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We've all heard horror stories about problematic tenants and absent property managers, but what does the average experience of working with a property management company offer? Like most things, a lot will depend on the company you choose to work with, but overwhelming landlords and tenants will say that working with a good property management company makes everything easier. A property manager isn't just responsible for collecting the rent every month. Many companies offer a full-service approach to provide ease and peace of mind to landlords and an excellent experience for tenants. Preparation and Tenant Screening Great property management companies are involved in every step of the renting process, from preparing the unit, to maintaining it throughout the tenancy. This starts with property marketing. Property managers know the importance of not having vacant units for an extended time. View our available properties in Detroit The advantage of a company specializing in attracting and maintaining good tenants is that they know how to attract the right people. After a suitable applicant has been found, the property management company will then handle the entire screening process. This will include background checks and the removal of high-risk applicants from consideration so that landlords are left with the most qualified leads. The management company will also handle property showings, walkthroughs, inspections, and the documentation of the property's condition during both move-ins and move-outs. They will also take care of any necessary repairs that need to be done. Maintenance & Rent Collection In Detroit, MI, an exceptional property management company will also be responsible for maintaining the property while the tenants occupy the unit. Instead of needing to contact contractors or repair people and juggle their schedules with yours and your tenants, the property manager will handle it all from start to finish. Often, excellent property management companies will have their own connections and dedicated technicians to address emergencies on-site. Learn more about our Detroit Property Management Services Rent collection is another service that is provided by property managers. They will collect the rent on time every month and will be the ones to follow up with tenants if the rent is late. In the worst-case scenario, if you have a problem tenant, the property manager will also be the one to begin the eviction process and deal with all of the legal considerations of tenancy issues. Financial Reporting & Business Streamlining Ultimately owning a rental property is a job all on its own. Working with a professional property management company means regular updates on the business’s financials and access to accounting and financial services. The ability to have all of the expenses and revenue reflected and organized through a third-party can take a lot of stress and pressure off landlords. Get in touch with Suite Properties today Further, the peace of mind offered by a Detroit property management company can not be overstated. The time saved from showing suites, running background checks, vetting references, arguing about late rent payments, or dealing with problematic tenants is often well worth a management company's cost. Besides the time saved, it can also reduce a lot of stress and headache that occurs with problematic tenants or even just the regular upheaval of move-in & move-outs and the various steps associated with preparing the unit for a new occupant.