Owners of single-family rental properties face their own unique set of challenges. Some of these difficulties are related to the need to market available properties and attract tenants who meet all qualifications for occupancy. Other tenant-side tasks that require ongoing attention include:
Background checks
Lease signings
Monthly rent collection
Assessment of lease violations
Lease enforcement, and
Maintenance of an ongoing line of communication for service requests
Residential property owners also have ultimate responsibility for administrative and financial tasks such as:
Hiring vendors for property maintenance and repairs
Maintaining accurate books
Monitoring and reviewing ongoing expenses
Conducting regular lease reviews
Negotiating lease renewals
Conducting regular property inspections, and
Making all required property tax, mortgage and insurance payments
Failure to properly handle or delegate these onsite and offsite tasks drastically decreases the odds that you will reap the financial benefits of ownership while minimizing the risks as much as possible. Aqualina also specializes in comprehensive management services for property owners. Our expert staff can cover every single responsibility on your tenant-related to-do list. In addition, we can handle all of the vital administrative and financial tasks that underpin property ownership success.