their background that would make them a poor or even dangerous choice for tenants. While doing a screening and background test on potential tenants yourself may be very time consuming, the process is quite quick and smooth when a commercial property manager does it. They have access to all of the resources that they need to screen the tenants quickly, and either deny them or accept them, and get them into the property so that you can start making money.
They Take Care Of Maintenance And Repair Work
Part of owning a property with tenants in it is going to require you to perform regular maintenance and repair work. However, when you hire a property manager to take care of your property, they will take care of all of these things for you. This means that they will not only take care of all routine maintenance like inspecting the cooling and heating systems in a property and caring for the irrigation system if applicable, but it also means that they are going to be the ones that the tenants contact whenever an unexpected issue arises. They will then send out a trained technician to fix the problem as soon as possible. They will definitely let you know about any issues that arise, but you simply won't have to deal with the headache of fixing them yourself.
They Monitor Your Property For You
If you don't live in the same town where your property is located, it can often be very hard to monitor the property. You may fear that it is going to be vandalized or otherwise damaged or destroyed. This is where a commercial property manager can help. They will take on the responsibility of making sure that nothing happens to your property while you are away, whether you have tenants in it or not. They will then report back to you regularly to let you know if your property is doing just fine, or if there is an incident that needs to be reported to you.
For more information, contact a business such as Bradley Scott, Inc.
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For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.