By PRANDI Property Management Monday, September 10, 2012
A lot of people wonder if they should do manage their property themselves, or hire a professional management company to do the work for them. To be honest, there are benefits to both options.
What's the benefit to doing it yourself?!?!Day Job: We are professionals, who have been doing this work for over 25 years now (with Melissa Prandi having been in the industry for over 30 years), and this is our day job. That's important to note, because a lot of our do-it-yourself landlords already have work that takes up most of their daylight hours! We are set-up to easily take in all rent, maintain the maintenance calls/dispatches for routine and emergency issues, and handle all annual evaluations. We use a professional company for our contracts and leases, and all of the details in those documents has been approved by our Real Estate Attorney.
Close By: We are located in San Rafael, CA, and only manage properties here in Marin County. From our location, we have easy access to Hwy 101, and can drive 20 minutes in any direction to get to each of our managed properties. A lot of our property owners live away from the area, or even out-of-state/out-of-country at times, and it's a bit easier to do a drive-by of the property when we're so close!
Experts In the Field: We have been doing this successfully for so long now that we know how to read the market, and properly set the current rental rate. We have a professional on-staff photographer who takes all of the wind-angle photos for the ads. We have our advertising department to a "t" and post the property details to sites that update the listings on a nightly-feed on our behalf. We are also equipped with a property management software company that tracks all of your daily income and expenses, rental payments, maintenance billing and year-end financial data on your behalf.
Tenant Showings and Application Screening: When it comes time to show the property, our qualified rental agents will set-up the property viewings, meeting all prospective applicants at the property. We have a thorough screening process that allows us to run the applicant's credit, call current and previous housing references, as well as verify monthly income.
Legal Matters: Our staff has knowledge of upcoming laws, Fair Housing practices, and local legislation that will need implementation. We make sure that all of our rental properties' owners & tenants know what's coming soon and abide by all local, state and Federal changes as necessary. We are also ready to handle any and all lease violations.
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