Consumers require residential property management services for a variety of reasons. Some buy rental properties and need management of the property. Other consumers will be absent from their homes for an extended period. Even if you leave for a three-week vacation, someone should be looking after your home for you. 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. They are very excited about getting away. Many do not give a seconds thought about looking after their home. Many insurance companies have specific requirements about vacant homes. The requirements depends on the company, the time of year, where you live and your heating system. They may want checks on your home every day. Call your residential insurance company to confirm your requirements to maintain insurance on your home. Even condominium owners need to do this.

Temporary Absence Management

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

Extended Absence

If you are going to be away for a long period of time, it is important to arrange for residential property management services. They will check for water leaks, heating system malfunction, complete landscape management, snow removal and even water the plants. Consumers can arrange for all of the services they need. They can leave with confidence that their home is looked after.

Rental Residential Property Management Services

Many consumers purchase rental properties as investments. Some consumers will manage their own properties. Others do not want to deal with tenants or some of the problems that arise. This is where residential property management services can put your mind at ease. Some of the services that are 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. This area of services may include the following depending on the building type:

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

Summary

Regardless of the residential property management services that are required, there is a property management solution. Make a list of the services that will be needed for your situation. Decide the time frame involved. Call your insurance company to confirm their minimum requirements. Make sure that you will receive appropriate documentation from the residential property management company if you will need it to make an insurance claim.

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