| The term property management describes a | | | | major problems through to minor jobs such as |
| liaison between the landlord and the tenant. There | | | | interior painting, plastering, carpentry skills and |
| are many duties that are included in the property | | | | gardening projects. |
| management role such as accepting rent, | | | | Some of the more major problems that will need |
| responding to and addressing maintenance issues, | | | | to be taken care of in the sense of maintaining a |
| advertising vacancies for landlords, and doing | | | | property are building repairs. The term building |
| credit and background checks on tenants. | | | | repairs is a broad term that covers a range of |
| Landlords employ a property management | | | | services including interior and exterior repairs such |
| company to provide services like the ones named | | | | as; windows, brickwork, damp course treatments, |
| above and pay them a percentage of the rent | | | | timber wet or dry rot in which any rotten timbers |
| that is collected each month, this percentage is | | | | would be replaced and the cause of the problem |
| usually around the 3-10% mark. | | | | (e.g. poor ventilation, leaking roof) corrected, |
| A property management company will mainly be | | | | electrical replacement, floorboards being replaced |
| dealing with the property maintenance of a | | | | or property renovation. |
| landlord's property. Regular property maintenance | | | | Another highly importance aspect of maintenance |
| will make the property safer and will actually save | | | | as part of property management is ensuring that |
| you money in the long run as it will extent the life | | | | the electrical installation of a property is safe and |
| of your property. All property will require | | | | doing the job that it should be. Electrical installation |
| maintenance and in the case of rented property | | | | covers a range of tasks ranging from simple |
| this duty will fall on the shoulder of the property | | | | work such as changing a light switch through to |
| management team. | | | | more complex work such as a complete house |
| Depending on the age of a property you may find | | | | re-wiring. |
| more problems need to be dealt with in one | | | | Property management not only refers to the |
| property than in another. This is why it is highly | | | | looking after of the interior of a property, it also |
| important that before tenants move into a | | | | concentrates on the taking care of the exterior |
| property it is checked so that any problems that | | | | of the property as well. One of the biggest |
| are found can be sorted out in a hope to reduce | | | | examples of this is maintaining the roof of a |
| the amount of problems that will occur once the | | | | property. Out of all the exterior problems that |
| property has been rented out. | | | | occur with a property it has been seen that |
| There are many different forms of property | | | | roofing is one of the aspects that tenants request |
| maintenance that will need to be taken care of | | | | to be sorted out the most; mainly the fixing of |
| when it comes to property that is being rented | | | | leaks. This maintenance work should be carried |
| out. This maintenance can range from being | | | | out by the property management team. |