What Does a Property Management Company Do?

Investing in rental properties can be portrayed as a means to achieve passive income, but in reality, being a landlord can be far from being a passive individual. Think of late-night repairs, dealing with delinquent payments, and understanding landlord-tenant laws. A property management company can make a marked difference in this aspect. 

As your property management service, our role at First Class Property Solutions will be to become an interface between you and your tenant, ensuring your investment is generating revenue with minimal operating hassle on your part. When you are searching for trusted property management in Piedmont, OK, know that our team is committed to supporting your goals with experience and dedication.

Our role is to act as custodians of your valued asset. For new clients, it's essential to understand what to expect from a property management company like ours. Although our work differs in nature based on different types of properties, our overriding objective in each case remains unchanged. Our focus remains on ensuring maximum financial return of your valued asset, maintaining it to a very high standard. Here is an insight into our actual work performed for our clients.

Finding a Suitable Resident

Tenant screening is perhaps one of the most important things that we do. If you’ve ever wondered ‘what does a property management company do?’, this is a prime example. Having the wrong tenant in an apartment can cost months of income and attorney fees to resolve, which is exactly why this is such an important thing to us. A credit check is not a simple passing glance in our books. A thorough evaluation is performed on each tenant. Employment verification, criminal records, landlord checks, and debt/rent calculations are all part of this thorough assessment.

Ensuring Consistent Cash Flow

Collecting rent is a vital part of any rental property investment, but it can be among the most awkward aspects of working with a rental investment for an individual landlord. At First Class Property Solutions, all our rent bills and payments are conducted in a professional manner. Additionally, with online payment options and a lease agreement covering payment dates and late charges, we teach our clients the importance of rent payments. 

Handling Maintenance and Repairs

One of the things that a property owner dreads is the ringing phone in the middle of the night, but not us - we are always on call. We handle both routine and emergency repair work so that you can have a good night’s sleep. Our team works in coordination with a network of pre-screened vendors who deliver quality work in a competitive price point. Whether it is a leaky faucet or an old HVAC system, our team will handle the repair work right from start to finish. This is a key part of the role of property management company professionals, ensuring your property is always in top condition.

Marketing & Legal Compliance

Aside from taking care of your investment in a physical sense, we can also assist you in a business capacity. When a space in your portfolio is left vacant, our goal is to immediately fill it with an aggressive marketing plan. This starts with taking professional pictures and writing attention-grabbing descriptions on high-traffic rental websites. But on the other hand, it is important to keep everything in our operations in full accordance with all local, state, and federal laws.

Financial Reporting & Transparency

Additionally, we are your bookkeepers. We keep a record of every dollar entering and leaving your investment. Every month, you have access to a financial statement detailing income, expense, and maintenance spends. While this level of organization gives you a complete picture of your investment’s performance, it simultaneously makes tax returns very simple for you to complete. Our role is to take care of all these details so you can simply enjoy your investment.



Why not contact us today to learn more about how we can help you?