Property management is a highly competitive, ever-changing sector in today’s real estate industry. Property Managers are responsible for the management and upkeep of property assets. These assets are for the tenants and include the buildings, grounds, landscaping, inventory, equipment, furniture, and appliances. In short, property managers are involved in almost every aspect of the day-to-day operations of a property. Property managers make critical business decisions.
How do property managers keep the buildings, grounds, and grounds in tip-top shape? The most popular type of property manager is the property maintenance supervisor. This individual maintains a large staff of professionals dedicated to supporting the property. Most property managers hire a group of maids or janitors to help keep the premises daily. However, some residential property management company’s employ actual professional landscapers as part of the property manager’s staff. A good manager will not only be capable of completing major yard work, maintenance work, landscaping, painting, etc.
In addition to the major renovations that we see daily, property managers often have to conduct many small maintenance projects throughout the year. Examples of these routine tasks include inspections, repairs, replacements, repairs, etc. Some property managers will receive regular updates from the building maintenance department regarding the status of all major repairs and replacements. If a repair needs to be made, the manager will request an update, and the maintenance department will give the property manager’s authorization to perform the necessary repairs. If a new building is to be constructed, the manager will first consult with the owner about the structural safety of the structure, then submit a bid to the owner to bid on the construction contract.
If the tenant does not allow the repairs to be completed, the manager must decide whether to allow the tenant to live in the property. The manager must have the ability to make the final decision without considering the financial ramifications that may affect the property management company. For example, suppose the emergency repairs require significant amounts of money. In that case, the manager must make the tough choice and allow the tenant to continue living in an apartment for which they have paid their monthly rent.
Tenants have a right to a living environment that is clean and safe. One of the main tasks of property managers is maintaining this living condition by regularly carrying out the necessary routine inspections. They should also carry out maintenance work regularly. However, it has been documented in many cases that some property managers will try to avoid having to carry out the necessary repairs, which is when there may be severe problems arising. For example, one landlord said, “I don’t know why the management companies don’t seem to be on top of their game more often. I’ve had a lot of buildings over the years that have needed repairs and never got around doing them”.
As part of maintaining a safe and healthy living environment, property managers should be collecting a weekly inventory of all of the tenants in the building. They should contain information such as how many times a week they come to maintenance, how many times they go to care for fixing damaged tenants, how many times they go to maintenance to ensure that all of the tenants are maintaining their property in good condition, and how many times they send maintenance people out to make sure that all of the units in the building are in good condition. Suppose the property managers can show that they are consistently sending maintenance people out to ensure that all companies in the building are in good condition. In that case, they may want to consider adding more maintenance people to the team.
The third issue commonly brought up about property management law and tenant retention is harassment by management. It is well-known that a landlord-tenant relationship can become strained when management decides to inspect units without warning. This can cause a lot of damage to the relationship between landlord and tenant. For example, one tenant may feel that they are being pushed around and uncomfortable by the amount of time a maintenance person is spending inspecting units. Another tenant may think that the landlord is too involved in their life and interfering with their needs. Both of these concerns are valid concerns, which means that property managers need to be aware of them and can determine whether or not they are appropriate to address.
Another issue that often comes up regarding tenant retention and property management is broken lease. Some tenants may feel that they have a contract that is written perfectly and that it protects them from a broken lease. While this may be true, there are still problems that arise because property managers do not read every word of the lease to verify what it says. This problem can cause both immediate and long-term issues, as the tenant may move out and start looking for a new apartment, or the landlord may have to invest money into correcting the lease. Landlords should always make sure that they are reviewing the lease with prospective tenants and trying to make it better not to lose any potential revenue.