If you own a property and are in need of help with building maintenance and operations, hiring a property management company can relieve a lot of stress. They’re experts in protecting your investment and ensuring day-to-day operations run smoothly. But, what exactly do these companies do and how can they benefit property owners with their investment? As one of the top commercial property management companies in Arizona, we have worked closely with our clients to ensure their needs are met. Continue reading below to learn about some of the things we do for the property owners we serve.
What Property Management Companies Assist With:
Know Landlord-Tenant Laws & Regulations
Staying current on landlord-tenant laws and ordinances can be a challenging task for property owners, especially if they own properties in multiple locations. A property management company will have a solid understanding of current laws, regulations, and ordinances. By enlisting in their services, you can avoid any issues that may arise. Furthermore, they can mitigate any liability that could be incurred by the property owner.
Vet Tenants
The best way to avoid high turnover is to find great tenants to occupy your property. To achieve this, property managers use strategic screening methods to find responsible renters. This may involve activities such as running credit checks, checking criminal records, verifying income and employment, and contacting previous landlords. This helps avoid any risk involved with facilitating a business.
Handle Maintenance Requests & Costs
Staying on top of regular maintenance is essential for any property, as It helps reduce costs and keeps tenants happy. Property management companies help by conducting periodic property inspections to fix anything that needs repairs and that tenants are complying with their lease. Furthermore, if a tenant requests repairs, the property manager will be responsible for handling the request and ensure it will be fixed.
Collect Rent & Handle Delinquencies
One of the most important responsibilities property managers have is to collect tenant rent and make sure their checks clear. Also, property management companies can assist landlords by helping them set up an online payment system where tenants can pay from their computer or phone. This can ensure the property owner receives payment faster and directly into their bank account.
What Plaza Companies Can Do For You
This is only a fraction of what a property management company can do for property owners. By partnering with Plaza Companies, we will work to ensure your property is run as efficiently as possible. We have worked across diverse sectors, ranging from small projects to large multi-use retail buildings. Our 40 years of experience has allowed us to provide creative and innovative solutions to each of the clients we work with. If you’re a property owner in need of assistance, feel free to contact us to learn what we can do for you.