What does a Property Management Company Do?

Property Management companies have the responsibility of dealing with prospective and current tenants. If you have a rental property, you will need to market it, screen the new tenants, collect rent handle maintenance and repairs, respond to compliants and take care of evictions. A good property management company can do all of this and save you time, money and all of the frustration that comes along with managing tenant relations.

Hiring a property manager has many benefits, but it can also be expensive, and that is why so many people choose not to do it. However, in many cases, working with a property manager or property management company should be considered more of an investment than an expense!

If you don’t live near the property, management can be invaluable, if not necessary, for many issues that will arise. Also Property Managers often have the experience to find the "best" tenants, the resources to market your property in ways that you cannot, the ability to collect rent in an effective manner, and the local contacts with maintenance and repair contractors that can actually end up saving you money!

And if that doesn't sell you...remember that one wants to receive late night calls about stopped up plumbing, or manage the crisis situation of an unexpected ice storm!

Fee structures vary, however, generally, Property Managers receive 5%-10% of the collected monthly rent for the management of the property. There is also a charge of equal to 1/2 of the monthly rental amount for procurring a new lease as a "bonus", which is sometimes paid at the end of the year depending on the type of property and the property management company.

In the end, a Property Manager should save you time and plenty of work--if not money too!

Charlotte Property Manager

Kuester Property Management

Benefits of Hiring a Property Management Organization

If a property owner chooses a property management company they can expect several key benefits. While it may initially seem costly, a well run property management company can actually provide peace-of-mind and increase profits for owners. Here are just a few of the benefits:

• Increased income. A property management company has experience in advertising and marketing and can reach potential tenants through their contact base. A property management company also has the advantage of understanding the local rental prices, and assuring you have the right price on your property.

• Time. If the property management company is handling the marketing, sales, administration and maintenance of a property, that means that the property owner has just one point of contact. That combined with the time that it would take an owner to deal with all the aspects of commercial property ownership if done alone, means that the owner gains free time to focus on other businesses, hobbies, and family.


• Lowered expenses. A property management organization is be able to perform preventative upkeep, which will reducing the immediate costs to the property owner, and they have a better understanding of local laws (helping shield the owner from costly legal cases), as well as having relationships with contractors and maintenance companies that may give a better rate and do a better job on property work!

Overall -- a property management company can essentially pay for itself - both in the tangibles and in-tangibles. If you would like to learn more about how Kuester can provide you with the best property management in the Carolinas, please check out our website at www.kuester.com.