Property Management requires handling multiple jobs that range from dealing with tenant issues to negotiating contracts for garbage removal, grounds keeping and janitorial services. Effective property management keeps everything running smoothly, 24/7. Here are a few property management tips to help smooth out various issues and situations.
SET PROTOCOL AND POLICIES: REMAIN CONSISTENT
All property rules for tenants should be in writing and provided upon leasing signing.
KEEP UP-TO-DATE BOOKS OR HIRE A BOOKKEEPER
Maintaining organized financial records regarding tenant rent and property expenses such as maintenance, employee payroll and trash removal is essential.
IT'S OKAY TO OUTSOURCE
SCHEDULE /PERFORM ROUTINE INSPECTIONS TO REDUCE PROBLEM RISK
Regular inspections can help reduce the risk of potential problems in and around the property and its units.
MAINTAIN SUPPLY OF ESSENTIAL PROPERTY MANAGEMENT TOOLS
Keeping a well-stocked supply of property management tools helps the day run smoother and may reduce hassles and headaches.
ATTEMPT TO RESOLVE DISPUTES FIRST WITHOUT LAWYERS
Many tenant disputes can be solved by meeting and addressing the issue. Follow all property protocols before threatening eviction and calling a lawyer.
ESTABLISH AND MAINTAIN OFFICE HOURS
Established business hours allow tenants to contact property management easily when a maintenance call is needed instead of putting it off and allowing the problem in their unit to worsen, which can lead to costly repairs.
Pristine Property Management, LLC
9480 NE 2nd Ave #128
Miami Shores F, 33138