How to choose the right residential property management company

The Top 4 Benefits of Hiring a Property Management Company | by Dan Jacob |  Medium

Finding the right people to have on your team is a tough challenge in any area and property management, it can be even harder! These are the people that will represent you to your tenants, deal with issues in your absence, and take care of your investment. You want people who are tough, able, and enthusiastic about their job.
As you’re on the hunt for a great residential management company there are a few things you want to look for!

Always Get Referrals

While you may want to give a friend a chance as your new residential property manager, odds are they don’t have much in the way of experience. Referrals and references from others who have hired your potential residential property manager help you weed out those who won’t work on your team. This can take some time to hunt down referrals and references but it’s worth it to protect your investment!

Meet in Person

There are a lot of things you can do over the phone but when it comes to a residential property manager, you want to make sure they give a good first impression. This is the best place to put yourself in perspective tenants’ shoes and ask if you’d enjoy renting from this manager. They should be well-put-together and give off a comforting feeling for those tenants who will be coming to your property.

How Do They Handle Advertising and Vacancies

Vacancies are bound to happen now and then and your property manager will need to make sure those spots are filled and filled quickly. Asking and talking through how they handle empty houses and how they will advertise those open spots speaks to their management style. They should also let you know how long it will take on average to place a new tenant and how many vacancies they have currently.

Accessibility

Tenants are going to want to be able to get a hold of your property manager and you can quickly establish their accessibility by the amount of contact information they provide to you. Ask yourself if you’re able to quickly get a hold of them via phone or email and if your tenants will be able to do the same. You’ll also want to take time to review their tenant lease agreement and make sure that it’s accessible and fair before enacting it for new tenants!

Takeaway

Your residential property manager is your eyes and ears with each of your rental properties! Taking the time to carefully and investigate not just their methods but their personality helps you find the best person to fill the role. Your new residential property manager should be accessible, handle vacancies and advertising well, and be able to engage not just with you as the owner but with tenants.

While you’re out building your business you want to make sure your rental property is safe and secure. A quality residential property manager can feel hard to find but with a few key questions and face-to-face interactions, you can find the right person for your team. VisitĀ Local Dwelling for more information on residential property management services.

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