A full-service property manager provides a wide range of services to property owners or landlords to help them efficiently manage their real estate investments. These services typically cover various aspects of property management, from tenant placement to property maintenance, financial management, and legal compliance. Here are the key services that a full-service property manager may offer:

 

    Tenant Placement:  

Advertising vacant properties,Tenant screening and background checks, Lease agreement preparation and signing, Move-in and move-out inspections.

 

    Property Marketing:

 Photographing and advertising rental properties, Creating property listings on various platforms, Setting competitive rental rates to attract tenants.

 

    Rent Collection:

 Collecting monthly rent payments from tenants, Enforcing rent collection policies, Handling late payments and eviction procedures, if necessary.

 

    Property Maintenance and Repairs:

Regular property inspections, Scheduling and overseeing maintenance and repair work, Emergency maintenance response, including 24/7 availability.

 

   Financial Management:

Tracking income and expenses related to the property, Providing detailed financial reports to property owners, Handling security deposits and refunds, Paying property-related bills on behalf of the owner

 

   Legal Compliance

Ensuring that the property complies with local, state, and federal laws and regulations, Handling legal issues, including evictions, if required, Staying up-to-date with changing laws and regulations

 

   Tenant Relations:

Responding to tenant inquiries and concerns, Facilitating communication between property owner and tenants, Handling lease renewals and lease terminations.

 

   Vacancy Management:

Minimizing vacancy periods by promptly finding new tenants, Preparing and cleaning the property for new tenants, Marketing and showing vacant units.

 

   Property Inspections:

Regular property inspections to identify maintenance or safety issues, Move-in and move-out inspections to document property condition.

 

   Record Keeping and Documentation:

Maintaining records of all transactions, leases, and communications, Providing property owners with access to important documents and records.

 

   Insurance and Risk Management:

Recommending and managing property insurance coverage, Advising on risk management strategies.

 

   Financial Analysis and Planning:

Providing property owners with insights and recommendations for maximizing their ROI, Assisting with budgeting and financial planning for property-related expenses.

 

These services are designed to relieve property owners of the day-to-day responsibilities of managing their properties and ensure that their investments are well-maintained, financially sound, and compliant with all applicable laws and regulations. Property management companies may offer variations of these services based on the specific needs and preferences of their clients.