Property managers play a crucial role as the linchpin between the property owner and the tenants, ensuring the property remains profitable and operates seamlessly. Their responsibilities encompass overseeing the daily operations of a real estate property, be it residential, commercial, or industrial, and involve a diverse array of tasks.
Unlike REALTORS®, the state does not require formal training or additional licensing. At Synergistic Property Management, we have created a curriculum based on decades of experience. Also, many brokerages do not have a property management division, which also sets us apart. Our training focuses on elevating the day-to-day management of property owners. We leverage relationships and state-of-the-art software to provide exceptional customer service for property owners and tenants. Our services include:
Tenant Management: Finding and screening potential tenants, handling lease agreements, collecting rent, and addressing tenant concerns or complaints. They may also handle lease renewals and evictions when necessary.
Maintenance and Repairs: Ensuring the property is well-maintained and in good condition. This involves coordinating and supervising repairs, regular maintenance tasks, and emergency fixes. Property managers often work with contractors and service providers to keep the property in good shape. Synergistic Property Management has a deep database of trusted vendors and contractors that are fully insured and licensed.
Financial Management: Managing the financial aspects of the property, including budgeting, accounting, and reporting. They collect rent and pay bills and may also be responsible for setting rental rates based on market analysis.
Legal Compliance: Ensuring that the property complies with local, state, and federal laws, including housing regulations, safety standards, and fair housing laws. Property managers stay informed about changes in laws that affect the property and its tenants.
Marketing and Advertising: Promoting the property to attract new tenants. This can include creating advertisements and emails, listing the property online, and showing the property to prospective tenants.
Tenant Relations: Building and maintaining positive relationships with tenants to encourage long-term occupancy and reduce turnover. This can involve resolving disputes, organizing community events (for residential properties), and ensuring tenant satisfaction.
Risk Management: Identifying potential risks to the property and implementing strategies to mitigate them. This includes handling insurance claims, preparing for natural disasters, and ensuring the property is secure.
Reporting: Providing regular reports to property owners detailing the financial performance of the property, occupancy rates, maintenance issues, and any other relevant information.
Overall, a property manager acts as the intermediary between the property owner and the tenants, ensuring the property is profitable and operates smoothly. For more information, please contact Syngergistic at 813-940-8588.
