Property Management
A West Virginia real estate investor who hires a property management company should expect the management company to provide, at minimum:
AGuaranteed rent payments regardless of tenant payment
BTenant screening, lease administration, rent collection, maintenance coordination, and periodic financial reporting✓ Correct
CGuaranteed occupancy and appreciation of the property
DLegal representation in all eviction proceedings at no additional cost
Explanation
A professional property management company typically provides tenant screening, lease preparation, rent collection, maintenance coordination, and financial reporting. Additional services (such as legal representation) are usually separate.
Related West Virginia Property Management Questions
- In West Virginia, the right of a property manager to hire contractors for building maintenance on behalf of the owner is an example of which type of authority?
- A West Virginia property manager who collects rents must:
- A West Virginia property manager receives a maintenance request from a tenant for a broken heating system in January. The manager should:
- Under the West Virginia Landlord-Tenant Act, a landlord must return a tenant's security deposit within how many days after the lease terminates?
- A West Virginia landlord wants to raise rent on a month-to-month tenant. The landlord must provide:
- A West Virginia property manager uses a triple-net (NNN) lease for a commercial tenant. Under this arrangement, the tenant pays:
- In West Virginia, a tenant who receives a WRIT of possession order from the court must vacate the property within:
- A gross lease used in commercial property management in West Virginia typically means:
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