Responsible for setting the rate of rent, collecting rent from tenants and adjusting the rent.
Set the rent--Use effective research and knowledge of market to set the right rent to attract potential tenants to your property.
Collect rent--to ensure the tenants make payments in a timely manner and enforce late fees by setting a deadline.
Adjust rent--do marketing analyze; increase or decrease the rent by a fixed percentage each year to make sure the rent is in market rate.
Responsible for tenants
Marketing--Use effective marketing tools to attract tenants.
Screening tenants--handling leasing applications including by checking the tenants' credit score, criminal background, rental histories, verification from job, pay check stub, etc.
Handling Move-Out--when tenants move out, we do the inspection for the property like checking for damages, taking pictures for the property, deciding what portion of security deposit will be returned to the tenants in a month. After moving out, we are responsible for repairing the damages, cleaning the property and finding new tenants.
Dealing with evictions--help the owner file eviction and go to hearing when the tenants do not pay rent and late fee on time or breach the term of a lease.
Responsible for maintenance and repair
Maintenance--go checks for properties yearly to make sure all of the properties we manage are in good condition. To make sure current tenants are happy and protect the owner's asset.
Repair--when tenants file an issue, we will ask vendors, come to fix the problem very fast. We also provide emergency repair when emergency situation happens.
Responsible for managing the budget and maintaining records
Monitor the annual expense such as utilities, management fees, maintenance fees, insurance, and supplies, etc.
Keep all the records includes all income and expenses, signed leases, maintenance requests, complaints, quotes, records and costs for repairs, payment and fee histories, and insurance cost, etc.