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FAQs
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What is a property management company, and what services do they offer?A property management company is a professional firm that specializes in managing real estate properties on behalf of property owners. Their primary goal is to handle various responsibilities related to property ownership, making the process more efficient and less stressful for property owners.
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Will I still have control over my property if I hire a property management company?Yes, as the property owner, you will still retain control over your property. Property management companies work on behalf of the property owner and make decisions based on the owner's preferences and instructions.
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How do property management companies find and screen tenants for my property?Property management companies use a variety of methods to find and screen tenants. They may use online advertising, property listings, and local marketing to attract potential renters. The screening process typically involves background checks, credit checks, rental history verification, and income verification to ensure prospective tenants meet the required criteria.
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What are the responsibilities of a property management company regarding property maintenance and repairs?Property management companies are responsible for coordinating and overseeing property maintenance and repairs. This includes responding to tenant maintenance requests promptly, hiring qualified contractors for repairs, and ensuring that the property is kept in good condition.
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Can a property management company help with marketing my rental property to attract more tenants?Yes, property management companies have expertise in marketing rental properties effectively. They can use various marketing channels, both online and offline, to attract potential tenants and reduce vacancy periods.
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