There are many property management companies on the island of Oahu, and many offer similar property management services. Following is a summary of common property management services and not-so-common services offered by Oahu Property Management companies.
Rent Ready Services: Assisting in getting your property rent ready is often one of the first services provided by a property management company.
Advertising & Marketing: One of the most critical services is the advertising and marketing. Many property managers and property management companies will list your property on a few popular real estate and rental property websites.
Good property management companies will have an extensive network of websites and sources for marketing and advertising your rental property.
Applicant Screening, Tenant Selection and Leasing: This step could make the difference between your rental property being profitable or not. If your property management company selects the wrong tenant, you could be faced with collections, repairs, and maintenance issues that can wipe out any profit you have made during the year.
Good property management companies go beyond the standard reference check and credit check. Additional screening may include criminal checks and previous eviction and foreclosure checks.
Move-In & Move-Out Services: Completing the move-in and move-out condition reports is a standard service provided by most property management companies. It is important to differentiate between standard wear and tear and tenant caused damage when conducting the move-out condition report.
Maintenance: Most companies can assist in getting needed plumbing, electrical, yard maintenance, and other common repairs and maintenance done on your rental property.
Good property management companies will have a network of preferred vendors who provide excellent service at preferred rates and are fully licensed and insured.
Rent Collection: Many companies collect monthly rent checks and pay operating expenses for the properties they manage.
Good property management companies will have their tenants pay rent online and transfer funds electronically to their owners.
Accounting and Reporting: Most companies will provide monthly reports of revenues and expenses to their property owners. Some companies are able to provide these reports electronically and have them updated regularly so their owners can access them anytime.
Lease-Only Services: Some companies are able to provide lease-only services to owners who want to manage their own properties, but need assistance in advertising, marketing, screening, tenant selection and leasing.
Rental Property Inspections: Unfortunately, most rental properties are only inspected at move-in and move-out. Some rental properties go years without an inspection. This can often lead to problems in deferred maintenance, illegal or un-authorized uses of your property, the addition of un-approved tenants, and other common rental property problems. Good property management companies will inspect your property regularly.
When selecting an Oahu property management company to assist you in managing your rental property, make sure that they provide all the services that you need and that they are provided at the level of your expectation. Check out our website to learn more about our services at www.realpmalliance.com.