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Property Management

1. Property Preparation

Conduct a thorough property inspection

Address necessary repairs and maintenance

Clean and stage the property for showings

Ensure compliance with local regulations and codes

2. Marketing and Leasing

Create a marketing plan for the property

List the property on relevant platforms (MLS, rental websites, etc.)

Take high-quality photographs and create virtual tours

Screen potential tenants (background checks, credit checks, etc.)

Prepare and execute lease agreements

3. Tenant Onboarding

Conduct a move-in inspection with the tenant

Provide tenants with essential information (contact details, rules, etc.)

Collect first month’s rent and security deposit

Set up utilities in the tenant's name (if applicable)

4. Property Maintenance

Establish a routine maintenance schedule

Respond promptly to tenant maintenance requests

Conduct regular inspections of the property

Keep detailed records of maintenance and repairs

5. Tenant Relations

Maintain open communication with tenants

Address tenant complaints and concerns in a timely manner

Conduct periodic surveys to gather tenant feedback

Ensure compliance with fair housing laws

6. Financial Management

Keep accurate records of all income and expenses

Prepare and send monthly or quarterly financial statements to property owners

Monitor rent collection and follow up on late payments

Budget for property management expenses

7. Lease Renewal and Termination

Notify tenants of lease renewal options well in advance

Conduct lease renewal negotiations if needed

Prepare for tenant move-out inspections

Follow legal procedures for lease termination and eviction if necessary

8. Reporting and Compliance

Ensure compliance with local, state, and federal laws

Prepare and submit necessary reports to property owners

Maintain records of all tenant interactions and property-related documents

Stay informed about changes in property management regulations and best practices

9. Continuous Improvement

Review and update property management processes regularly

Attend training and industry workshops to enhance skills

Network with other property management professionals

Implement technology solutions to streamline operations

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