Thursday, June 25, 2009

Proper Management from A to Z

Good management is not defined by quick leasing and high rental rates. A good manager should focus and improve on many areas of management. Should an owner’s property need any repairs, a good manager should handle all repair facilitation as well as pass the repair cost savings received from our vendors due to our high business volume directly to them, free of charge. Additionally, some management companies should consider establishing a handyman service. Provide professional license and insured repairs at below market repair rates exclusively to our clients is a great selling point.

It would not seem that this is an additional area of concern. However, many of managers actually charge repair coordination service fees. We believe that this is completely ridiculous. Having no hidden fees is important. Many owners look at it as being unethical. Furthermore, hidden fees can do a great disservice to the owner.

A quality management software program is also a must. This software should enable managers to provide accurate, comprehensive free accounting statements and should be provided with full service management. Accounting statements should be ready for your accountant to put directly into their Schedule E. No deciphering, reconciling, or adding up receipts should be needed. Consequently, your clients should not have to pay an accountant for this service likely saving you up to $500 per property, per-year.

A good manager should also have a business relationship with a good eviction and tenant-landlord dispute attorney in the area; all rental agreements should be custom attorney prepared leases that are up-to-date with current statutes.

These leases should help protect your clients from frivolous lawsuits and help insure more favorable collection judgments. Also, should you need to sue a tenant; your clients should receive reduced attorneys fees due to your business relationship with this attorney.

For Free Consultancy about Hiring Naples Rental Management pls visit this link

http://www.naplespropertymanagement.net/owners.html

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