If you are just starting your career as a Phoenix property manager, it can get overwhelming quick. It takes times to gain the experience needed to feel comfortable dealing with most situations related to Phoenix Property Management. Here are a few tips from HomeQwik that will help you get the most out of your ventures in property management:
Make sure to cover everything in your lease agreement
The lease agreement is one of the most crucial pieces of paperwork a property manager is going to deal with on a regular basis. It includes all of the rights and responsibilities for both the tenant and the property manager. Tenants often don’t fully go over their lease or they will forget what is written. So when a situation arises where a tenant is trying to argue with you about something you know is covered in the lease, you know you’ll be covered. This document can and will protect you greatly as the property manager.
Define maintenance requirements
Maintenance requests can be a pain in the neck for a Phoenix property manager. They will happen at all hours of day, including the middle of the night on occasion. While these requests are often unavoidable, you can take steps to reduce the chances of one coming in by performing inspection walk-throughs. You can identify any problem areas that may lead to bigger and more expensive problems down the road. Heading off the issue before it gets worse will save you a lot of money in the long run.
This is a huge part of the business for any property manager. Don’t undervalue something as simple as a phone call or an e-mail. Remember you can never communicate too much with your owners or tenants. It is much better for them to be a little miffed that you call them too often than barely at all. They will really appreciate that you are constantly keeping them in the loop.
Being a Phoenix Property Manager is no easy task in the beginning. It does get easier with time, and with these three tips you’ll be on your way to be a confident experienced manager in no time.