There are multiple things that play into a Property Management Company. Whether you are looking into a Property Management Company to turn over one of your properties to rent out or even becoming a tenant, knowing who you’ll be interacting with is a huge factor.
Looking for a good Management Company is like the process of hiring the right employee for your business. You’re looking for someone to be the face to what people are going to see, interact with, and hopefully come to like throughout your day to day routines.
Below are a few things to look for when looking into a Property Management Company to fulfill your needs.
How diverse is their background?
When interviewing your potential employees, one of the major qualities you look for is experience within the field which they are applying for. How well have they performed within these past experiences in similar fields? This is where you rely on Letters of Recommendations, references, and in our case reviews. When looking into the team you’re wanting to work with look at their reviews to see how they have helped others enjoy their experiences. See if their tenants had any worries when it came to paying rent, or owners with communication. Reviews play a huge role in learning about the team you’re looking into.
How reliable are they?
You want a management that you as an owner can look forward to interacting with and feel that you can rely on them when it comes to maintenance and getting things done in a timely manner to satisfy the tenants who will be in your home. Nothing is more stressful than having to pay a management company that isn’t doing what they told you they would do. If you are constantly being reminded that your tenants need something day after day, what’s the point of turning your home over to a Property Management Company? A good Property Management team will be reliable in doing what they said they would do, such as properly screening applicants and tenants, conducting annual inspections, responding to tenants promptly when they have a maintenance request, and better yet, to make you as an owner stress free.
Do they have good work ethic?
There are many businesses out there who say one thing and DO another. If becoming an owner of a home that you want to turn over to them to rent out, don’t be afraid to ask and observe the team you’ll be working with. They may be seeing if you’re a good fit to be an owner for them, but you also have the right to be sure that you aren’t getting yourself into a situation you wish you hadn’t. Work ethic and persistence says a lot about people. You don’t want to be turning your home over to a team who are lazy and unwilling.
These 3 things are key qualities to always keep an eye out for when it comes to finding the perfect fit. When you do find what you’re looking for the search will be worth it. If you are looking to become a tenant or owner contact us, and we would be more than happy to get you started!