Practical Solutions of the Polaris Property Management, LLC
At the end of the three weeks, my tenant’s father, a lawyer, wrote me a letter threatening to sue me if I didn’t return their security deposit, as well as their first month’s rent and another month’s rent to compensate them for all the emotional distress and physical inconvenience they had experienced while living in those conditions, as well as all the time they had lost from work. The end result is that the management company never sent the roofer, never informed me, and acted completely irresponsibly. In the end, I lost my tenants, my money, and my business to the management company.Do you want to learn more? Visit Polaris Property Management, LLC
Of course, none of this would have happened in because both the landlord and the tenant are covered by the statute. As you might recall, there’s a lot that goes into having that first rent check. All of the publicity, tenant due diligence, and then tenant management after they move in can be extremely taxing on a person.
Depending on how far you live from the house, all of the preceding topics get much more complicated. Take it from me: attempting to do all of the lease-up work and property maintenance from afar is a time-consuming job that I would not suggest to someone with other commitments (i.e. a life). There will be more on this later. This is where the competent Property Manager comes in. A property manager is typically compensated for both the leasing of a property and the management of the occupant after they have moved in. Property managers usually charge a lease up fee because they invest a significant amount of money promoting the property during the lease up period. This usually equates to a fee of 1/2 of the first month’s rent in several locations (both within and outside of the GO Zone).