Property owners often hear about property management companies and wonder what they are, in so much as how they benefit a property owner. There are many misconceptions regarding how property managers work and their responsibilities, as well as what sort of properties property management companies can be hired to maintain.

Let’s go over the ins and outs of property management and find out if it’s a service you can benefit from.

What is Property Management? 

Property management means hiring a third party as a property manager to oversee the daily responsibilities of residential, commercial, or industrial properties. Generally, the property manager will ensure the day-to-day repairs, maintenance, and upkeep are taken care of and is usually tasked with caring for investment properties.

What are the Property Manager’s Responsibilities?

The essence of property management is being delegated work that the owner or developer has no time to handle. These responsibilities can range from handling tenants to ensuring the property is properly maintained, specifically, a property manager’s job can include:

• Screening potential tenants
• Signing, drafting and renewing leases 
• Collecting rent from tenants
• Arranging for repairs for the property
• Creating and adhering to property maintenance budgets
• Preparing vacant units
• Advertising the rental property
• Handling lease agreements with tenants
• Rent adjustments
• Supervising property employees
• Handling evictions and move-out processes
• Handling tax for the property
• Ensuring property compliance with the law
• Property record keeping

While this list isn’t exhaustive, it gives a good and rounded impression of what type of responsibilities you can expect property managers to take on. 

Types of Property Management

There are four types of properties that property managers are likely to work and care for:

Residential Real Estate Property

Residential properties can fall to a property management firm usually when it’s a rental space and can include:

• Single-family homes
• Multi-family homes
• Townhouses
• Apartment buildings
• Manufactured homes
• REO properties
• Vacation rentals

Commercial Property

Commercial property is commonly associated with property management companies and can include a wide range of spaces, including:

• Co-working spaces rented by the day or hour, commonly used by freelancers and contractors
• Office properties, such as doctor’s offices or large buildings with multiple offices and levels
• Retail properties, such as malls, restaurants, gas stations, and big-box stores
• Accommodation properties, such as hotels, motels, and resorts. 

Industrial Properties

An industrial property often has more responsibilities for the property managers than the other categories due to the nature of the work performed in these spaces, such as bidding for vendors and compliance with industry codes. Some of the types of properties that fall under property management companies’ purview include:

• Distribution facilities
• Warehouses
• Food packaging plants
• Automative plants
• Steel mills

Special-Use Properties

Special use, or special purpose property, means a property that is designed for a specific use and often translates to property managers needing specific skills to successfully manage them. A special-purpose property includes:

• Schools
• Colleges and universities
• Places of worship
• Resorts
• Sports arenas
• Theaters
• Senior care centers and facilities

Benefits of Having Property Management 

No matter the type of real estate property you own, there are a host of benefits to hiring a property management company, including:

Screening out problem tenants: likely the biggest headache for any real estate owner. Due to a property manager’s experience, they have the insight to see red flags and spot good qualities in a potential tenant, making the screening process more efficient and having better quality tenants long-term.

Decreasing turnover: piggybacking off the first advantage, lower turnover means stable property income and happy tenants. 
Avoiding legal issues: an experience property manager knows the housing and landlord-tenant laws: being able to navigate them while having good relationships with lawyers who specialize in these types of disputes. Some companies will also take care of fees associated with evictions or property damage issues.

Saving money on maintenance and repair: Like being connected with lawyers, an experienced real estate property manager usually works with a maintenance company that due to their professional relationship can benefit from discounted work without losing on quality. They can also stay ahead of repairs by having the time for regular inspections, reducing emergency repair costs.

Property Management For You

Now that you understand what property management is and the common responsibilities they have, along with what type of real estate they handle; do you think you’d benefit from hiring such a company? 

Here at Goodale & Barbieri, we do just this. As one of the largest developers, property managers, and a leading real estate firm, we understand what to look for with tenants and the nuances of managing a property. Since 1937 we’ve handled properties of all sorts and currently over 4 million square feet of commercial property. Discover more about working with experienced experts by following the link below.

To learn more information about this topic, please check out Property Management

Separation anxiety is one of the most common behavior problems reported by pet owners. Dogs with separation anxiety become extremely anxious when their owner leaves or even when they are left alone in general. They often display this behavior through barking, howling, whining, chewing and digging. Separation anxiety can affect any breed of dog and can be triggered by anything from a new pet in the home to moving.

The chemical serotonin is responsible for mood, appetite, sleep and other functions. It works by sending signals between brain cells through serotonin receptors. A hormone responsible for creating serotonin is called TRH (thyrotropin-releasing hormone).

There are many treatment options available to help your dog cope with separation anxiety. These include medication, behavior training and lifestyle changes.

Behavior Training

There are a number of good books available that provide in-depth information on how to train your dog in a step by step manner. Once you have learned how to use positive reinforcement for rewarding good behavior then you can begin the process of teaching your dog how to be calm and quiet when you leave. The books provide step-by-step instructions on the training process including the use of hand signals, timing and duration of reward for desired behavior.

Medication

Anti-depressant drugs can be used to treat anxiety just like they are used for people. Prozac (fluoxetine) is currently the only FDA approved medication specifically for dogs with anxiety issues, but it does not provide immediate relief and other anti-depressants may be prescribed by your veterinarian.

Lifestyle changes

If your dog’s anxiety occurs when you are leaving the house, then it is important to avoid inadvertently rewarding their behavior. This means making sure they don’t get lots of attention or treats before you leave and coming back if they start barking in an attempt to make them stop.

Give Your Dog CBD Oil

Cannabis has been used for centuries to treat mood disorders. The endocannabinoid system in the brain creates cannabis-like neurotransmitters that are responsible for regulating your mood, appetite and pain response. These neurotransmitters can be supplemented with Phytocannabinoids found in hemp oil to help maintain homeostasis within the body or to help treat illness.

This is a complicated chemical process that involves the body’s own endocannabinoid system. It has no psychoactive effects and will not give your dog the munchies, but it does have many potential benefits for both health and behavior problems.

https://www.thedailyworld.com/national-marketplace/best-cbd-oil-for-dogs/ has shown that CBD oil can be effective in treating chronic pain, anxiety and seizures. Cannabidiol oil from hemp has been used for centuries to treat a variety of mood disorders. The human body has an endocannabinoid system and it uses these cannabis-like neurotransmitters to regulate mood, pain response and appetite.

One of the safest and most effective ways to supplement your dog’s diet with CBD oil is through their daily food. This is a great option for dogs that won’t take medicine or react well to being given pills. If you are unable to switch your dog’s diet then it is possible to purchase CBD oil that can be added directly into their food or water.

It is important to consider the correct dosage of CBD oil for your dog before adding it to their diet. Talk to a health care professional who has experience giving dogs hemp supplements and they will be able to tell you how much CBD oil would be appropriate for your dog’s size and weight.

Conclusion

Whichever treatment option you choose to help your dog cope with separation anxiety it is important that you never punish them for exhibiting anxious behavior. This will only make the problem worse and could cause them to start acting out in an aggressive manner.