Property Management FAQ's
HH Properties Answers Your Frequently Asked Questions
Who Needs a Property Manager? Multiple people come to mind depending on the situation.
- If you have accumulated a number of properties and are feeling stressed about either the quality of the tenant you are acquiring or the ability to address maintenance issues, it's time to consult a professional.
- If you are losing the objectivity you need to work with tenants on rent and maintenance matters, it's time to consult with a professional.
- If you're tired of getting calls on your "off days" or in the middle of a family or social function, it's time to delegate some responsibility to a professional who has systems set up to manage the problems.
Who Collects the Rent and Pays the Bills? There are a number of ways to approach these tasks.
- The Property Manager can both collect the rent and pay all the bills.
- These tasks can also be split depending on the cash flow of the property. The Property Manager can interface with the Tenants and Oversee the property and remit funds to the Owner, who then takes responsibility for paying the bills.
Who Chooses the Tenant & How Long does it Take?
- Selecting a tenant is team work between Property Manager and Owner. It's an important decision and must be done cautiously. The process can be quick or long depending on price, location and condition of the property, and market conditions.
What Criteria is Used to Select a Tenant & Who Makes the Final Decision?
- Each prospect completes a Tenant Application which is thoroughly reviewed and verified. If the prospect passes this review, we order a Credit Check plus an Eviction History.
- All information is thoroughly reviewed, questioned, and understood in an effort to evaluate the reliability of the prospective tenant.
- The Property Manager shares all information with the Owner, who ultimately makes the decision on which tenant to accept.
If you have additional questions regarding property management services, please contact Jackie Hoyt by completing the form below:
