As a property manager, less turnover with tenants means happier owners and better relationships. But getting to that point takes some work. You need to educate yourself about property management and be prepared to become a jack of all trades!
Know the Rental Laws
You will need to have knowledge on current real estate laws that involve property management. It will be your job to have answers to specific questions regarding tenant and landlord rights. You will also need to know the proper procedures for evictions and other legal disagreements.
Search for Good Tenants
The right tenant can make all the difference in retaining low turnover. Ask for references, check credit, criminal and eviction history, and verify income. Always ask for an application fee when a tenant is applying for a property.
Create a Handbook or Procedures
You’ll need to be consistent and clear on your office policies and procedures with both tenants and landlords. Make sure they know how to access maintenance requests, payment portals, and statements. You’ll also need to set up an emergency phone and procedure.
This is a relationship business. It’s important to have open and honest communication between your tenants and your owners.
If you are looking for a property manager around the Austin metro area, contact us today. We’d love to work with you!