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.

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 hi 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.

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. 

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.

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, and they will start any legal notices should the tenant continue to resist making payment. In the end, if necessary, your essential property manager will go to court and follow through with the eviction process. 

No matter how nice or well-kept your rental property is, regular maintenance is hard to avoid. If your tenants experience a problem of any kind, they will know to call the property manager’s office and ask for a work order to be put in. Their maintenance team will address the issue as soon as possible, or they will direct the request to an outside vendor, in order for them to complete the repairs. In a time such as this, having a property manager is an advantage as they often have vendors they regularly send work to, therefore due to the scale of the working relationship, your job will take a priority and the vendo will complete the repair faster than if you called the problem in as an individual homeowner.

Rent payments posted to tenant and owner accounts, the proper tax forms ready to file come tax time, and maintaining all expenses the unit incurs, are all essential tasks that the property manager or their accounting department will handle for you.  

The property manager will be the middle man for all communication from the tenant. Due to how time consuming managing property can be, most owners opt to stay out of the day to day operations and allow the property manager to act in their stead. Should the tenant have any questions arise, those concerns will be directed to the office, and not to your personal cell phone. 

Having a property manager working for you in the Branson rental market, essentially gives you the freedom to be involved in your rental as little or as much as you want. After reading about all of the essential jobs your property manager is responsible for overseeing, it should be easy to see why hiring a property manager is essential to the rental property process.

Thousand Hills Realty is the Premier Management Company in the Branson rental market and we would love the opportunity to discuss how our services could benefit you and the goals you have for your Branson apartment or home. Call us today at (417) 337-8081 to learn more about the services we offer!