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Property management

Property Acquisition and Onboarding

Conduct market research to identify potential properties for acquisition

Evaluate properties based on investment potential, location, and market demand

Perform due diligence, including property inspections, title searches, and financial analysis

Negotiate purchase agreements and secure financing if necessary

Coordinate property transfer and complete necessary legal documentation

Conduct tenant interviews and screening processes

Establish rental agreements and leases

Perform property onboarding, including property inspections, inventory checks, and ensuring compliance with local regulations

Maintenance and Repairs

Develop a maintenance plan and schedule for each property

Regularly inspect properties to identify maintenance and repair needs

Coordinate and manage maintenance and repair issues promptly

Hire and oversee contractors and service providers for repairs and renovations

Ensure compliance with health and safety regulations

Maintain records of all maintenance and repair activities

Communicate with tenants regarding maintenance requests and updates

Rent Collection and Financial Management

Establish rent payment procedures and policies

Communicate rent payment instructions to tenants

Collect and record rental payments on a timely basis

Issue rent receipts and maintain accurate financial records

Monitor and address rent arrears and late payment issues

Manage property expenses and budgeting

Prepare and distribute financial reports to property owners

Coordinate and oversee property tax payments and insurance coverage

Tenant Relations and Communication

Establish clear communication channels with tenants

Handle tenant inquiries, complaints, and requests promptly and professionally

Conduct regular tenant meetings and address any concerns or issues

Enforce lease terms and policies consistently

Coordinate tenant move-ins and move-outs, including inspections and security deposit handling

Maintain tenant records and lease agreements

Communicate updates and changes in property management policies or regulations to tenants

Marketing and Tenant Acquisition

Develop a marketing strategy to attract prospective tenants

Advertise available properties through various channels (websites, social media, local listings)

Conduct property showings and open houses

Screen potential tenants, including background and credit checks

Select suitable tenants based on screening criteria

Prepare and execute lease agreements with new tenants

Coordinate tenant move-ins, including key handovers and utility transfers

Maintain a database of prospective tenants for future vacancies

Legal Compliance and Risk Management

Stay updated on local, state, and federal landlord-tenant laws and regulations

Ensure properties meet all safety and accessibility standards

Maintain proper insurance coverage for properties

Handle eviction processes in compliance with legal requirements

Address legal disputes and conflicts with tenants or other parties

Keep records of all legal documents, contracts, and correspondence

Implement risk management strategies to protect property and minimize liabilities

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