Frequently Asked Questions

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  Firstly, it can save you time and effort by handling the day-to-day tasks associated with managing a property, such as tenant screening, rent collection, and property maintenance.  Additionally, property managers can effectively deal with tenant issues and ensure legal compliance, minimizing your risk as a landlord.

 For multifamily properties, such as apartment buildings, it's typically recommended to budget between 3% and 4% of the property value. For commercial properties, the recommended budget is typically between 5% and 6% of the property value. 

 Property management services can vary from company to company, but they generally encompass several key responsibilities. These may include marketing and advertising rental properties, screening and selecting tenants, collecting rent, handling lease agreements, coordinating property maintenance and repairs, conducting regular property inspections, and handling any tenant issues or disputes that may arise. Some property management companies may also offer additional services such as financial reporting, property accounting, and legal assistance.