A Complete Checklist for Successful Property Management

As a rental owner, managing your property comes with a long list of responsibilities. From maintenance to rent…

As a rental owner, managing your property comes with a long list of responsibilities. From maintenance to rent collection and last-minute emergencies, it can be overwhelming to do your job without too much friction. That’s where 3 Options Realty comes in as the go-to property management company for smooth operations. With many years of experience, our property managers have developed proven strategies that make rental ownership less stressful and more profitable. We understand that managing rental property can be overwhelming, especially if you have multiple rentals. Here’s a detailed checklist on how we successfully manage properties to help you make informed decisions.

Before Move-In

If you have an empty rental space, proper preparation and planning are crucial to ensure you attract the right tenants. Property managers in Alpharetta, GA start the process by devising a tailored preparation plan to get the property ready. This often includes thorough cleaning, maintenance, and effective marketing to put your property in front of the right audience. Additionally, professionals conduct thorough tenant screening and background checks to find reliable and financially stable tenants. Before the actual move-in, you can expect a property management company to maintain open communication about the date and the process to avoid inconveniences.

During Tenancy

After the tenant moves in, the property management company will handle financial management, which includes timely rent collection, budgeting, and security deposits. This gives you peace of mind knowing your books are in order and comply with the law. Beyond financial management, property managers work with specialized tradesmen, ensuring proactive maintenance to prevent minor issues from escalating. If a prospective tenant wants to discuss the lease, the property manager will handle negotiations to ensure agreements are clear and fair.

Move-Out

Once the lease ends or the tenant provides a notice for vacation or any other reason, professional property managers will implement a clear move-out procedure to streamline the process and reduce disputes. A thorough inspection is conducted to compare the property’s current state to the move-in condition, while documenting damages with photos or videos. After assessing the rental, a make-ready plan is executed to restore the property to its top shape for the next tenant.

Our Services

Our Guarantee

3 Options Realty is committed to providing Georgia's best property management services. But in the unlikely event that a landlord…
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Eviction Protection

A dream tenant on move-in day can turn into an eviction case six months later. Missed rent, damage to your property,…
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Property Management

Are you struggling to maintain multiple rental properties? Have you recently purchased your first real estate investment, but are feeling overwhelmed…
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The 3 Options Realty Difference

Most property management companies are designed around the departmental organizational structure. 3 Options Realty is much different and there are…
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Common Property Management Mistakes to Avoid

While it may seem straightforward, managing a rental property can be stressful. With this in mind, owners often make mistakes that can lead to high turnover and a lower return on investment (ROI). Let’s delve into some of the common property management mistakes to watch out for and how to avoid them.

Neglecting Regular Maintenance

Since tenants may not detect a problem until it is too late, prioritizing routine maintenance inspections is crucial to ensure that minor issues do not escalate into bigger problems. Most homeowners often ignore minor issues to save money, or they simply do not have a reliable contractor to handle repairs. That’s why you should stick to a schedule so that minor issues do not get out of hand.

Poor Tenant Screening

Turnovers can be discouraging, forcing owners to rush through the screening process in an attempt to lease the property as soon as possible. This can lead to unreliable tenants, delayed rent payments, and lease terminations. The best way to ensure that you lease to a good tenant is to hire a property management company for thorough screening processes. This includes checking rental history, credit, and employment, reducing the likelihood of frequent disputes and turnovers.

Hire a Professional Property Manager

With all the different aspects of property management, from tenants and maintenance to financial management and legal requirements, it can feel overwhelming for owners. With 3 Options Realty by your side, you can prevent many challenges and navigate the process effortlessly. Contact us today to book an appointment with our property managers and enjoy a profitable business for years to come.