If you own property that you lease to others there is a lot of time involved in handling the day to day things that need done. You will need to show tenants the location, collect the rent money monthly, pay the taxes and be available when there is maintenance to be done. If you happen to live out of the area, it makes it all these tasks even more complicated. If this is something you are familiar with, you may want to hire a Rental Property Manager in Boise, Idaho.
The type of company you hire to manage your property, may ask you to sign a property management agreement. In this agreement it will specify a certain time frame that they will be managing your property. It will also list what duties they are responsible for such as a collection of all money from tenants, showing the property, and that they will be the person the tenant will contact with any problems or questions. This company will also manage any expenses such as lawn care and maintenance, which will be deducted from the money they collect and the remainder will be sent to you in a timely manner or deposited into an account. As the owner you will still be responsible for mortgages, homeowners association fees and property taxes.
For the tenant, the Rental Property Manager in Boise, Idaho will be available to do a walk through with a checklist before the tenant moves in and again at the time they turn in the key when they move out. This type of walk through is done to ensure that all is in order before they move in and in the same condition when they move out. This type of property manager is also available at any time for the tenant to contact for any problems they may have such as maintenance requests or questions regarding their rental.
The type of company that manages your rental properties for you will be able to ensure that the renters are interviewed, money is collected, maintenance and upkeep is done regularly. This would be the ideal solution if you are unable to do so due to time constraints or distance from the property. By hiring a company like this it takes the stress and headaches of ownership away from you while still allowing you to keep the property and have the extra income you desire.