Polaris Property Management, LLC

1. A Residential Property Manager Can Help You Out When it comes to renting out a property or managing a property portfolio, there are many important decisions you need to make for the well-being of both yourself and your property portfolio. How can you find the best property management company for you? One way is to look for a property management company that offers excellent customer service. A property management company understands that every rental property is different and not always similar in terms of quality of life, space, amenities, age of the property, neighborhood, and so forth. Therefore, the property management company you select should have the ability to customize a solution based on the specific property, location, age, quality of life, as well as any other factors you may want to consider. What Does a Property Management Company do differently than an individual Tenant Renter? First, a property management company does all the advertising, collect rents, collect security deposits, take payments, perform repairs and cleanings, update property inventory, perform routine maintenance and repairs, contact your tenants, respond to tenant inquiries, pursue evictions, collect rents, manage vacancies and more. When compared to an individual renter, a property management company offers much more. They will not only handle all the advertising for you, but also work with your tenants to schedule their rent according to your established rules.

2. How Can I Benefit from Using a Indianapolis rental management company? In addition to handling the advertising and managing the property portfolio, your property management company will also handle any issues that may arise. For example, let's say that there is damage to the property caused by Hurricane Sandy. Your property management company will contact your tenants, give them a quote for the damages, and offer to repair the damage for a discounted price. They will also coordinate with the tenant to give them time to get things repaired. What is the Service Level Agreement? A property management company will develop Rental Terms and Conditions (RTCA) that outlines the responsibilities of both the property manager and the tenants. The RTCA outlines the amount of money that the property manager will receive for collecting rent, the amount of money the tenants will pay to the property manager for rent each month, the amount of money that the tenants will pay to the property manager during their rental term, when they will receive their payment and other terms and conditions of the agreement. You as the property manager will sign the agreement and then it becomes legally binding. If either party does not agree to the terms of the agreement or it is illegal for the terms of the agreement to be written, you as a property owner can bring legal action against the other party. Who are the quality tenants a property management company can get? An important part of getting tenants to rent your property is making sure that you get quality tenants. To find good quality tenants, you will need to do some background checks on your potential tenants. Background checks can include things like credit checks, criminal records checks, eviction records and other things. Contact Us: Polaris Property Management, LLC Address: 5455 W 86th St Ste 255, Indianapolis, IN 46268 Phone: 317-870-3249 Email: dan@polarismanage.com