[mqtl-dev] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/

One important role is that of acting as liaison between the landlord and
tenant. Duties of property management include accepting rent, responding to
and addressing maintenance issues, advertising vacancies for landlords, and
doing credit and background checks on tenants. In exchange for the service
they provide, property management companies charge landlords a percentage of
the gross rent collected each month (typically 3-10%), in addition to lease
commissions. If disclosed in the management agreement repair costs may be
marked by some property managers. Some property management companies also
manage home owner associations (HOAs).

In addition to managing income and expense related activity, property
managers may also manage construction, development, repair and maintenance
on a property. The direction / choreography of repair/maintenance is quite a
large part of a property manager's function. Property manager relations with
Tenants gives a face to the Landlord and provides them the necessary buffer
servicing their desire to profit and distance themselves from their tenant
constituency.

There are many facets to this profession, including participating in and/or
initiating litigation with tenants, contractors and insurance agencies.
Litigation alone is at times considered an entirely separate function, set
aside for trained attorneys. Although a person or persons will be
responsible for this in their job description, there may or may not be an
attorney working under a property manager. Special attention is given to
Landlord/Tenant law and most commonly evictions, non-payment, harassment,
reduction of pre-arranged services, and public nuisance are legal subjects
that gain the most amount of attention from property managers. Therefore, it
is a necessity that a property manager be current with new laws and
practices in their given localities, cities and states.

Property management, like facility management, is increasingly facilitated
by computer-aided facility management software.

There are no investments here, no paychecks, no products or services to
sell, no seminars to attend, no tapes or manuals to buy, and no one MAKES or
EARNS any money.
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