Finding a company that is a good fit for you is also important so you can work with them comfortably. Your property management company is an important part of your property investing team. To make the most of your investment properties, you should be able to get the right people on board. Here are some tips on properly vetting a property management company before you hire one.
Ask for References
One of the first things you should do when researching a property management company is to speak with current or former clients. Asking other property owners who have worked with that particular property management company about their experiences will help you get a feel of how it will be like to work with them.
Check Qualifications
You must also look into any property management company’s qualifications and credentials. Ask for the property manager’s background and experience and check if they have correct and current licenses. As states have different requirements for certification, it is important to know exactly what you are getting yourself into.
Ask Questions
On top of asking about the Summerville manager’s references and experience, there are many other questions you should ask them. The time to ask questions is before you hire a property management company, not after! Make sure you have the answers to this list of questions before finalizing any management agreement.
For instance, you will want to know the property management company’s track record, the number of clients they have, and how they communicate and interact with you and your tenants.
This is also the time to ask detailed questions about their fee structure and contract:
- Are their fees listed and transparent?
- How will they help in preparing and marketing your property for your tenants?
- How will they handle property maintenance and repair requests?
Good tenant relations are very important if you want to have a profitable rental property, so you should know how they screen tenants and what they usually do to ensure that your tenants are treated well and respectfully. It is also good to know what technology is available to you with each property management company as technology can make owning rental properties easier and more efficient, from collecting rent to running reports.
A property management company should also be able to provide good and timely information on your rental properties so you can make future decisions about your investments. The best property management companies can even help you optimize your cash flows, locate new rental properties to buy, and much more.
Finally, it is important to choose a property management company that can offer both the advantages of a big national company while also giving you personalized attention and much-needed local market expertise. If you want true quality in your property management experience, contact Real Property Management Charleston. We offer a full range of high-quality services to property investors and owners like you. Contact us online or call at 843-900-4061.