Consumers require residential property management services for a variety of reasons. As a result some buy rental properties and need need someone to look after the property. Other consumers will be absent from their homes for a long period traveling. Look after your home. We will review these issues and others in the following post.

Residential Property Insurance Requirements

Many homeowners just close their doors and leave for their vacation. Many are very excited about getting away. They do not give a seconds thought about looking after their home. Many insurance companies have specific requirements about vacant homes. These requirements depend on the company, the time of year, where you live and your heating system. Your insurance company may want someone to check your home every day. Call your residential insurance company to confirm their requirements to maintain insurance on your home. Also condominium owners need to do this.

Temporary Absence Management

Many residential property management services companies will offer services to home owners in this situation. Management companies can check your home for water leaks, power outages, heating system failures and break-ins. Always have them check your home and report back to you after every visit. The report will be especially useful if you need to make a claim to your insurance company. They want to know that someone is checking your home for all potential emergency conditions.

Extended Absence

Arrange for residential property management services if you are leaving for an extended period. They will check for water leaks and heating system malfunction. For example they may also provide landscape management, snow removal and even water the plants. In other words consumers can arrange for all of the services they need. Therefore they can leave their home with confidence.

Rental Residential Property Management Services

Many consumers purchase rental properties as investments. Some consumers will manage their own properties. However others do not want to deal with tenants or some of the problems that arise. In other words residential property management services can put your mind at ease. For example services included are:

  • Tenant selection and approval
  • Rent check collection
  • Deposit to bank accounts
  • Property management services
  • Property repairs
  • Regular monthly reporting

Property management covers all of the things that most consumers take for granted about maintaining a home. In addition this area of services may include the following depending on the building type:

  • Cutting the lawn
  • Hedges and shrub maintenance
  • Maintain watering system and watering the lawn
  • Routine repairs to appliances
  • Painting and cleaning after tenants leave
  • Management of special projects e.g. window replacement etc.

Summary

There is a property management solution for all situations. To clarify, decide how much time you will need a property manager. Subsequently give your insurance company a call to confirm their minimum requirements. After calling your insurance company call the management company. In addition make sure that you will receive appropriate documentation from the residential property management company. After that if you have to file a claim you will need these documents to make an insurance claim.

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