What You Need to Know About Residential Property Management

A residential Property Management Dundee company oversees rental properties like apartments, condos, and townhouses. They are responsible for dealing with tenant complaints and queries as well as enforcing lease agreements. They also have the skills to market your units and get them ready for new tenants. Long vacancy periods can hurt profits, so they will have effective marketing playbooks to get your properties rented quickly. Legal Requirements Residential property management rules and regulations protect the rights of tenants and owners and ensure a fair rental process. It's important to familiarize yourself with these laws so that you can ensure that your operations are aligned with them. You'll also need to determine how you're going to structure your business for tax purposes. Many property managers choose to file as an LLC, but S- and C-corps are strong contenders, too. Choosing the right legal entity is critical so that you can ensure your personal assets are p...