So you have decided that you need to hire a property manager, but where do you start? The first port of call would be to Google property managers in your area and select a shortlist based on what you find. Look at their websites, contact them, either by phone or email and make an appointment. Not all property managers are created equal so if you have a bad feeling about one, trust your instincts.
Once you have shortlisted 2 or 3 of the best, make a list of questions you want to ask them. Ask them things like:
How long have you been in business? Long-term, established property management companies will be more appealing than someone who has just set up shop.
How many properties are you managing? Will they have enough time to manage your property effectively. If they are a large company, they may limit how many properties each person will handle.
How long does it usually take them to fill a vacancy? Where do they advertise your property?
How do they screen potential tenants? Do they always look at credit records? Do they phone previous landlords and the tenant’s current employer?
How do they collect rent? Do they have a drop off box, collect it in person or is it all online?
What are the costs? Do they charge a flat rate or a percentage of the rent.
How do they handle maintenance issues? Do you have to approve everything first or do they go ahead and make minor repairs as needed.
How often do they carry out inspections? Regular inspections are essential to a well-maintained rental so make sure your property manager is keeping records of these.
If you are looking for a property manager, contact us to see how we may help you.