Owning rental property is a huge commitment and incorporates many different responsibilities. Without a property manager, you will need an extensive skill set and the ability to make yourself available whenever the need arises.
Here are some answers to frequently asked questions about property management:
1. What should I expect from a property manager?
A property manager is responsible for finding and qualifying tenants, rent collection, lease administration, dispute resolution, and coordination or performance of any maintenance requirements. Every property manager offers different services, so it is important to outline what your property manager is willing to do in the management agreement.
2. Why do I need a property manager?
You will need some form of help, unless you can afford to make managing your property your number one priority. Units will need to be rented quickly to prevent a loss of revenue, and repairs will need to be made as soon as possible to keep tenants happy. You will need a property manager if you can’t be 100% flexible with your time.
3. What will Coreo Real Estate do as my property manager?
Coreo will handle the entire rental process from marketing your rental on our high-ranking website to conducting tenant surveys to strengthen tenant relationships and identify any potential problems. We will handle all disputes, fill all empty units, make any necessary repairs, and do anything necessary to ensure the success and profitability of your property.
Coreo currently manages several properties in The Pearl Qatar and select projects across Doha.