The Management Group manages apartments, plexes, single-family homes, condominiums, and other properties in Washington and Oregon. If you’re in the market for a property manager, it might be helpful for you to know exactly what it is we do. In fact, a lot of people — property owners and otherwise — ask what property management means and what a property management company does. What does a property manager do?
These are great questions. Let’s answer them.
Why Hire A Property Management Company?
Hiring a property management company makes sense if managing your property has exceeded the capacity for you and/or your resident manager, if there is one, to do it yourselves.
Our friends at Realtor.com provide a good overview of what a property manager does and why property owners might be interested in partnering with one.
“A property manager works for landlords,” they write, “handling the day-to-day details of running a building. If you dream of collecting income from rental property but cringe at the idea of collecting rent or getting calls from tenants about burst pipes, a property manager could be well worth the money.”
In many ways, a property management company becomes the main point of contact between you, your tenants, and potential tenants.
Property management companies perform the following essential functions (and many more):
- Marketing and advertising your available rentals
- Determining the market price for renting units
- Screening potential renters and performing background checks
- Ensuring that the property owner remains compliant with all local laws and regulations
- Collecting security deposits and monthly rent payments
- Overseeing regular maintenance requests and repairs (including emergency and after-hours repairs)
- Performing regular site visits and inspections
- Coordinating lawn care services and property maintenance
- Responding to residents’ concerns
What residential property management means for you and what a property manager does depends on a variety of factors, including the size of your property, the number of tenants, and how much oversight you’re willing to grant the property management company.
The Management Group
As a property management firm, The Management Group oversees many different kinds of properties, including single-family residences, townhomes, plexes, apartments, and condominiums. We can perform as few or as many property management functions as you see fit, including tenant placement services.
SMALL COMMUNITY RENTAL PROGRAM (UNDER 30 UNITS)
We’ve designed our own, exclusive program for multiple houses, apartments, condominiums, townhomes, and plexes. These are in close proximity and do not require onsite management.
MULTIFAMILY PROPERTY MANAGEMENT (MORE THAN 30 UNITS)
TMG provides world-class, standard-setting, multifamily property management. Our staff is laser-focused on keeping your tenants happy while securing for you the biggest return on your investment properties.
Choosing a property management company is a monumental decision. We take the worry out of the equation by offering a comprehensive and customizable suite of property management services and management fees that are among the most enticing in the industry. We’ll screen tenants with the aim of reducing or limiting tenant turnover. We help you and any additional property investors earn dividends from real estate investing.
If you already work with a property management company but are hoping to find a property manager who better serves your needs, consider a new partnership with TMG. We promise to make the transition seamless. We’ll work directly with your previous management company to gather information, transfer records, notify tenants, and transfer utilities.
Get in touch with The Management Group today. We look forward to speaking with you.