Why use a Property Management Company?
Rental property is a big investment, and you want your investment to be profitable. That’s why during certain situations it may be in your best interest to hire a Property Management Company (PMC) to manage your rental property. A PMC might be helpful in the following scenarios: if you live a significant distance from your rental, if you have several properties, or if you’d simply like to enjoy the rewards of owning investment property without the headaches of managing it.
Property Management Companies can act as a liaison between you and your tenant. They generally stay current with rental laws and requirements, minimizing the chances you’ll be liable for an unexpected situation.
Specifically, property managers handle duties including:
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Advertising
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Leasing
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Tenant screening and background checks
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Rent collection
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Legal proceedings and eviction coordination
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Maintenance
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Round-the-clock emergency service
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Preventive maintenance programs
Does your insurance carrier support your decision to use a Property Management Company? As part of their commitment to professional landlords, Foremost®offers a discount for landlords who use a Property Management Company.
Not sure what your policy provides? Call or click Cloverleaf Insurance 1-800-530-5822 to discuss your coverage and find out more about the Foremost Insurance Landlord program.
Product availability is based on authority and all products may not be available in all areas.
This does not constitute legal advice. For a complete list of the specific landlord and tenant laws in your state visit www.landlordassociation.org/statelaws.html, or for legal advice, speak with a real estate attorney.