Frequently Asked on How Property Management Works
Property Management is a daunting task that comes with many doubts. We will discuss some of the most common question and answers regarding leasing and property management services. Ask these questions before making any decision. If you might have specific questions that are not available on this page, please feel free to contact us. Call us on (800) 507-2862, or (408) 626-4800 or reach us through our webpage.
Using rental property management services in San Jose relieves you from the burden that comes with the process. They will help you in:
Tenant relations
They act as the liaison between
Maintenance and repair
Property managers determine and conduct all the required maintenance.
Serving eviction notices
They help in serving eviction notices as they make sure that they are enforced.
Advertising and screening tenants
They advertise vacant houses and vets’ potential tenants
Tax compliance
Property managers advise on tax filing. They are conversant with all the laws and regulation around real estates, therefore they advise accordingly.
It’s Always Worth your Time
Having a professional manage your South Bay home rentals, you can focus on other money generating activities that are within your talent scope instead of worrying on matters relating to your property. People who have hired professionals for the undertaking, sleep better at night knowing that their property is in safe hands.
Why is it Important to look for a Company that is Licensed or belong to a Professional Association?
This step is very crucial before going for any property management company. You always want a guarantee that your money is protected. If you are looking for a property management firm to overlook your San Jose homes for rent, they must be a licensed broker as stipulated by the California laws. In the State, you can confirm their credibility by contacting the California Department of Real Estate.
It’s better Safe than sorry
Property Management is a very sensitive process, which entails a third party managing your tenants, finance, and even property. Therefore, it requires a lot of caution. Hire a company that is licensed or belong to a professional association for residential property management. By doing so, you will have a channel to air your complaints.
Can You Sue a Property Manager?
Just as you can sue any other business owner, you can sue property managers. However, it is not always the best idea. You can file a case against the business manager for negligence—this is the most straightforward type of case.
Exceptions
It is the legal right for everybody to go to court in case of injustices. However, there are exceptions in which real estate lawsuits may not work. For instance, you must know the owners of the company before filing for any case. Some of the Property Management companies are limited liability companies (LLCs) without listed owners. In commercial real estates that are controlled by LLC, it is very hard to bring a lawsuit to court because there is no obvious way to serve the owners. For such scenarios, you will need to contact an experienced real estate attorney.
In other cases, if you agreed to sign arbitration agreement during the process of lease agreement, then you forfeit all your rights to bring a lawsuit against the company. As per the contract, you will always pursue your claim through arbitration.
The Last Resort
If you live in rental houses in San Jose, CA, suing should always be the last option. By taking matters to court, the cooperation between any two parties ends. Trust me; you do not want to be stuck with an angry and vengeful landlord to deal with if you are a tenant.
Does Property Management Involve Maintenance?
As we mentioned earlier it is important to realize the service you have hired the aforementioned individuals to undertake. For instance, you can go for rental property management. In this case, the company will only handle rent-related matters. However, if you go for the complete package, property managers will handle all maintenance work in your establishment. This is the most viable option, as you just have to sit back and relax while the professionals handle everything for you.
Do Property Managers Charge Tenants for Repairs?
Whether or not to charge for repairs depend on the lease agreement. If the contract dictates that the company is not liable for repairs costs, then, of course, the tenant has to pay. However, most of the contract mandates these companies to take responsibilities for repairs.
How Much Do You Charge for the Service?
Most property management firms will always charge between 8%-12% of the total monthly rental value plus the expenses. However, you can always request for customized services just tailored for you. Always remember that the firm will charge you depending on what you want to do for you.
Example
If Mr. Brad wants tenant-find only service, he will pay less than Mr. John who wants tenant-find and rent collection services. Importantly, tenants will pay depending on the house they want
What is your Organization Affiliation why should I Choose You?
In many cases, people will want to know about the company and get some assurance. In our instance, A to B is a premier San Jose property management company with many years of experience in discharging the services to the residents of the area. Our unparalleled commitment to our clients is unmatchable. We pride ourselves with highly qualified staff and our reputation precedes us in the area.
Contact us today to get a free quote.