Some home owners get unclear about what their property manager does when they hire them. It's probably much easier to define what we can't, or shouldn't do. After managing rentals for thirty years we now have designed a short list of things that you must never ask your property manager to perform for you personally.
Make your home loan repayments
No one should build your mortgage payment in your case. The consequences of not which makes them on a timely basis might be catastrophic. Your mortgage might go into default, your credit can be affected and also you risk losing the house in a foreclosure if your payment isn't kept current. Never trust another to build your mortgage payments for you personally especially your busy property manager.
Pay your home taxes
You will not want your property manager in charge of paying your house taxes. Owners must have the county mail tax bills directly to them for payment. http://www.masonre.com.au/ to cover them will surely have serious consequences and may stop passed to some property manager. If you get a tax bill and need it to exhibit high on your monthly owners report for tax purposes mail it for many years as well as a check such as the expect property managers to obtain the goverment tax bill and pay it.
Maintain your landlord insurance and umbrella policy
If premiums are not paid the effects might be disastrous. You should be in direct control of your insurance coverage and premium payment. This is too crucial that you pass off to your house manager.
Track and pay your Home Owner Association dues
If you don't pay your dues, you could be fined, accrue attorney fees, and get a lien put on your house. You needs to have your HOA mail everything straight away to you and also pay your HOA dues straight to them. Also, HOA's don't respond well to any other companies like property managers. They want a direct line to the owner regarding violations, assessments, amendments and community problems. You must remain in the loop, receive their communications, and get these to your coworkers to handle. As much as you desire to pass this to your house manager there's too much at risk.
Contact using your home (builder) warranties
Warranty companies don't respond well to any other companies like property managers and tenants. They made offers to you, not us, and quite often we need your help getting these phones respond. Also, they usually are not great at giving an answer to emergencies. Property managers need good tone muscles while using warranty company once they have an issue.
Turning the utilities on and off
Utility companies are making it more and more difficult for organizations (management companies) to make utilities on for another person. Utility companies want the owner of the property to put together the account, pay the deposits and monthly bills when the property is vacant. Also, when property managers have multiple properties active using the same utility, the utility companies consistently misapplies deposits, charges and refunds. We are constantly fighting them (as well as the owner) over incorrect account records.
The solution: turn them on within your name throughout the vacancy. It only happens every couple of years so it is not time-consuming.
Note: Utility companies will not allow any other companies to put together "continuous service" preventing utilities from ever turn off. Only the owner are able to do this. Set up continuous service one time and forget regarding it forever.
You ought not let your house manager manage everything. Some issues simply have to stay underneath the owner's control for his or her protection.
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