Although many people choose to manage their rental properties themselves, it is a long and very time-consuming commitment.
Frequently Asked Questions
Do you have questions about property management companies and services? Coakley Realty, one of Montgomery County’s top realtors, has the answers you’re looking for! Check out our list of frequently asked questions, and contact us today if your question isn’t listed below.
Why not manage my property myself?
How do you select a qualified tenant for my property?
This is one of the most important aspects of property management, and we take the tenant selection process very seriously to ensure only the most trustworthy and responsible people are in your rental property.
When I have a property manager, do I still have to pay for property repairs and maintenance?
In short, yes. You will be required to pay for all property repairs and maintenance; however, when you select a qualified property manager like Coakley Realty, we will schedule all needed repairs with one of our trusted maintenance companies.
Why should I choose Coakley Realty as my property management company?
Our property managers have the most extensive and thorough experience in the area. For over 23 years, homeowners and investors have trusted us with their properties in Maryland and Washington, DC.
How much can I charge for rent?
When you decide to rent your home or investment property, you want to make the most amount of money without having lengthy vacancy periods. But there are a lot of factors that go into determining how much you can charge for rent.
Should I furnish my rental property?
One of the decisions you have to make when deciding to rent your home or investment property is whether or not to have it furnished. There are a number of factors that go into whether or not a furnished rental home can be considered an option.
What property management laws do I need to know?
When managing property, you must comply with state and federal laws regarding discrimination, property damage, tenant welfare and eviction.
What should be included in a lease?
When managing property, you have to decide whether to offer a lease or a rental agreement, in addition to deciding what terms to include in your lease or rental agreement.
How do I prepare my property for tenants?
How to get a house ready to rent isn’t always as easy as it sounds. There is a lot that needs to be taken care of before a home or investment property is ready for tenants.
Should I have a pet friendly rental home?
Deciding whether or not to allow pets in your property can be a tough decision. There are pros and cons to having a pet-friendly rental home, which can cause the profit to increase or decrease.
What should I know about living in a historic home?
Owners are expected to maintain the historical significance of the property and must receive approval through special permits before making any improvements. We’ve found in many cases there are strict rehabilitation guidelines, which may allow the homeowner to repair, but not rebuild or replace existing or previously-existing parts of the property.
Will a historic home cost less than a newer home?
There are often tax credits and low-interest loans offered for preserving and restoring historic buildings, properties, and homes. It can help to work with a real estate company that has experience with historic properties—that way, you can rest assured you’re getting the best results possible.
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