What are the services offered by a property management company?

 Property Management Services in Charlotte, NC

The process of managing a residential or commercial property in Charlotte, NC is not an easy process because it involves a lot of things. A property management firm in Charlotte, NC will work closely with the property owners to evaluate their needs while offering services. In fact, it provides methods to manage all activities involved in the property management enabling a property owner to get peace of mind. It is advisable for people to know more about them in detail before hiring services from a company.

Here is a list of services offered by a property management company in Charlotte, NC and one should follow them properly.

1. Screening the tenants in Charlotte area

One of the main problems faced by a property owner is choosing the right tenant when renting a home or commercial property in Charlotte. A property management company will screen the backgrounds of tenants such as criminal records, credit checks, employment history, eviction history, and other things. Screening a tenant will help to avoid disputes and lawsuits enabling a property owner to minimize unwanted expenses. A property manager at Grant Street Realty will check the details of tenants from various sources to make sure that they don’t have any black marks in job and life. He will also ask for references from tenants before renting a property to them. This will help to select the right tenants properly allowing a property owner to minimize potential threats.

2. Property inspection

As a property management firm in Charlotte, NC, Grant Street Realty will inspect a property with qualified inspectors to know the defects and repairs in advance. This, in turn, gives ways to fix them immediately that can help improve the conditions to a large extent. Another thing is that property owners can protect their rental investments after inspecting a property with a company. Moreover, they will receive a detailed report about property conditions accurately allowing a property owner to solve them as soon as possible. In addition, a firm will carry out home or commercial property inspection before renting out them to tenants.

3. Documentation

It is a difficult one to draft, prepare, and maintain the documents after renting out them. A property management firm in Charlotte will help to prepare renting and leasing agreements with high accuracy. Furthermore, it provides ways to file the documents properly to crosscheck the details anytime. Most companies will make the documentation process a simple one to save more time. Some of them even show ways to file tax returns on time to minimize penalties and other issues.

4. Marketing

Many people don’t know how to advertise their properties while renting them in Charlotte area. A property manager at Grant Street Realty will guide property owners to advertise a rental property through various channels to reach potential renters quickly. He will act as a link between a tenant and owner after renting a property in a location. A company conveys all the information regarding rented properties to tenants enabling them to proceed further. Apart from that, it will meet tenants and showing the property to them. In most cases, a manager makes feasible ways to grab the attention of tenants in markets with high-quality images, description, catchy titles, and other things.

5. Rent collection

As you property management firm in Charlotte, Grant Street Realty takes the responsibility to collect rent from tenants on time. In addition, it will remind the rent dues by contacting a tenant through phone or sending email to pay them quickly. It ensures the timely collection or rent from tenants enabling a property owner to minimize unwanted issues. Also, the company will send a notice to tenants who have not paid the rent for a long-time.

6. Complaints handling

It is not an easy one to handle the complaints of tenants after renting a property. As your property management firm in Charlotte, we will attend the problems immediately and fix them as soon as possible which will help to reduce the stress. Besides that, it makes feasible methods to carry out the repairs and other works after hearing complaints from tenants.

7. Evictions

As your property management firm in Charlotte NC has the rights to evict tenants when it is not satisfied with their activities. It even sends notices to tenants in advance for undesirable tenants. Furthermore, it plays a key role in representing a property owner in the courts. Anyone who wants to solve legal disputes can seek advice from a manager for reducing the risks.

8. Determining accurate rental rates

As your property management company in Charlotte will evaluate the present markets with special attention to determine the rental rates based on them. Charlotte property management recommends property owners to fix rental prices after studying the markets. A property owner can get reports from the company to know more about the rental markets in detail which help make the right decision.

9. Monitoring of tenant compliance

Most property owners don’t know about the rules and regulations while renting a property to tenants. A property management company makes sure that the tenants meet all requirements mentioned in the agreement. It also helps to learn about the municipal codes, state laws, and other things related to a rental process. This will help a lot to prevent legal threats from the tenants.

10. Protection

A property management firm provides methods to protect a property and tenants in Charlotte from thefts or other issues. Apart from that, it will recommend a property owner to install security and safety equipment to avoid criminal activities. Property owners who want to know more about liability insurance or worker’s compensation can seek advice from a manager for minimizing lawsuits and other problems. In addition, it will confirm whether the contractors have a valid insurance policy or not while performing important works in a property.

11. Annual reports

A property management company will inform a property owner about the tax deductions related to a rental property. It makes payments to various authorities on behalf of owners allowing them to save time. Apart from that, the company provides annual reports to a property owner enabling him to know the details of expenses with bills and receipts. The company even shows ways to file the annual reports on time that can help to evaluate the profit and losses in detail.