The Benefits of Working With a Real Estate Management Firm

Dealing With Tenant Maintenance Calls

When a tenant calls in for maintenance, it can be a frustrating experience. The landlord has to deal with many factors in this situation:

  1. The tenant must be notified of the problem and how to fix it.
  2. The tenant has to be given time to discuss the issue and make a decision.
  3. The landlord must be able to provide the proper instructions for the safety of the property.

If the call is not an emergency, the landlord may need to hire a vendor to do the repairs. This can add additional expenses and overtime pay. A repair vendor needs to be safe and trained to stay on task. A landlord needs to keep an up-to-date record of all repair requests. Recording each repair request will help determine if it is a high-urgency or moderate-urgency complaint. Using a property management company can also help manage tenant maintenance. These companies have a dedicated team of personnel to handle tenant calls. They screen calls, dispatch vendors, and recommend the next steps.

Finding And Screening Potential Tenants

When working with a real estate management company, it is important to know how to find and screen potential tenants. This will help you avoid major problems and establish strong relationships with your new tenants.

First, be sure to provide tenants with a proper rental application. You’ll need their contact information, employment details, and references. Also, an expert in Glendale real estate management mentioned that you’ll want to know their renting history, such as if they were evicted in the past. The most reliable form of tenant screening is a credit check. Credit checks can reveal money management issues, a criminal record, and even if the tenant can afford to pay the rent. A 700 credit score means the potential tenant can make and keep good payments. In addition, you should ask your tenant for copies of their tax returns for the past two years. If the tenant is self-employed, they should also provide three months of bank statements and income tax forms.

Facilitating The Lease Negotiation Process

Finding the right office space is a big investment. Your company should be able to stay competitive and attract consumers by selecting the most appropriate location for your business. In addition, you will need to make upgrades to your office to suit your company’s needs. This requires planning and hard work. A real estate broker can help you find the perfect space and negotiate your company’s best terms. Negotiating a commercial lease can be a lengthy process. It can take weeks or even months. However, you must make the process as smooth as possible. One of the first things you should do is hire a legal professional to review the agreement before you sign it.