3 Property Management Tips

Property management requires handling various aspects ranging from garbage disposal to HVAC systems installation and dealing with tenants, among other duties. If you are a property owner, managing it can be time-consuming. You may have to deal with difficult contractors who fail to meet deadlines. You also need to ensure your property is in good shape and well-maintained.

Some ways to avoid getting overwhelmed by the amount of work involved in property management are finding the right contractors, keeping proper documentation, and using a property management calendar to keep track of due dates and appointments. Outsourcing property management services to specialists such as Hamptons Home Away is also a reasonable consideration.

Find Trustworthy Contractors

The first step in stress-free property management is finding trustworthy contractors. Trustworthiness is the foundation of a good contractor-property owner relationship, so it's important that you carefully screen your potential workers.

A great contractor will be:

Respectful and considerate of your property

Honest about their work experience

A company or individual certified by the relevant authorities

Keep up-to-date Records

Keeping accurate, up-to-date records is one of the best ways to avoid legal liability as a Hamptons property manager. Some essential records include initial rental agreements, received monthly payments, Served eviction notices, maintenance agreements, and payment arrangements made for when one party defaults or fails to meet their contractual obligations.

Use a Property Management Calendar

If you're not already using a property management calendar to keep track of due dates and appointments, it's time for you to start. These calendars are an essential tool for any property manager. They help ensure that your home runs efficiently and that all tasks are completed on time. 

A calendar can be used to schedule maintenance tasks or apartment inspections and clear up any confusion regarding ground staff requests or payments. One of the best things about using a calendar is that it allows you to see exactly how much time has passed since an event took place so that none of your contractors or tenants feels ignored! 

Do You Need Help Managing Your Property?

Keeping your home in perfect condition is important to maintain its value. Owners must do everything they can to stay organized and on top of things. Hamptons Home Away works with your preferred contractors to ensure your home receives the best care.