June 13, 2019

What is Residential Property Management?

Passive income through a residential property is a great way to invest your money.

As a profit generating investment, rental properties can free you up to do more of the things you love, like travel or spend time with family. However, failing to properly manage your residential property can quickly turn your source of income into a money pit. That’s why hiring property management in Naples is a good idea: they take care of the responsibilities associated with being a property owner for you.

Before you make your hiring decision, it’s important to understand what you should look for.

FREQUENTLY ASKEDQUESTIONS

At Southwest Property Management, your business is our business.

What is residential property management?

A property management company runs income-producing properties on the owner’s behalf. Management company responsibilities differ depending on the type of property. For residential properties, a property management company primarily concentrates on meeting the needs of residents. Because residential properties have shorter leases compared to commercial properties, the higher turnover of clients also means residential property management companies in Naples also focus a great deal on marketing to keep apartments, condos, townhouses, or single homes occupied to optimize your profit.

What do property management companies do?

As previously stated, a residential property management company in Naples is responsible for marketing your property on your behalf. This includes creating listings on major home search websites, taking promotional images, and potentially managing your online presence. A property management company may also enlist the help of a realtor to fill existing vacancies to continue your cash flow.

Property management companies also vet applications and potential tenants to ensure they are responsible and qualified. Other administrative duties include handling financial responsibilities like payroll, property insurance and mortgage.

Residential property management also address tenant requests and concerns directly, including maintenance needs and disputes. From simple fixes like blown fuses to plumbing emergencies, these companies can respond to your tenant needs promptly to ensure their satisfaction.

What are Other Benefits of a Property Management Company?

Hiring a property management company protects your rights as well as your tenants. Having extensive detailed records for rent payments, maintenance, and leasing agreements, you are protected against fraudulent legal claims. Because residential management companies represent you and your best interest, we ensure your property is well-kept and free of potential hazards to prevent liability for injuries.

Because a property management company in Naples works on your behalf, you can rest easy knowing everything is taken care of.

Where Southwest Property Management is Different?

Southwest Property Management is a premiere property management company in Naples serving all of South Florida. Our team of experienced administrative and financial experts will fully optimize your profit. We are dedicated to keeping your property occupied and your passive income steady. Our maintenance team is detail-oriented and dedicated to keeping your property in top shape for new and existing tenants. We attend to client needs promptly to protect your property, reputation, and tenant retention.

At Southwest Property Management, your business is our business. For more information about our services including how we can help you, contact us now.