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    Added Jun 17, 2017 Views 59 Rating
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    Tips For Professional Property Agencies In the management of your properties today, control and efficiency will help you to provide the best services to your customers. This means that all the systems should be in a document and relevant to each type of property. This means that different checklists will apply to industrial property, office property and to retail property. Checklists will be different when it comes to property management versus leasing. To establish a solid control process, here are some tips that will help you in your property management services. The first thing is that you must look at the lease documentation when taking over the management of a new property. In some cases, you might find that some documentations are missing or some critical dates. If the tenancy schedule is given to you as part of being handed over the property, ensure that the schedule is checked completely against existing lease documentation. You should know that the lease documents are not the only documents concerned with occupancy. You can find other licensed documents such as storage, special areas of use or car parking which are also concerned with occupancy. Examine the arrears as part of the handover process. It is important to have all the available arrears quantified for any action that can be necessary. Ensure that you have all the letters and documents that relate to the pursuit of the arrears. If there were any agreement made for the existing arrears, you would need a copy of the documentation.
    A Quick Overlook of Options – Your Cheatsheet
    Know the tenants living in the house and the property as early as possible. You are advised to officially introduce yourself to the tenants during the property handover. This is because tenants tend to be sensitive to changes in the management of the property.
    A Quick Overlook of Options – Your Cheatsheet
    It is necessary that you know what the landlord requires of reporting and approvals. Landlords have different ways of communicating and reporting process. You will realize that landlord have different requirements for cash flow and expenditure. However, complex properties with multiple tenants can have challenges in ensuring that the cash flow is appropriate. Ensure that you choose a property manager that has met all the demands of the landlord. Talk with the people involved in the maintenance of the property as early as you can. They will tell you about the property today and the capable maintenance failures in the future This understanding will enable you to plan appropriately for the cash flow and expenditure for the coming years. It is important to have the history of the property. It is appropriate that you have copies of the previous reports, financial activity and lease documentation if there is a possibility of having them. Such kind of information is important in helping you to establish the status of the existing tenancy and also coming up with plans of growing the property as an investment.


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