When you are in the city, and you see all these apartment buildings that are owned by the same person, you wonder how the owner control what goes on or how he finds time to rent them out. They would have to know when people move out and to have it advertised already so they could have someone else move in.
First, it has to be cleaned and check out for any damage that could have happened with the old tenant. They will also need to know who has paid rent and who has not. When you are dealing with an apartment or more than one, it is a good idea to hire a property manager or letting agent.
In this post, we will talk about the services of letting agents.
They will make sure that the apartment is alway occupied with tenants. They will have ads all over the place, and they will run ads in all the local papers as well. Most property management companies have their own websites. You will be able to go on their site and see the listing of the apartments; it will have pictures of the whole unit. It will have to list of what comes with the unit like free water, appliances, furniture, etc. It will also have the breakdown of the first and last deposit to move in. When you go to their site, there will be an application form that you will have to fill out to be approved.
They will screen all the potential tenants before they make an appointment to interview them. What they will look for is if they have a criminal record and see what the charge was. They will ask them to put names and numbers of their last place of residence so they can contact them and find out what kind of a tenant they there. They will find out if they did any type of damages while renting from them.
Nowadays, they even check your credit score; this lets them know if you pay your bills on time and it will tell them the type of money you bring in.
Pay for their services
Most of them charge by the month, and others charge yearly; it all depends on what that company wants. What they do is use one of their staff to handle that account. He or she will be in charge making sure the units are cleaned and worked on properly. At the end of each year, the person handling the account get a commission for the good work plus their monthly pay.