If you own rental property, you should consider working with professional real estate managers instead of trying to manage the property on your own. This is because there are many challenges that come with managing rental properties. The good news is that there are many competent service providers operating in Alexandria VA and they have competitive pricing for their services. Therefore, you need to search for the most trusted firm to offer rental property management Alexandria VA.

What Property Managers Do

– Rent Collection: Property managers normally collect rent from tenants and forward the net income to the landlord. Since some tenants may want to pay rent annually while others prefer the monthly rent payment schedule, these managers can ensure that the property owner gets a regular income from the occupied units.

– Tenant Eviction: Defaulting tenants must be evicted from the property if you are to get a regular income. Since aggrieved tenants may decide to file a lawsuit against the landlord, property managers often follow the laid down procedures and laws to evict defaulting tenants, thereby saving the landlord from lawsuits.

– Routine Maintenance: Real estate management firms normally carry out repairs and maintenance on client property. They hire third parties to fix electrical, HVAC and plumbing systems. They also ensure the property is painted regularly to ensure it retains its value, or appreciates.

– Finding Tenants: Perhaps the most important service offered by real estate managers is finding suitable tenants to fill vacancies. They advertise vacancies and vet potential tenants to identify those that are able to pay rent in a timely manner.

– Drafting Tenancy Agreements: After finding suitable tenants, property managers normally draft tenancy agreements and make sure tenants sign them before they move into the available units.

Finding the Right Property Manager

There are many real estate managers in the city of Alexandria. This means that identifying the best service provider for your needs may be a challenge. Be sure to create a shortlist and carry out a little bit of research to identify the best service provider. Below are some of the most crucial factors that you have to take into consideration:

i) Experience

The most experienced management firm should be given priority consideration. This is because they know how to properly manage rental properties as they have learned a lot over the years.

ii) Fees

Before you can hire any firm, you must check the fees or commissions they charge for the services they offer. Therefore, you should request quotes from several firms and compare them to find the most affordable manager.