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Property Management Responsibilities Tenants & Landlords Should Know

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VERO BEACH, Fla. - eTradeWire -- Per Jillian Arce member of Team Paradise Property Management "Best Vero Beach Property Management Co."

1. Collecting Rent:  One of the primary responsibilities of a property management company is collecting rent from tenants. This includes setting & adjusting rent prices, enforcing late fees, & handling any rent-related issues.

2. Finding and Screening Tenants:  Another key responsibility is finding & screening tenants for a property. This includes marketing the property, showing it to potential tenants, running background & credit checks, & verifying employment & rental history.

3. Maintaining the Property:  Property managers are responsible for ensuring that the property is in good condition & meets all safety & habitability standards. This includes performing regular maintenance & repairs, arranging for regular inspections, & addressing any tenant maintenance requests.

4.  Handling Tenant Complaints & Emergencies:  Property managers are the point of contact for tenants to report any issues or concerns with the property. This includes addressing complaints & emergencies promptly & finding satisfactory solutions.

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5. Managing Finances:  Property managers are responsible for managing the financial aspects of the property. This includes paying bills, collecting & tracking rent payments, creating & managing budgets, & providing regular financial reports to property owners.

6. Enforcing Rules &Regulations:  Property managers are responsible for enforcing the rules & regulations outlined in the lease agreement. This includes addressing violations, conducting periodic inspections, & taking necessary action to ensure the property is well-maintained.

7. Handling Legal & Insurance Matters:  Property managers are responsible for ensuring that the property complies with all applicable laws & regulations. They are also responsible for securing & maintaining appropriate insurance coverage for the property.

8. Communication with Property Owners:  Property managers are responsible for communicating regularly with property owners & keeping them updated on the status of the property. This includes providing financial reports, updates on vacancies & tenant issues, & any other relevant information.

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9. Managing Tenant Evictions:  In cases where a tenant needs to be evicted, property managers are responsible for handling the legal process & ensuring it is carried out by local laws & regulations.

10. Keeping Records & Documentation:  Property managers are responsible for maintaining accurate records & documentation related to the property. This includes lease agreements, financial records, maintenance & repair records, & any other important documents.

For more information about renting a home or selling your home, please contact Jillian Arce and her team at       http://teamparadisepropertymanagement.com/

Jillian Arce

Source: Coldwell Banker Paradise
Filed Under: Real Estate

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