Some investors or landlords find it hard to keep track of their properties due to other commitments or lack of experience on how to manage a residential property. As such, the best option is always to find someone or a company that is capable to handle such matters. There are many things that are involved in residential management and the kinds of functions they have to perform differ from one property to another. Basically, the property owner usually delegates the kind of tasks they want to be handled by the management company for a certain commission or fee. Some of the tasks that a management firm may carry out are discussed below.

Most of the investors and property owners are ever busy and do not have time to attend to tenant needs. There could be a broken pipe or leaking taps that require to be fixed and the property owner may not be around to find someone to come and fix it. With residential management, such needs are attended to and without the owner having to make any physical appearance. The company or individual managing the property is mandated to ensure that the property is properly maintained at all times. Continue reading →