Owning a rental home comes with a long list of tasks, from advertising to repairs. A property management company can take on some or all of that work. This article explains, in general terms, what those services often include.
Marketing and showings
A manager may prepare listings, post them on rental sites, answer inquiries and schedule showings.
Applicant screening
Many managers review applications using a consistent written policy that follows fair-housing and other applicable laws, and apply the same steps to every applicant.
Lease signing
A manager can coordinate lease signings and renewals using lease forms the owner and manager have agreed on.
Rent collection
Online rent collection lets residents pay electronically, and the manager can track payments and follow up on late rent according to the lease.
Maintenance coordination
A manager can take maintenance requests, coordinate vendors and keep records of the work. Seasonal items, such as winterizing, are part of this in the Bozeman area.
Monthly owner statements
Owners typically receive regular statements showing rent received and expenses paid.
Is it right for you?
Some owners prefer to handle everything themselves; others want help with part or all of the work. The right choice depends on your time, location and preferences.
How a property manager can help
Depending on the owner’s needs, a property manager’s services can include any combination of the tasks above.
Ironhorse Management has worked with Gallatin Valley owners since 1979. Learn more about our rental property management in Bozeman, or if you would like to talk through your rental, contact our team or call (406) 586-4933, Monday through Friday, 10am to 4pm.
Please note: This article is for general informational purposes only and is not legal, financial or tax advice. Every property and situation is unique. It’s wise to consult an attorney and/or CPA for legal or financial matters, and to review your lease, Montana law and other appropriate resources before making decisions, rather than relying only on this article.