Here are some of the frequently asked questions
1. What does property management involve?
Answer: Property management involves overseeing and managing real estate properties on behalf of the owner. It includes tasks such as tenant screening, rent collection, property maintenance, and lease agreements. Lebern is a trusted property management company that specializes in providing these services.
2. How do property managers find and screen tenants?
Answer: Lebern typically advertises vacancies through various channels, conducts background and credit checks on prospective tenants, verifies employment and rental history, and interviews potential tenants.
3. How much does property management cost?
Answer: The cost of property management can vary depending on factors such as the location, type of property, and services provided. Generally, property management fees range from 10% to 16% of the monthly rental income. Lebern offers competitive pricing for its property management services.
4. Can property managers help with rent collection?
Answer: Yes,
Lebern, as a property management company, handles rent collection on behalf of the property owner. They ensure that tenants pay rent on time and take appropriate action in case of non-payment with an in-house eviction service.
5. What happens if a tenant damages the property?
Answer: Lebern
assesses the damage caused by tenants and handles necessary repairs or renovations. They may deduct the cost of repairs from the tenant’s security deposit or take legal action if required, ensuring that the property is well-maintained.
6. How often should property inspections be conducted?
Answer: Property
inspections are typically conducted before a new tenant moves in and periodically throughout the lease term. The frequency of inspections may vary, but they are usually done every six months by Lebern to ensure the property’s condition is properly monitored.
7. Can property managers assist with legal matters?
Answer: Lebern has a team of experts with knowledge of local landlord-tenant laws and can provide guidance on legal matters related to property management, such as eviction procedures and lease agreements.
8. What are the benefits of hiring a property manager?
Answer: Hiring Lebern as your property management company saves time and effort for property owners. They handle day-to-day management tasks, ensure efficient operations, minimize vacancies, and deal with tenant-related issues, allowing property owners to have peace of mind.
9. How do property managers handle maintenance requests?
Answer: Lebern has a network of trusted contractors and service providers to address maintenance requests promptly. They coordinate repairs, schedule appointments, and ensure the property is well-maintained, relieving property owners from the hassle of managing maintenance tasks.
10. Can property managers help maximize rental income?
Answer: Yes, Lebern’s property managers have market knowledge and experience in setting rental rates. They can analyze market trends, assess property value, and suggest rental rate adjustments to maximize income for property owners.
11. What happens if a tenant breaks the lease agreement?
Answer: If a tenant breaks the lease agreement, Lebern’s property managers will follow the terms outlined in the agreement and local laws. They may charge penalties, find a new tenant, or take legal action if necessary, ensuring that the property owner’s interests are protected.
12. Do property managers handle tenant complaints and disputes?
Answer: Yes, Lebern’s property managers act as intermediaries in tenant complaints and disputes. They investigate the issues, mediate discussions, and work towards resolving conflicts between tenants and property owners, maintaining a positive landlord-tenant relationship.
13. What is the process for terminating a property management agreement?
Answer: The termination process may vary depending on the terms outlined in the property management agreement with Lebern. Generally, a written notice is provided to terminate the agreement, with specific timeframes and conditions, ensuring a smooth transition if necessary.
14. Can property managers help with marketing vacant properties?
Answer: Lebern, as a property management company, is responsible for marketing vacant properties. They utilize various marketing channels, such as online listings, social media, and real estate networks, to attract potential tenants and minimize vacancies.
15. Are property managers responsible for insurance coverage?
Answer: Property managers, including Lebern, typically do not provide insurance coverage themselves. However, they can advise property owners on appropriate insurance options and ensure tenants have renters’ insurance as required, protecting the property owner’s interests.
16. How are property maintenance and repairs handled?
Answer: Lebern’s property managers coordinate and oversee maintenance and repairs. They have a network of contractors and service providers to perform necessary tasks, ensuring the property is well-maintained and reducing the burden on property owners.
17. Can property managers help with lease renewals?
Answer: Yes, Lebern’s property managers can assist with lease renewals. They review lease terms, negotiate rent increases if necessary, and facilitate the renewal process with existing tenants, ensuring a seamless transition and continuity for property owners
18. What steps are taken to find new tenants when a property becomes vacant?
Answer: When a property becomes vacant, Lebern’s property managers advertise the vacancy, screen potential tenants, conduct showings, and handle the application process to find suitable new tenants. They strive to minimize vacancy periods and attract high-quality tenants.
19. Can property managers assist with budgeting and financial reporting?
Answer: Lebern’s property managers can help with budgeting by providing financial analysis, forecasting rental income and expenses, and preparing detailed financial reports for property owners. They ensure transparency and help property owners make informed financial decisions.