Collecting rent is easy if you have the perfect tenant who pays on time! But what if they don’t? Having someone in your corner who knows tenant law and the proper notices to send is critical!
If a tenant has gone beyond the grace period of the lease we provide them with a late rent notice, where we collect the appropriate late fees along with the normal rent amount. Worse case, if we have a tenant that does stop paying rent, we will handle the eviction process for the owners, as well as coordinating the legal process of removing the tenant. In the last 5 years we have had to use this only 3 times. When we have used this we have re-rented the property very quickly.
We make paying rent easy for tenants with the online tenant portal that can be accessed 24/7. We encourage tenants to pay online, which means we can pay you out faster.
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What We Do As Your Albuquerque Property Manager
FinancialYes, obtaining and depositing rent checks is a major part of the financial responsibility of a property manager, but an ardent company will go further. Included in this category is knowing the current rental market and devising marketing strategies to find new tenants. Regular financial reporting (to the owners), understanding financial statements, income taxes and budgeting are also very important.
TenantsThis category includes getting, screening, understanding, and keeping those that will inhabit the property. It also includes being responsive to the tenant while reporting back to the owner. A dedicated management company will be able to balance this sometimes complex relationship between the two.
StructureThe upkeep of the physical structure is a crucial part of property management. The homeowner and tenant alike trust that any necessary repairs will be done properly and in a timely manner. A proactive property manager will not only address the acute repairs, but will also perform preventative maintenance checks.
Most property management companies have their own office that requires basic administration duties. But on top of that, they will also need to perform the administration obligations for each of their contract relationships. Federal, state, and local governments all have some jurisdiction over real estate property management activities. Certain reporting requirements must be met for all of them, and meticulous record keeping is a must. A prudent management company will stay up to date on all laws and regulations, using them to make the best experience for their client and the tenant.
A quality property management company will take care of things when they go wrong, but will also be proactive; mitigating possible problems before they occur.
Corder and Company, LLC is a proud, proactive Property Management Company serving the Albuquerque and Rio Rancho areas. We know property owners and potential tenants alike and have a choice when deciding who to use for their housing needs. We would love to be the choice for you!
See What Our Clients Have To Say About Us
“I just wanted to thank you all so much for everything you do for us. You don’t realize how much stress you relieve from us by taking care of our house and the bills associated with the house. We are truly grateful for the hard work you all do.”