Atlanta Property Management Company Shares- What is Involved with Property Management?

So you’ve decided to start a real estate investing career by purchasing properties and renting them to tenants. You are now a Property Manager. If you’re new to investing, you might have assumed that you will take on all of the property management tasks involved with rentals yourself. However, it is important to understand how much time and effort it can take to manage rental properties, so you can make an informed decision about how you will handle your property management tasks.

First, you will be responsible for marketing your properties to locate tenants for your properties. While this might seem like an easy task, the challenge is to find tenants who are qualified to rent from you – that is, who have sufficient credit and incomes as well as have a positive rental history. By adequately screening tenants up front, you will help minimize the time you spend collecting rent and making repairs to units damaged by irresponsible renters.

In addition to finding tenants, you will be responsible for managing your renters. You will need to collect deposits and rental payments, respond to service requests, and deal with tenants who cause disruption in your properties. These disruptions can come in many forms, from domestic arguments, to all night parties, to HOA violations, not caring for the lawn, etc.

You will also need to manage repairs and upgrades to your rental properties. Your property management duties may include interior repairs, building upgrades, and maintenance of lawns and landscaping, among many others.

It is easy for real estate investors to spend the majority of their time on property management tasks, rather than on activities that are direct money makers. You might find that hiring a property management company to handle these tasks will allow you to be more productive, and to make more money with your real estate investing ventures. When you are looking for investment properties, it is a good idea to consult with an experienced REALTOR who owns and manages their own rental properties. Then that can help you navigate the process of either assisting you or can provide assistance in locating and hiring a reputable property management company.

6 Responses to “Atlanta Property Management Company Shares- What is Involved with Property Management?”

1. Ben Waugh Says:
   May 6th, 2010 at 9:28 am

   Nice site. There

2. Ben Waugh Says:
   May 6th, 2010 at 9:31 am

   Hi there,

   I looked over your blog and it looks really good. Do you ever do link exchanges on your blog roll? If you do, I’d like to exchange links with you.

   Let me know if you’re interested.

   Thanks..

3. cna training Says:
   May 6th, 2010 at 11:19 pm

   Wow this is a great resource.. I’m enjoying it.. good article

4. Barry Brickel Says:
   May 9th, 2010 at 3:22 pm

   Excellent article on describing the potential pitfalls for the “doing it yourself investor”. Needless to say investing in small homes and units are a low risk way of building a portfolio homes for future income and equity growth.

5. Robert Says:
   May 11th, 2010 at 1:32 pm

   Absolutely. You simply have to hire someone to maintain and/or market your company, so that you can focus on other initiatives. You can’t market AND maintain your property; it’s just too much work!

6. Elise Lowerison Says:
   June 16th, 2010 at 12:25 pm

   I came across your post this morning while browsing property management blogs and the standpoint of how to efficiently manage a hefty project successfully stood out to me. Window coverings are an important aspect of any building management, from homes to commercial structures. Thank you for writing.

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