Property Management Basics-A Breakdown of What We Do For Your Lakewood Rental

Greg Bacheller

Aug 15 2024

Did you know that many of our clients are first-time or accidental landlords? This essentially means that circumstances more than intention drove the decision to rent out their property. So whether the choice to rent out your property for the first time stems from an inability to sell, a job relocation, or any other extenuating circumstances, it helps to know what the basic process is when it comes to property management.

Rental Management 101-The Property Management Basics

Navigating the Vacancy Period

The first step in managing a rental property boils down to having someone to rent your home. After all, you can’t manage or collect rent on an empty property. So when it comes time to find new tenants, the initial step that every reliable property manager makes is a market assessment.

Managing Your Lakewood Rental

Once the tenants move into the property, the real management part begins. Our team is there every step of the way; we handle it all so you don’t have to. Our team of experts each specializes in their own particular area of property management, including leasing, maintenance, and accounting.

Managing the Move-Out Process

Moving is stressful for everyone, so our team does what it can to help alleviate the pain on both sides of the agreement. Once the tenants have moved out, our team completes a thorough inspection to document the condition of the property. We compare it to the condition at move-in and process the security deposit accordingly, keeping you up to date on any maintenance or repairs that are needed to get the property back into a rent-ready condition.

Understanding the property management basics of how our team operates helps to ease some of the pressure of being a first-time landlord. o whether it’s your first time renting out your property or your 100th, our team is here to help to navigate the rental roadmap from start to finish.