​What We Do

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We handle day-to-day operations, maintenance, and administration of property rentals for an owner. Our work, among many other tasks, includes marketing rentals and finding renters, ensuring rental rates are competitive while covering taxes and overhead, collecting rent, and complying with rental laws.

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What Is a Property Manager?

We specialize in ensuring a rental is being operated according to the guidance given by the owner—whether the goals be financial or based on providing attractive living conditions, or both. Guidance can take different forms—corporate property owners may issue mission and vision statements for their properties, while individual owners may give verbal guidance on their goals for the property.

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We make sure that responsible tenants occupy the property, payments are received on time, budgets are followed, and the rental is maintained properly.

 

How Does Property Management Work?

Panacea handle everything that occurs daily in a rental property. We have extensive  knowledge of the real estate industry to ensure that the owner's goals are met by managing rent, tenants, maintenance, budgets, and rental property records.  We screen tenants, handle rental deposits, terminate leases, conduct evictions, and comply with property safety standards.

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Screening Tenants

Screening and managing tenants is our core responsibility. We pride ourselves on finding and screening prospective tenants, managing daily complaints and maintenance issues, and handing tenant move-outs and evictions.  We keep the property in safe and habitable condition and are responsible for the physical management of the property, including regular maintenance and emergency repairs. Work done by contractors and other repairmen must be inspected to make sure it is up to our standards and that they are completing work on time.

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Managing the Budget

At Panacea, we manage the budget for the building and for maintaining all important records. We operate within the set budget for the building.

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We have exceptional staff who are well versed in accepted accounting practices to ensure accurate bookkeeping for income, tax, and investment purposes. Thorough records regarding the property are important for accounting and tax purposes.

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We keep records for all income and expenses; a list of inspections, signed leases, maintenance requests, complaints, records of repairs, costs of repairs, maintenance costs, and a record of rent collection and insurance costs.

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