Not all property management companies are created equal, and there are a lot of companies to choose from. How do you know which one is the right fit? Each boasts different strengths and skill sets, but there are a few key considerations when selecting a partner to manage your investment. As a local company, we prioritize our relationship with owners, tenants, and the community to consistently be both professional and personal, while securing peace of mind for all parties.
A recent article describes three key qualities to look for in a property management company that we are proud to align with:
Without trust, the business relationship just won't work. "It's [...] important to ask to speak with current and former clients to get a better understanding of the transparency of the organization." Take the time to get to know your property manager in person before taking the leap.
Maintenance can be one of the biggest expense that a property owner will encounter - "it's also the biggest potential pitfall if mismanaged." Finding a property manager with a solid understanding of the construction industry and and one who can support general maintenance needs in short order can save time and money.
Be weary of side businesses. When looking for a good fit, find a property manager who is all in. "Real estate agents, brokers, and even contractors will often attempt to add a property management practice to their core business model. [...] If If a company is not exclusively focused on managing rental property, then they likely will not be the best option for you to hire."
For access to the full article, click here.
Published on 6/12/2019 (4 years 115 days ago) Blog