Step 1: Schedule the Appointment
- Confirm a mutually convenient date and time with the owner for the property management consultation.
- Inform the owner about what will be discussed and any documents they should prepare (e.g., property details, existing tenant agreements).
Step 2: During the Appointment
Introduction and Discussion with the Owner
- Outline the property manager’s responsibilities:
- Managing tenants and leases.
- Handling maintenance and repairs.
- Marketing the property and tenant screening.
- Explain the need for an initial inspection to assess the property’s condition.
Key Actions to Complete
Let the owner know:
- A contract will be sent to them shortly after the meeting for review and signature.
- Professional photography will be scheduled for marketing purposes.
- You will need to obtain a key from the owner for property management access.
Discuss Financial Aspects
Present the fee structure and emphasize
- Fees align with performance: “We get paid better when we do a better job.”
- A maintenance reserve amount of $600 is required upfront for handling repairs and emergencies.