Property Management FAQs
1. What is property management?
Property management is the management of real estate properties, including commercial and residential properties. We, the Kagan Johnston Group at Go Global Realty, provide property management services, overseeing properties on behalf of owners and ensuring they are well-maintained while managing tenant relations.
2. Why do I need the Kagan Johnston Group at Go Global Realty for property management?
Hiring us for property management can save you time and effort, as we handle tasks such as tenant screening, rent collection, property maintenance, and legal compliance.
3. How much does property management with the Kagan Johnston Group at Go Global Realty cost?
The cost of property management with us varies depending on the services provided. Typically, property management companies charge a percentage of the monthly rent or a flat fee.
4. What services do we offer?
We offer a range of property management services, including tenant screening, rent collection, property maintenance, lease agreements, legal compliance, and accounting.
5. How do we screen potential tenants?
We screen potential tenants by conducting credit checks, background checks, employment verification, and rental history checks.
6. How do we handle rent collection?
We handle rent collection by setting up an online rent payment system, sending reminders to tenants, and following up with late payments.
7. How do we handle maintenance requests?
We handle maintenance requests by having an online system where tenants can submit requests, and we follow up with our trusted vendors to complete the work as soon as possible.
8. Do we offer 24/7 maintenance services?
Yes, we offer 24/7 maintenance services for emergency situations.
9. How often do we conduct property inspections?
We conduct property inspections once a year, upon move in of the tenant as well as upon move out, with additional inspections as needed.
10. How do we handle evictions?
We handle evictions in compliance with local laws and regulations, working with legal counsel to ensure a smooth process.
11. How do we handle tenant disputes?
We handle tenant disputes by listening to both parties and working towards a mutually beneficial solution. If necessary, we involve legal counsel.
12. Can we help you find new properties to invest in?
Yes, we can help you find new properties to invest in, and provide market analysis and rental projections.
13. How do we ensure your property complies with local regulations?
We stay up-to-date with local regulations and ensure that your property complies with all applicable laws.
14. Can we help you set rental rates for your property?
Yes, we can provide market analysis and rental projections to help you set competitive rental rates.
15. How do we market your property for rent?
We market your property for rent through online listings, signage, and professional photography.
16. How do we handle lease agreements?
We handle lease agreements by ensuring that they comply with local laws and regulations, and we work with tenants to negotiate lease terms that work for both parties.
17. How do we handle security deposits?
We handle security deposits by following all legal requirements, including storing them in an escrow account and returning them to tenants in a timely manner.
18. How do we handle accounting and financial reporting?
We handle accounting and financial reporting by providing regular statements to owners and ensuring that all financial records are accurate and up-to-date.
19. Do we have a tenant portal for renters to use?
Yes, we have a tenant portal that allows renters to submit maintenance requests, pay rent online, and communicate with us.