Whether you're renting out your home or several properties, getting a reliable property manager on board can save you time, stress, and money in the long run. You’ll trust this person to deal with your tenants, make repairs, and collect rent. However, how do you tell them apart when most of them claim to offer the same services? Here is how.
The best way to find a reputable property manager is to request references. Your circle of friends, neighbors, your relatives, real estate agents or property owners in your area can all be good sources of information. Get deeper information by asking questions such as how long the referred asset manager has been in operation. Their experience can tell something about their expertise.
Perform Your Own Research
Interviewing professionals is not only time consuming, but also give answers that may favor property managers. Thus, conduct a research to top up your information. This will help to trim down your list for better choices. You can do this by looking for company reviews from online sources and social media platforms like Facebook. Besides, a majority of property managers maintains their fan pages where you can see client reactions about their services.
Interview Property Managers
Here are a few questions you can ask:
- How do they screen potential tenants?
- What type of sign do they put in front of the asset?
- Do they advertise on websites, newspapers, magazines, or social media?
- How many vacancies does each have?
- How do they liaise with tenants about potential repairs and property maintenance
- What do they do when a tenant is in rental arrears or in breach of the lease?