If you own rental properties in Portland Oregon, or elsewhere in the United States, you know that property maintenance can become a burden especially if you’re managing your rental properties yourself.
It doesn’t matter if you go out to your properties only once a week, bi-weekly or monthly, the time that you’re spending managing your rental properties yourself could be used elsewhere on other tasks like growing your portfolio of rental properties.
What’s the solution to the problem? Hire a property manager to professionally manage your portfolio of rental properties for you.
In this article we will share with you the benefits you will receive when you hire a property management company to manage your portfolio of rental properties.
How A Property Management Company Handles Maintenance
Handling maintenance requests and work orders is one of the fundamental functions of a professional property management company. A good company will have the proper software and systems in place to support efficient repairs and maintenance work orders.
Make sure you have a list of qualified, reputable and licensed vendors and contractors. When a repair is needed at your property, you want to know exactly who to call, so take the time to establish relationships with the best licensed contractors you can find.
At Property Management Systems, we find it’s easiest for tenants and for us to have repair requests submitted online. This has been a very effective way to make sure the work gets done quickly and to keep a record of what kind of issues are happening at the property. In addition to having the tenants submit requests online, we also maintain a 24 hour emergency hotline, which is helpful when something needs attention right away.
When a tenant requests maintenance or repair work in writing, property managers are not required to give any additional notice that they will enter the property to take care of the problem. We don’t have to get that tenant’s permission to go to the property, and the tenant does not need to be at home in order for us to get our contractors into the house. All of us, especially the tenants, want to ensure the work is done as quickly as possible.
It’s important to communicate with the property owner. We inform the owner any time there are repairs or maintenance work done at the property. We also provide owners with copies of invoices for the work. That’s helpful for accounting records and tax purposes. All invoices are directed to our accounting department, and we pay them on behalf of the owner. Then, we simply deduct the cost from the next month’s rental deposit. We usually pay those invoices within 30 days, and our owners appreciate not having to pay them directly. All costs and charges will show up on the owner’s monthly accounting statement.
If you have any additional questions about how a property management company should handle maintenance for your rental property, please contact us at Property Management Systems, and we’d be happy to provide more information.
Contact Property Management Systems
Get started with hiring a property manager by contacting property management systems today at (503) 515-3170 or click here to connect with us online.