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SpinDistribute.com Article Directory

The following article was published in our article directory on July 2, 2015.
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Things to Know About a Residential Property Manager in Northern Virginia

Article Category: Real Estate

Author Name: Betty Best

Anybody can be a property owner, but not everybody wants to become a landlord. Some of them do not have the desire or time to handle late-paying tenants, unruly people, leaking toilets, etc. Because of this, property owners hire a professional residential property manager in Northern Virginia to supervise their properties. Successful business people understand that the best way to use their time is to find another good business deal rather than handling everyday tasks involved in property management.

For those who consider hiring a property manager, here are some of the things to know about rental management companies in Northern VA.

Properties They Have Managed

Homeowners must know the type of properties that these companies have managed and in which part of the town they are located. They may not be fit for the homeowner if the company mostly manages huge apartment complexes and the homeowner simply has a single-family house. Likewise, the property must be in the same area as the other properties that the company manages to make sure they do not give less attention simply because they do not want to drive to that property.

Dedicated Property Manager

It is important to find out whether the property will be managed by anyone in the office or if the company will designate a property manager. It is a lot better to have just one contact person who serves as the property manager who will be familiar with the property instead of just talking to anyone who answers the phone. If there is a dedicated residential property manager in Northern Virginia, make sure that they have the experience and they have managed comparable properties.

The fees of property management companies are different. When homeowners compare companies, they have to make sure that they know what is involved in the monthly fees. Furthermore, they have to know the fees for certain things not included in the monthly fees because these expenses may add up quickly.

Collecting Rents

Part of the responsibilities of property management companies include collecting rents, and paying for maintenance, repairs, and other expenses. Homeowners have to know when they will receive the payment directly from the company. Some property management services in Northern VA hold rents for about a month before giving them to the homeowner, while other companies pay them out on the 15th of every month. Determine whether the company would pay for the expenses and charge the homeowner or they will just deduct them from the rents collected before paying the homeowner.

Vacant Units

Homeowners must find out how the residential property manager in Northern Virginia would be advertising the vacant unit. They have to know if there will be a fee for showing a vacant unit to prospective tenants or for having new tenant move-ins. They also have to understand the fees in finding a new tenant and how long it would take for them to do it.

Before deciding on a residential property manager in Northern Virginia, homeowners must take the time to know these important things. Once they have an experienced property manager, they can focus on other things such as finding another good business deal.

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