Answer: A property management company is responsible for managing rental properties on behalf of the property owner. Their services may include finding and screening tenants, collecting rent, handling maintenance requests, enforcing lease agreements, and ensuring compliance with local regulations.

Answer: The cost of hiring a property management company can vary depending on several factors such as the size and location of the property, as well as the specific services required. Typically, fees range from 8% to 12% of the monthly rental income generated by the managed properties.

Answer: Yes, many property management companies allow owners to have input in tenant selection. However, they handle initial screenings based on predetermined criteria such as credit checks, employment verification, background checks etc., to ensure qualified applicants are presented for final approval by the own

Answer: Property managers typically have established relationships with reliable contractors and vendors who offer competitive pricing for necessary repairs or maintenance tasks. They coordinate all aspects involved in scheduling repairs or performing routine inspections while also providing an emergency response system for urgent situations.

Answer: Most contracts with professional firms stipulate an agreed-upon termination notice period which allows both parties sufficient time to transition responsibilities smoothly without disrupting ongoing operations or leaving vacancies unattended abruptly.