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How do property rental companies help landlords? - Rent-Rite Blog

How do property rental companies help landlords?

Property Rental companies take care of a wide range of details that many landlords would rather not have to deal with on their own. For example, the property agent takes care of advertising vacancies, screening potential tenants, writing up leases, collecting the rent, dealing with tenants' complaints and handling repairs. When the property agent is responsible for the day-to-day running of the landlord's property, only involving the landlord if there is a major repair or a legal issue, the landlord is free to concentrate on other, possibly more lucrative, areas (such as buying more buildings and expanding his business). Usually, property agents are paid a ten percent of the monthly rent for their services.

In addition to having management experience, property rental agents have to possess good communication skills, they must treat the tenants with respect and they have to take care of problems in a timely manner. The landlord should take the time to run a complete background check on the property agency, to make sure that the property has a good reputation and is ethical, as the landlord could be held responsible for any crime (blackmail, robbery, physical assault, etc.) committed by the property manager against a tenant in one of the landlord's buildings.