Do you own an investment property that you rent out, and are you actually doing all the duties of being your own landlord?
Are you thinking of investing in rental property, but you’re not sure if you want to be a landlord?
If you replied yes to any of those questions, whether you are holding on to or considering investing in a single-family rental (SFR), duplex, or triplex, you should consider hiring a specialist property management company to take the work off your hands. I strongly suggest you to visit Fairfax Property Management Company – Commercial Property Management to learn more about this.
Let ‘s look at what a property management company is, what a competent management company is doing, and how to determine not just whether to employ one, but also how to recruit the right property management company.
What is Ownership Management?
Let ‘s start by getting a sense of what a property management company is doing and not doing. A property manager can assist you with several critical tasks. For example, if the property manager or landlord acknowledges a rent overpayment because they have miscalculated and the occupant has overplayed projected rentals and CAM charges this may lead to an occupant win in the wrongful detainer action. It will theoretically also grant the tenant the right to fees for lawyers. In this step, being right is important. When they are personally served with the three-day notice, the occupant is considered served, or a responsible person at the place of business is personally served on the premises. The landlord or property manager can connect the notice to the front entrance door of the business premises in the event that no one is open, while simultaneously submitting a copy of the three-day notice requested by certified mail return receipt. The landlord or property manager must then prepare in the correct format a ‘proof of service’ which states in the relevant part that the ‘three-day notice’ has been served on the tenant, or explains the service process.