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Simply The Best Full Service Residential and Commercial Property Management Company in Oregon!

 

Why should I have a professional property manager take care of my rental property when I could do it myself?

Managing rental properties is a lot more involved than most people realize. Besides the amount of time it takes, there are numerous skills needed to do a good job. From Accounting to Legal, Marketing to Screening, Maintenance to Rule Enforcement, the tasks are nearly endless! Check out the "64 Tasks Landlords Are Responsible For" below and honestly ask yourself if you are able to be proficient in all of those tasks. Then ask yourself if you really want to be distracted from work and life by having to complete all those tasks.

We feel that one of the most important reasons to hire a property manager is to limit liability. You wouldn’t want to drive a car or own a rental property without having property liability insurance in place to protect yourself. A property manager provides a similar protection because any lawsuits will be against the manager rather than the owner. A study was done recently that found that within a 20-year period, 95% percent of landlords will face at least one lawsuit! All contracts and interactions with the tenants are in our name, so the tenant would be forced to file a suit against us rather than you. Talk about protection!

64 Tasks Landlords Are Responsible For

  1. Preparing a property to rent
  2. Collecting forms needed for the businesses
  3. Placing ads in the newspaper and/or online
  4. Placing signs in the yard
  5. Determining fair market rent
  6. Determining the security deposit amount
  7. Setting minimum qualification standards
  8. Taking phone calls from prospective tenants
  9. Pre-screening tenants
  10. Scheduling appointments to show properties
  11. Meeting with prospective tenants
  12. Answering questions about the property
  13. Selling the property’s features (yes, landlording is about sales!)
  14. Distributing and accepting applications
  15. Screening tenants
  16. Calling former landlords
  17. Verifying prospective tenants’ income
  18. Running background and credit checks
  19. Approving great tenants
  20. Denying tenants who aren’t great tenant material
  21. Ensuring compliance with Fair Housing Laws
  22. Accepting the deposit to hold
  23. Scheduling a lease signing
  24. Signing the lease and addendums
  25. Inspecting the condition of the rental before a tenant moves into the property
  26. Setting up the payment method for the tenant
  27. Accepting rent and depositing rent into the bank
  28. Making sure utilities were properly transferred
  29. Getting copies of the lease to all parties
  30. Creating a tenant file to house their information
  31. Accepting phone calls from tenants
  32. Dealing with maintenance requests
  33. Settling disputes between tenants
  34. Raising the rent when appropriate
  35. Ensuring tenants comply with their lease
  36. Ensuring tenants keep the property in good condition
  37. Scheduling regular inspections of the property
  38. Finding and maintaining a list of reputable, licensed contractors
  39. Managing contractors to make sure the work gets done
  40. Checking the progress on any repairs and ensuring tasks are completed
  41. Paying contractors and dealing with the legal paperwork
  42. Dealing with late rent and getting the required legal forms served
  43. Evicting bad tenants
  44. Dealing with tenants who may be on drugs
  45. Making sure the property is always operating up to code
  46. Firing tenants, if needed
  47. Accepting notices to vacate and overseeing the transition
  48. Bookkeeping to keep track of income and expenses
  49. Keeping a record of tenant communication
  50. Monitoring and paying the bills that the tenant doesn’t pay
  51. Monitoring the lawn care and landscaping
  52. Balancing the checkbook and accounts each month
  53. Producing monthly reports on the financials of the property
  54. Responding to legal threats against the landlord
  55. Performing a move-out inspection of the property after a tenant vacates
  56. Handling the repairs or repainting after a tenant moves out
  57. Getting the tenant’s security deposit returned or applied toward repairs
  58. Scheduling a carpet cleaner and someone to change the locks
  59. Maintaining property management licensing, if needed
  60. Staying up to date on rental-related local, state, and federal laws
  61. Keeping the tenants happy as much as possible
  62. If managing for other landlords, keeping owners happy as much as possible
  63. Keeping the property running at peak performance

Whew! That is some list! Perhaps this may give you a better picture of just how much work it takes to properly manage a rental property. We work hard behind the scenes, so you can sit back, relax, and wait for the check every month. Give us a call. We would be happy to discuss your specific needs.

Why Hire a Manager Infographic

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Contact Us

Willamette Valley:
Salem Office
189 Liberty St NE, Suite 211A
Salem, OR 97301

Central Oregon:
587 NE Greenwood, Suite A
Bend, OR 97701

Office Hours:
By Appointment Only

Management Inquiry:
management.appm@gmail.com
971-599-1440 Office
541-719-8200 Sales Only

Accounting Questions:
ap.ar.classact@gmail.com