Hiring a property manager can be stressful, but finding the best fit for your property is like a huge weight has been lifted off your shoulders. Property managers are a great option if you have a large number of units or you just don’t have the time to visit frequently enough. Here are some ways to help you find the perfect property manager.
Hiring a property manager is supposed to make your life easier so you want to avoid any problems as much as possible. After you have hired a property manager you will need to clearly outline their responsibilities. Identify what tasks are theirs and what you will take care of yourself as the owner. Determine how often they will visit the property and what routine tasks will need to get done like painting or installing new lights. Signing a management agreement will help to have everything on paper and minimize any problems, the same as a lease does with your tenants.
Take a Tour
Once you have a list of potential hires, you should go to see properties that they currently run to see what they look like and how well they are being taken care of. People can speak a big game, but actually seeing their work first hand will give you an accurate picture.
Ask the Right Questions
When you’re interviewing a potential property manager make sure to ask important questions like how many units they currently manage and how long they have been a property manager and what their schedule is like. If your prospective hire is currently managing many properties or is rather new to the job, they might not be able to manage your property to your standards. Simply talking with them will hopefully give you an idea of what kind of property manager they are and whether or not you will work well together.
A big topic that you should discuss when meeting with prospective property managers is how they handle maintenance requests. One of the main reasons to hire a property manager related. Make sure to review their typical procedure and how they allocate money to these repairs.
Where to Search
Online searches are extremely convenient and there are great resources like All Property Management to help you find local property managers. Online searches are a great way to find potential property managers, but word of mouth is also extremely effective. Talk to any other landlords you know in your area and see if they have any recommendations. Getting a recommendation from someone you trust will help alleviate any concerns you may have about putting your property in the hands of a stranger.