Managing a rental property is a big responsibility. As a landlord, you may be considering hiring a property management company and wondering what they do. You can hire a property manager to handle one part of managing the property, such as screening tenants, or to handle all of the operations. Although the exact responsibilities vary depending on the type of property and terms of the contract, here’s a general look at the role of a rental property manager.
5 Roles That A Rental Property Manager Will Do For You
- Managing Rent
One of the most common tasks of property management in Calgary is handling rent. Setting, collecting, and adjusting rent are the main responsibilities in this area.
- Dealing with Tenants through a Rental Property Manager
A rental property management company can also deal with tenants. This includes many tasks such as finding and screening tenants, handling leases and move outs, dealing with complaints and emergencies, and filing evictions.
- Property Management Maintenance and Repairs
Keeping the property in good condition is another major responsibility of a rental property management company. With property management in Calgary, you won’t have to worry about regular maintenance or dealing with emergency repairs.
- Knowledge of Landlord-Tenant Law
There are many laws dictating the terms of a landlord-tenant relationship. A rental property management company needs a thorough knowledge of the laws in your area to make sure everything is done properly and protect you from a lawsuit. They can also help keep things on track when it’s time to file taxes.
- Managing the Budget and Records Related to Property Management
A rental property manager can also manage a budget for the rental property and maintain the appropriate records such as income and expenses, inspections, leases, complaints, maintenance requests, and more.
Property management in Calgary makes the big task of caring for your property easier by handling the major responsibilities for you.
Mountain Park Real Estate is equipped to help you with all of your real estate and property management needs. If you’re looking to buy, sell, rent or hire a property manager, trust the experts at Mountain Park Real Estate in Calgary and you’ll receive the best possible service. Visit our website at mtnparkpropertymanagement.ca or contact them directly by emailing: [email protected] or calling: (403)-984-4404.