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Professional Property Management: How It Works and How It Can Benefit You

Orangetown Property Manager Speaking with Rental Property OwnersDo you maintain a single-family rental property? In that case, you may question whether you should be employing an Orangetown property management company to support you in managing it. But what does a professional property management company even do – and is it worth the cost? This blog post will go in-depth on how professional property management works and what a property manager can do for rental property owners. By the end, you’ll be able to better figure out whether property management is ideal for you.

What is Property Management?

Professional property management is overseeing and managing a rental property on behalf of the owner. Mostly, this may involve tasks and endeavors, in particular, marketing the property, screening and approving tenants, collecting rent, handling maintenance and repair requests, and more. In the majority of cases, property managers may also be responsible for handling evictions.

Property management companies typically charge a percentage of the monthly rent as their fee. For example, if your property rents for $1000 per month and the management company charges a 15% fee, you would pay them $150 per month. Some companies also charge additional fees for services particularly lease renewals or marketing.

What Does a Property Manager Do?

The job of a property manager can be a very busy one. Property managers are responsible for many different tasks. Some of the most common functions of a property manager include:

– Marketing the property: Property managers are responsible for looking for tenants for your rental property. This encompasses listing the property on rental websites, showing the property to potential tenants, and screening applications.

– Screening and approving tenants: When you have a pool of interested tenants, it’s up to the property manager to screen them and select the best candidate. This commonly covers running a background check and verifying their income and employment history.

– Collecting rent: Property managers are indeed responsible for collecting rent from tenants each month. They may also manage late payments, returned checks, and evictions (in some cases).

– Handling maintenance requests: When tenants have a maintenance or repair request, they will submit it to the Orangetown property manager. The property manager is in charge of coordinating with contractors, scheduling repairs, and guaranteeing that the work is brought about in time and properly.

The ideal property management companies can equally support you to optimize your investment properties and grow your portfolio. They grant expert market analyses, correct insights into the local rental market, and data-driven recommendations (such as when to raise the rent, which upgrades to make, and more).

Benefits of Hiring a Property Management Company

There are a lot of benefits to hiring a professional property management company. Quite possibly the most apparent and crucial is that it frees up your time. If you’re managing your rental property yourself, that’s a great deal of time spent on tasks like marketing the property, working on maintenance requests, and many others. Property managers can look after all the day-to-day obligations correlated with owning and managing a rental property. This can save you time and money while granting you more free time and the opportunity to focus on other important things in your life.

Other crucial benefits of hiring a property management company include:

– Reduced vacancy rates: A skillful property manager will expertly know how to market your rental property and screen tenants properly. This can help you effectively fill vacancies speedily and reduce the time your property is unoccupied.

– Increased rent collection: A property management company can help you collect rent on time. They may additionally help you increase your rent prices (in some cases) without any problem.

– Lower repair and maintenance costs: A property manager will have a network of experienced contractors they work with regularly. This can help you get much-needed discounts on repairs and maintenance, together with being certain that the work is completed properly and on time.

– Fewer legal problems: A property manager can help you avoid potential legal issues by obeying all the vital laws and regulations. They will additionally know exactly how to deal with difficult situations, the same with evictions, professionally and legally.


If you’re seriously considering enlisting a property management company, secure to do your research and select a reputable company that provides the range of quality services you need and want. Real Property Management DePenn has over 30 years of experience in single-family rental property management. Contact us online today to know more about how we can help you properly manage your properties and successfully grow your investment portfolio.

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