One of the best ways to supplement your income or be even the source of primary income is to own a rental property. But many times you may be living hundreds of miles away from your rental properties. In such a scenario, hiring the services of Hercules Property Management company is one of the viable and profitable solutions for you.
This is because the management company offer services such as maintaining the property, collecting the rents, issuing the slips and even marketing and screening the potential tenants.
However as in every industry, there are all types of management companies. There are some who take their responsibilities seriously and some who try to take undue advantage of clients and try to dupe them. The best way to filter out the unwanted management companies is to sit with them and seriously ask them some probing questions such as:
Type of properties the Hercules Property
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Hence you should specifically ask for the type of properties the company is managing at present. You must make sure that the management company is managing your types of properties.
Inspections
A professional Hercules Property Management company will always thoroughly inspect the property on regular basis. In addition, the company should also conduct thorough inspection when the tenant is moving in or moving out. Ideally speaking the inspection should be by walk through, though the inspection can also be done by drive-bys or video inspection.
This is very important especially if there is any disagreement with the tenant regarding the missing or damaged items. If there is any such disagreement, then the actual documentation during the move-in inspection as well as the pictures taken before and after will hold greater validity.
A checklist that is signed at the time of move-in by the tenant validates the fact that the tenant has concurred with the inspection findings.