Blog with the Condo 1's New Agent

Friday, January 15, 2010

Property Management of Condominiums in Northern Virginia

Thinking about having your property professionally managed?

Owners, when you decide to rent out a property, one question that NEEDS to come to mind is, do I manage it myself, or do I hire a professional management company?

Here are so pros of having a management company professionally manage your company:
  • Professional companies know all the rules and regulations of leasing, tenant's rights, owner's rights, etc.
  • Option for company to pay all owner expenses such as condo fees, real estate taxes, mortgage payments
  • Provides detailed monthly income and expense statements
  • Coordination of necessary maintenance
  • Contains strong relationships with contractors, painters, etc. to insure reliability and low prices
  • Coordination of unit reconditioning between tenants such as cleaning, painting, etc.
  • Detailed knowledge of buildings each property is in
  • Terrific for owners who are not local
  • Ideal for owners who have multiple properties
  • Deals with all types of tenant requests (as small as fixing a door handle, to replacing a dishwasher, etc.)

Most large companies charge 10% of rent for their services. But, because Condo 1, Inc. is local and has such a specialized niche of Northern Arlington Condominiums, our overhead costs decrease dramatically, which allow us to only charge 7%.Want to know more about property management? Check out Condo 1, Inc.'s brochure on our website!

http://www.condo1.com/property-management.html

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