Mortgage Foreclosures Leading To Higher Demand For Property Management Companies
Homeowners Associations are having a hard time collecting their dues and are using Property Management companies to collect dues and initiate legal proceedings against defaulting homeowners. Property Management Companies can keep the properties well maintained and professionally managed, which helps maintain property prices during a recession. Foreclosed properties have a tendency to get run-down and lose value quickly, otherwise.
William Douglas, owner of WM Douglas Property Management at http://www.wmdouglas.com , recently elaborated on the mortgage foreclosure solution by adding, “During a recession, renters and buyers both look for properties that are well maintained and managed. The research shows they are willing to pay an average of 4-8% higher rents and sale prices for well-managed properties. Effective property management is a great way to maintain property prices during recession.”
WM Douglas Property Management at http://www.wmdouglas.com has prospered in good times and bad because of their expertise in maintaining and managing homeowners associations and residential or commercial condominium properties. They have been in the business since 1980 in the North Carolina and South Carolina markets.
They can handle everything from the legal, financial and recordkeeping end of the business to contracting for maintenance and repairs, sending billing notices and assisting the Board in drafting budgets for operating and capital expenditures. This can be important when it comes to Associations that are comprised of a number of individuals that may or may not know all the legal boundaries or financial requirements.
The other security the WM Douglas Property Management Company offers is maintaining the property values, while giving the residents immediate attention to their maintenance issues, landscaping issues and also offers them convenient, online payment options, when paying their fees or dues.
In hard economic times, it is better to have a professional manage and maintain multiple owner properties, and even those that are developments where only part of the condominiums or homes are sold can be assisted greatly with a professional property management company, like WM Douglas Property Management Company. When you have mortgage foreclosures in a subdivision or development, there is a lot of legal paperwork involved with reselling and dealing with new owners that they can handle for an Association. For more information on professional management services, visit http://www.wmdouglas.com .
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