Is 2025 a good time to sell your rental in MD? Take a look at this guide.
Property management is a service that is easily a full-time job, if not multiple full-time jobs. Your property manager is a great help, but what exactly does a property manager do? If you own commercial or residential property and are renting it out, there are certain property management services every property needs. Are you ready to take it on, or can you benefit from a professional property manager? If so, Clagett Enterprises is here for you in Maryland.
Building Maintenance
All property management services involve building maintenance. No matter what kind of building it is, whether it is the toughest industrial construction or an affordable townhouse, whoever is in charge of maintenance will need to keep it clean, renovate it, and repair it. A great property manager ensures the property isn’t just habitable, but pleasant to live in!
Legal Compliance
Property managers leave no stone unturned when it comes to legal compliance. All buildings of all kinds must be compliant with the law, and it’s worth knowing these laws or working with someone who does when you are renting out a building for others.
Tenant Management
Property management services also involve managing tenants. This category is broad. It involves marketing the rental property, screening tenants, collecting rental payments, communicating with tenants, and addressing tenant problems and even evictions.
Financial Management
Bookkeeping is an essential part of any business, including real estate investing and renting out properties. You will need to track every transaction in a clear, orderly way. You will also need to set up a payment process and be able to handle late payments or tenants who are not paying. You can also give financial gifts to great tenants.
Property Management Services: DIY or Professional?
Some landlords will learn the ropes and handle property management themselves. Others need to save time for other work and hire a property manager. Clagett Enterprises, located in Frederick, MD, has experience managing all kinds of properties, including medical, commercial, residential, industrial, and historic properties. If you are looking for a property manager who knows the ins and outs of running different kinds of premises, you can count on Clagett Enterprises.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.