Property Management: Why You Need the Support of a Full-Service Company Property to Rent by Fred Pedro - September 18, 20170 Property management companies are used to manage properties as well as sources for tenants. If you are a property owner, you want to make sure that your building is managed and maintained so you can maximise your investment. That is why the choice for a property management company is important. Whether you are a landlord of one building, own a multi-let, or preside over several properties, you need to rely on a property management company’s services. How a Property Management Firm Can Help The following list represents some of the ways that property management companies assist landlords or property owners. Marketing of properties or vacant rooms by Eastbourne letting agents Preparing rooms or properties for tenant use Screening tenants Preparing and initiating current rental contracts and licences Collecting rents Chasing late rents Providing monthly accounts of financial activities Coordinating maintenance activities End-of-year reporting services, including tax filing Continually maintaining and caring for properties Inspecting properties monthly Performing check-outs with tenants, including reviewing conditions and discussing deposit deductions, if necessary Landlord-Based Information and Advice Property management companies also offer landlords and property owners a number of helpful resources that they can utilise for their rental properties. Some of the guides or information include the following: Information on landlord duties Fire safety advice for landlords Licensing houses with respect to multiple occupation Electric safety for landlords As you can see, there is a lot to consider when it comes to managing a property. That is why you need to turn over the activities to a reliable provider.