A Philadelphia Property Manager must be licensed by the state and certainly must comply with all federal, state and city regulations.
There are many laws and a great deal of criteria involved with owning a Philadelphia rental property, and these laws are constantly changing.
A rental property manager is required to receive formal continuing education and we really must participate within the rental property manager industry, local and nationally to keep our property owner clients compliant with municipalities, including the City of Philadelphia ever changing landlord requirements.
Fortunately, the rental property management community is an active industry, with several organizations intended to better Rental Property Management.
The goal of these organizations, often the requirement, is to set a standard and sometimes criteria of basic levels of service expected of a rental property manager to landlords and to rental tenants.
The criteria generally extends to education, legal compliance of rental property management, professionalism, ethics, rental manager best practices and consumer protections (customer service to tenants & rental property owners).
As your Rental Property Manager it is my job to market to find you a great tenant. This is also done by extensive tenant screening. It is my job to keep your rental property legally compliant with all agencies, manage security deposits, collect rents from the tenants, including any late rental payments, avoid costly repairs and evictions, handle all maintenance requests through effective management. Avoid costly repairs through manager inspections.
Essentially, as a Rental Property Manager, I will increase your rental income, decrease your tenant turnover and greatly reduce expense to your property.
It's important to set a rental property to task that matches your investment strategies and this extends to your management philosophy.
A proper Rental Property Manager will do more than just get tenants, sign leases, and take calls about broken toilets at 3am. We reduce your risk and liability. As you property manager we protect your investment and we greatly increase your profit.