If you have several properties that you manage or have decided you want to invest in property there is a whole host of activities to manage. If you are trying to manage everything yourself such as arranging property viewings, arranging house maintenance activities then this can become very difficult, so why not consider the option of getting a property management agency to do all the hard work for you.
Just like any business, there are ones that provide good service and bad service. Property management companies are there to help spare you headaches, not cause them. Choose the best property management company by using the following criteria:
Require recommendations
The property management company in question should provide references of happy landlord customers. Require property management companies to provide 2-3 recommendations of landlords that work with them.
You can also ask other landlords that you know who they?ve worked with in the past. If any landlords give you any extraordinary reviews of a property management company, you may want to start your search with that company.
Check for customer service
Reaching out to property management companies to get information on their business is a test. It?s a test for them. If they don?t get back to you in a few days, imagine how your future tenants would feel if they wanted an issue addressed. Ideally, you?d want to hear back from property management companies within 24 hours of your inquiry. Any longer than that, they may not be worth your time and money. If they can?t manage their own business well, how can you expect them to manage yours?
Review their processes
You want a rental property that uses a tenant screening system, rental collection procedure, and maintenance process. Otherwise, the company may be ?winging it? or may have inconsistent service. Remember, one of the benefits of using a property management company is to generate higher quality renters, but if the company doesn?t have high standards, it may be difficult to receive high-quality results and services.
Learn about the company history
A company that?s been in business for a while is more likely to understand renters well from prior experience. Get to know the company?s background. Generally, property management companies that have stayed in business (and also have glowing recommendations) are a safe bet to manage your properties.
Tags: Business, Company, Properties, Property Management
Source: http://www.realestatebridge.com/blog/criteria-of-the-best-property-management-company/
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