What is full service property management

Full service property management refers to a comprehensive approach to managing a rental property. This type of management includes a range of services designed to help landlords and property owners effectively manage their investments.

This typically includes advertising the rental property, screening tenants, collecting rent, handling maintenance and repair requests, and ensuring that the property is in compliance with all local, state, and federal laws and is ideal for landlords and property owners who want a hands-off approach to managing their rental properties, as the property manager will handle all aspects of the rental process.

Here are some of the key services that full service property management companies offer:

Marketing and advertising

This involves advertising the rental property to attract potential tenants, including listing the property on popular websites, such as the Multiple List Service, Zillow and Apartments-com, as well as managing any virtual tours or open houses.

Tenant screening

This involves conducting background checks, credit checks, rental history, and employment verifications to ensure that the tenant is a good fit for the property.

Rent collection, Owner payments, and Eviction oversight

The property manager will handle the collection of rent and ensure that it is deposited in a timely manner as well as having a process to pay owners quickly and efficiently. Unfortunately, sometimes evicting a tenant will need to happen and a good property management company should have services to oversee this headache for you.

Maintenance and repair

This involves handling all maintenance and repair requests from tenants, coordinating with contractors and vendors, and ensuring that the property is kept in good condition. Having a proper Work Order system to document all repairs needed and their status of completion is a must-have in today’s world to ensure all maintenance is happening in a timely fashion.

Period Inspections

Property managers should conduct property inspections at least every six months to document the condition of the home, to check all smoke and co detectors as well as changing out the furnace filter. Staying on top of maintenance by visually inspecting the home on a regular basis and ensuring the tenant is taking care of the home is important to protect the value of your investment.

Legal compliance

This involves ensuring that the property is in compliance with all local, state, and federal laws, including those related to fair housing, health and safety, and environmental regulations. Taking care of lead testing and certification where needed and ensuring the rental license stays current.

Whether you're a seasoned landlord or a new property owner, full service property management can help you save time and reduce stress by handling all aspects of the rental process.

If you have questions or would like to discuss property management services for your investment property, give us a call at 443.252.3385 or email us at info@bluedoor-pm.com today!

www.BlueDoor-pm.com