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Professional Property Management: How It Works and How It Can Benefit You

Panhandle Property Manager Speaking with Rental Property OwnersDo you have a single-family rental property? If that is the scenario, you may be questioning if you should recruit a Panhandle property management company to help you administer it. But what does a professional property management company even do – and is it worth the cost? This blog post will review how professional property management fills these duties and what a property manager can do for rental property owners. By the end, you’ll have a clearer idea of whether property management is a great option for you.

What is Property Management?

Professional property management is overseeing and managing a rental property on behalf of the owner. Generally, this could include marketing the property, screening and approving tenants, collecting rent, handling maintenance and repair requests, and other responsibilities. In some scenarios, property managers are also in authority of evictions.

Property management companies typically charge a percentage of the monthly rent as their fee. For example, if your property rents for $1000 per month and the management company charges a 15% fee, you would pay them $150 per month. Some companies also charge additional fees for services such as lease renewals or marketing.

What Does a Property Manager Do?

The job of a property manager can be time-consuming. Property managers are responsible for many tasks. Some of the most typical obligations of a property manager include:

– Marketing the property: Property managers are responsible for acquiring tenants for your rental property. This incorporates listing the property on rental websites, showing the property to potential tenants, and screening applications.

– Screening and approving tenants: Once a group of possible tenants has been identified, it is the responsibility of a property manager to screen them and pick the best candidate. Typically, this means running a background check and verifying their income and employment history.

– Collecting rent: Property managers are tasked with collecting rent from tenants each month. They may also manage late payments, returned checks, and evictions (in some cases).

– Handling maintenance requests: When tenants have a maintenance or repair issue, they will notify the Panhandle property manager. The property manager is then in charge of coordinating with contractors, scheduling repairs, and ensuring that the project is finished by the deadline.

The best property management companies can also help you optimize your investment properties and grow your portfolio. They provide expert market analyses, significant insights into the local rental market, and data-driven recommendations (such as when to raise the rent, which upgrades to make, and so on).

Benefits of Hiring a Property Management Company

There are numerous benefits to hiring a professional property management company. Maybe the most obvious is that it frees up your time. If you’re managing your rental property personally, that’s a lot of time spent on tasks like marketing the property, answering maintenance requests, and so forth. Property managers can undertake all everyday activities that go with owning and managing a rental property. This can save you time and money while enabling you to focus on other important things in your life.

Other significant benefits of hiring a property management company include:

– Reduced vacancy rates: A competent property manager will understand how to market your rental property and screen tenants correctly. This can help you fill vacancies promptly and reduce the time your property is unoccupied.

– Increased rent collection: A property management company can help you collect rent on time. They may also be able to help you increase your rent prices (in some cases).

– Lower repair and maintenance costs: A property manager has a network of credible contractors with whom they regularly work. This can assist you in gaining discounts on repairs and maintenance, as well as guaranteeing that the task is completed on time.

– Fewer legal problems: A property manager can help you avoid potential legal issues by adhering to all applicable laws and regulations. They will also be able to deal professionally and legally with difficult situations, such as evictions.


If you’re seeking a property management company, remember to conduct your research and choose a reputable company that provides the variety of excellent services you need and want. Real Property Management High Plains has over 30 years of experience in single-family rental property management. Contact us online today to find out more about how we can help you properly manage your properties and expand your investment portfolio.

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