What is a Property Management Company and What Does it Do
                     What is a Property Management Company and What 
Does  it Do?
Before deciding whether or not you will need a property management company, it is essential to 
 understand their roles. That way, you can make an informed decision that suits your needs and  
properties.
If you're entertaining the idea of getting professional help for your rental but still asking yourself, 
 'What does a property management company do?', you're at the right place! In this article, we'll 
 walk you through the role of a property manager and their everyday duties and responsibilities.
What is Property Management Company?
A Property Management Company is a business or organization that manages real estate and  
rental properties. Property managers handle leasing, collecting rent, maintenance issues, tenant  
relations, and compliance with relevant laws for their clients. Property Management Companies  
have experienced professionals knowledgeable about all aspects of property management.
What Does Property Management Company Do?
Property managers typically manage a property's day-to-day operations, including screening  
tenants, collecting rent payments, and handling maintenance issues. Property management  
companies also handle legal tasks such as evictions and preparing leases. In addition, property  
managers may oversee multiple properties for one or more clients. Property Management  
Companies strive to maximize returns on investments while minimizing costs and liabilities for  
their clients. Property managers handle tasks such as:
-Property Market Research and Analysis - Property managers use market research to determine  
the most appropriate pricing structure, which helps landlords maximize profits while keeping  
tenants satisfied.
-Property Showings - Property managers coordinate with prospective tenants to scheduling  
showings of available properties, evaluate tenants to ensure they meet the criteria established  
by the owner, and conduct lease negotiations.
-Property Maintenance - Property managers are responsible for ensuring that all maintenance  
needs at a rental property are met, including scheduling repairs and preventative maintenance  
as necessary. Property managers may also be responsible for coordinating with outside  
contractors when more specialized work is needed.
-Property Rent Collection - Property managers are responsible for collecting rent payments from  
tenants, tracking tenant accounts, and ensuring that all late fees and other relevant charges are  
paid when due. Property managers may also provide tax advice to landlords regarding rental  
income.
-Property Legal Compliance - Property managers must stay up to date on applicable laws related  
to rental properties, including tenant-landlord laws and regulations, fair housing laws, rent  
control regulations, building codes, and health and safety regulations. Property managers must  
also ensure that all paperwork related to rental properties is kept up to date and in compliance  
with these laws.
Property Management Companies are an invaluable resource for landlords who want a  
professional to manage their rental property. Property managers can help landlords maximize  
profits and minimize liabilities. Property management companies can also provide invaluable  
advice and assistance regarding tenant relations, rent collection, maintenance issues, legal  
compliance, and more.
Are you in search of a Property Management Company in Seattle? Davis Management Group,  
LLC is a highly recommended Property Management Company providing expert property  
management services tailored to the needs of your property and investment strategy.