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Things You Can't Turn Over to Your Property Manager
Some house owners get confused about what their house manager does when they hire them. read this post here 's probably easier to define that which you can't, or shouldn't do. After managing rentals for three decades we've created a short list of stuff that you shouldn't ask your premises manager to perform for you.
Make your mortgage payments
No you ought to make your mortgage payment in your case. The consequences of not causing them to be with a timely basis could possibly be catastrophic. Your mortgage might go into default, your credit can be affected so you risk losing the home inside a foreclosure in the event the payment is just not kept current. Never trust another to build your mortgage payments for you especially your busy property manager.
Pay your house taxes
You wouldn't like your home manager in charge of paying your house taxes. Owners needs to have the county mail tax bills straight to them for payment. Failure to pay them may have serious consequences and should 't be passed to some property manager. If you get a tax bill and want it showing high on your monthly owners report for tax purposes mail it for many years and also a check such as the expect property managers to receive the tax bill and pay it.
Maintain your landlord insurance and umbrella policy
If premiums are not paid the effects could possibly be disastrous. You should remain in direct charge of your insurance coverage and premium payment. This is too important to pass on your property manager.
Track and pay your Home Owner Association dues
If you do not pay your dues, you can be fined, accrue attorney fees, and get a lien put on your home. You should have your HOA mail everything right to you together with pay your HOA dues directly to them. Also, HOA's don't respond well to third parties like property managers. They want a direct line towards the owner regarding violations, assessments, amendments and community problems. You must be in the loop, receive their communications, and obtain these to your employer to deal with. As much as you would like to pass this on to your property manager there exists too much at risk.
Contact with your home (builder) warranties
Warranty companies don't respond well to third parties like property managers and tenants. They made offers to you, not us, and sometimes we need your help getting these phones respond. Also, they usually are not great at giving an answer to emergencies. Property managers need good tone muscles with all the warranty company after they have a difficulty.
Turning the utilities on and off
Utility companies are earning it harder and harder for organizations (management companies) to show utilities on for someone else. Utility companies want online resources the property to set up the account, spend the money for deposits and monthly installments when the house is vacant. Also, when property managers have multiple properties active while using same utility, the utility companies consistently misapplies deposits, charges and refunds. We are constantly fighting them (along with the owner) over incorrect account records.
The solution: turn them on inside your name in the vacancy. It only happens every couple of years so it's not time consuming.
Note: Utility companies will not allow organizations to setup "continuous service" preventing utilities from ever turn off. Only the owner can do this. Set up continuous service on one occasion and lose focus on about it forever.
You must not let your house manager manage everything. Some issues just have to stay under the owner's control for their protection.
Point your internet browser to for more information about property management in Atlanta.
My Website: http://www.masonre.com.au/
     
 
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