"Leasing Only" property management services are designed specifically for property owners who need assistance with finding and securing tenants for their rental properties but prefer to handle the ongoing management themselves. These services are typically provided by real estate professionals or property management companies and focus on the initial stages of the rental process. Here are the key components of "Leasing Only" services:
Property Marketing:
Advertising: Listing the property on various rental platforms, websites, and local advertising channels.
Photography and Descriptions: Taking high-quality photos and writing detailed descriptions to attract potential tenants.
Tenant Screening:
Applications: Providing and processing rental applications.
Background Checks: Conducting credit checks, criminal background checks, and employment verification.
Reference Checks: Contacting previous landlords and references to assess tenant reliability.
Property Showings:
Scheduling and Conducting Tours: Arranging and conducting property viewings for prospective tenants.
Providing Information: Answering questions and providing information about the property and lease terms.
Lease Preparation:
Lease Drafting: Preparing lease agreements that comply with local laws and regulations.
Negotiations: Handling negotiations with tenants regarding lease terms and conditions.
Move-In Coordination:
Inspections: Conducting a move-in inspection to document the property's condition.
Key Handover: Coordinating the handover of keys and any necessary documentation.
Legal Compliance:
Adherence to Laws: Ensuring all leasing activities comply with local, state, and federal regulations, including fair housing laws.
Security Deposits: Managing the collection and proper handling of security deposits in accordance with legal requirements.
The primary benefit of "Leasing Only" services is that property owners receive professional assistance with the most challenging and time-consuming aspects of renting out their property, while retaining control over the day-to-day management and interactions with tenants. This can be an ideal solution for owners who are comfortable managing maintenance and tenant relations but want to ensure they start with a reliable and thoroughly vetted tenant.
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