Property management is an essential key in the Branson rental market. There are so many
different responsibilities associated with managing a rental property, that it should not be at all
surprising to learn that a significant portion of investors in rental property employ a property
management company to manage a property investment on their behalf. Read on to find out the
essentials of a property manager that you want working for you.
Advertising and Showing
The first piece of the Branson rental property puzzle is gaining a new tenant to occupy the
available unit. While this task may seem easy enough, there is a lot of competition in the rental
market. An essential function of a great property manager is to advertise the property quickly,
with a description of the property highlighting its finest selling points. It’s also important that
these advertisements include high resolution, quality photos that give the best depiction of the
property.
All good property management companies will be set up on several social media and rental
platforms, so your listing should go up quickly and efficiently.
Once these advertisements have generated a few leads on the unit, the property management
company is responsible for taking interested parties to the property for a showing. There they
will allow the potential tenants to walk through and of course answer any questions that may
arise.
Competitive But Correct Pricing
As the owner of the unit you want to make as much of a return on your investment as is
possible. Your essential property manager will know the market and the trends for the area and
will set an appropriate rental rate. You want to ask a reasonable figure so it will rent quickly and
be competitive, however you do not want to undercut yourself and leave money on the table, if
you could have asked more.
Execute The Lease Signing
When it comes time to process the application and have the lease signed, these tasks also fall
to the property manager or the management company. After completing a background and
credit check on your applicants, they will come to the lease signing on your behalf, collect the
deposit and any rent amount that is due up front.
Accept Rent Payments
Your property manager will oversee the process of ensuring that your tenants make their rent
payments as required monthly. They will also follow up with any tenants who are late paying,