How To Select a Property Management Company

Selecting your property manager is a big decision. If you fail to select the right property management company, there’s a chance that you’re in for a lot of trouble. Although a property management firm should assist you in managing your property and earning you revenues, there are numerous instances of frauds reported throughout the year. You surely don’t want to be a victim of such instances. Therefore, to ensure you select a trustworthy residential property management company, here are a few tips to consider.

Search Online

Search online for property management companies. You will find a large list of property management companies, however, you cannot go through them all. So, view the reviews for these property management companies on Facebook, Yelp, and Google My Business. This will save you time and plus, it will help you filter the best possible options – instead of going through all options. It’s also a good idea to go through their website for more information and clarity.

Get Referrals

One of the best ways to select a property management company is to get referrals through the word of mouth. If you know anyone in the local area who has let out properties, ask him about his property manager. You can ask real estate agents and other property owners to help you identify some good property management firms. Also, ask them about their experience with these firms. At times, some property management firms will provide customer references. Listen carefully to the reviews of services that you are looking for. Referrals can be biased and hence, it makes sense to get as many referrals as possible.

Check Their Work

Look at the properties they are managing. Are the properties in good condition? How long have they been in this business? How many properties do they manage? When it comes to the number of properties they manage, a low count doesn’t mean they are bad property managers. Some of them may be new in this business but they may be professional in their work. Also, if they have a few properties to look after, it means they will have more time for your needs. Talk to the tenants and ask whether the property management firm is able to fulfill their obligations such as fixing plumbing problems, carrying out spring maintenance, etc.

Talk to Multiple Firms

When you talk to multiple firms, you can compare who would offer better services. Also, the way they treat or talk to you can help you know whether they are professional in their approach or not. For example, if they keep you waiting for several minutes, then it’s best that you do not waste your time interviewing them. You cannot expect them to perform their duties on time when initially they take you for granted. Additionally, when interviewing, ask questions on the services, the fees, the laws of the land, etc.
Check your property management firm’s license and certification before you hire them. Moreover, examine your agreement to make certain that all the necessary services are provided, and their responsibilities and roles are listed in it. Following these tips will certainly help you select a residential property manager who will carry out his duties meticulously.