Stephen J. Izzi owns and operates Square Foot Real Estate Management, LLC. Stephen J. Izzi’s company provides property management and associated services to clients with commercial and residential real estate holdings in New Jersey and Pennsylvania.
Property management firms can be beneficial to property owners and landlords on several levels. First, they allow a buffer between these entities and tenants. In the event that a tenant fails to pay rent or needs to be evicted, management companies are responsible for ameliorating the situation for the owner or landlord.
Ease of operation is another reason to hire a property manager. Limited time or a large volume of rental units can create an overwhelming workload, and owners or landlords may turn to a property management service for assistance. Property managers also may take on responsibilities like screening applicants for occupancy, pursuing remediation in regard to repair costs that tenants are responsible for paying, and maintaining tax and legal records.