New Castle Management Group LLC

WHAT A PROPERTY MANAGEMENT COMPANY DOES Manage Legal & Taxes: Lease agreements, renting, building upkeep, and staying within federal and state regulations are all part of the job for a property management company. He or she will also manage the paying of taxes and bills for the property. The manager should have good legal knowledge about property and tenancy laws for preparing deal papers, and the expertise to include suitable clauses and take appropriate legal action against a tenant if any agreements are violated.

WHAT A PROPERTY MANAGEMENT COMPANY DOES Manage Property Promotions: property management companies can advertise through newspapers, the Internet, and more, to find suitable tenants for vacant units. This process includes showing the potential tenants around the property, receiving and processing applications, screening and running credit checks, and choosing the most qualified tenants. In addition, the property management company should research the area to ensure an appropriate rate is being sought for rent. Getting an owner premium rentals for the least expenses is one way to really maximize their returns.

WHAT A PROPERTY MANAGEMENT COMPANY DOES Manage Finances: Investors can get good returns provided that they stay within their budgets. A property management company should have good money management and bookkeeping skills to help budget for the various expenses that come along with maintaining a building, repairs, taxes and advertising

Having a good property management company on your side goes a long way in ensuring easy, profitable and stress-free investing. It can bring you hassle-free rentals and maintenance, while optimizing your cash flow and return on investment.