What is included in property management
Property management handles all predictable and unpredictable events occurring during the rental period, whether financial or operational.
On financial aspects :
- call and collect the rents and issue the rent receipts
- recover and transfer the amounts (and ensure dunning when necessary)
- pay co-property expenses
- pay contractors’ bills on owner’s behalf (repairs)
- ensure necessary adjustments (annual accruals)
- potential deductions to be made from the tenant’s security deposit following the move-out inspection (e.g., cleaning)
On operational aspects :
- prepare and perform the inventory of fixtures (entrance and exit)
- solve small issues and repairs common to first time rentals
- inform the tenant about his rights and obligations and rental process
- handle all unexpected events that could damage your property (water damage, sanitation failure…). We provide the tenant with all necessary information and fill out insurance claims for the owner
- request quotations for repairs from our network of reliable, efficient and reasonably priced contractors
- providing the owner’s agreement for a quotation
- supervise and control the repairs (including to put back the property on the rental market)