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Some house owners get puzzled by what their house manager does whenever they hire them. It’s probably simpler to define that which you can’t, or shouldn’t do. After managing rentals for 30 years we have developed a short list of items that you must never ask your home manager to perform for you personally.

Make your home loan repayments

No you need to help make your loan payment in your case. The consequences of not which makes them on a timely basis could be catastrophic. Your mortgage may go into default, your credit could be affected and also you risk losing the exact property in a very foreclosure when the payment just isn’t kept current. Never trust another to you could make your mortgage repayments to suit your needs especially your busy property manager.

Pay your house taxes

You do not want your premises manager responsible for paying your property taxes. Owners needs to have the county mail tax bills straight away to them for payment. Failure to pay them can have serious consequences and may not be passed to some property manager. If you get a government tax bill and desire it to show high on your monthly owners report for tax purposes mail it in their mind as well as a check but don’t expect property managers for the government tax bill and pay it.

Maintain your landlord insurance and umbrella policy

If premiums are certainly not paid the effects might be disastrous. You should be in direct charge of your insurance coverage and premium payment. This is too crucial that you pass on your property manager.

Track and pay your Home Owner Association dues

If you don’t pay your dues, you could be fined, accrue attorney fees, and acquire a lien put on your property. You really should have your HOA mail everything directly to you together with pay your HOA dues straight to them. Also, HOA’s don’t respond well to organizations like property managers. They want an immediate line on the owner regarding violations, assessments, amendments and community problems. You must remain in the loop, receive their communications, and acquire the crooks to your employer to cope with. As much as you want to pass this to your house manager there’s an excessive amount of at risk.

Contact with your home (builder) warranties

Warranty companies don’t respond well to organizations like property managers and tenants. richmond property management made promises to you, not us, and frequently we require your help getting the crooks to respond. Also, they aren’t efficient at addressing emergencies. Property managers need your muscles with the warranty company after they have a problem.

Turning the utilities on and off

Utility companies decide to make it progressively difficult for organizations (management companies) to turn utilities on for someone else. Utility companies want the master of the home to put together the account, pay the deposits and regular debts when the house is vacant. Also, when property managers have multiple properties active with the same utility, the utility companies consistently misapplies deposits, charges and refunds. We are constantly fighting them (and also the owner) over incorrect account records.

The solution: turn them on with your name through the vacancy. It only happens every couple of years therefore it is not time intensive.

Note: Utility companies won’t allow organizations to create “continuous service” preventing utilities from ever turn off. Only the owner can do this. Set up continuous service once and forget about it forever.

You shouldn’t let your premises manager manage everything. Some issues only have to stay within the owner’s control for protection.

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