Do you know all of the landlord/tenant laws for your city, state, and federal government? Do you know rent values, vacancy factors, and time on the market in your area? Do you have a rental application and effective, consistent screening policies that meet all of your legal obligations? Do you know how and where to best market your rental property to ensure that you will get qualified prospective tenants and so it will get the best exposure to rent quickly? Do you have the time to meet with all the prospective tenants that will want to see your rental property? Do you take the time to perform thorough move-in/move-out written inspections and routine property inspections? Do you personally know reputable painters, electricians, roofers, landscape maintenance, carpenters, heating/AC and appliances repairmen who are licensed, affordable, and reliable? Do you effectively confront and negotiate with the tenant and enforce the terms of your rental agreement? Do you have the ability to recover NSF checks, evict tenants, and collect bad debts?
A Professional Property Manager Does
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