4 Crucial Questions That You Should Ask A Property Management Service
So you now have an vacation home but you need help to find someone to take over its management and home care needs
. We strongly suggest doing your research and listing questions you want to ask when interviewing potential property management companies.
Do not be afraid to call them and ask questions. Make an appointment to visit in person if you can. Here are the top 4 questions to ask when you interview a property management company or home care service.
1. Does the company owner or director actually work in the business itself?
Most property management companies are divided in two, selling real estate and managing real estate. If the company director is involved with the property management arm of the business and the home care services, you may find they take it more seriously than others
2. Does the company have a plan?
You want to know whether the property management company offers a complete service or a variety of packages. Many companies out there try to push extra services that the landlord does not really need. Always ask for a reason why they are offering that service
3. How well do they know their stuff?
Check with the owner how long they have personally been dealing with property management. Just because a friend recommends a company doesn't mean that company has much experience. It also does not mean they provide top quality customer service.
Some property managers start out working in a real estate office as the office person and work their way up. Some move into property management and the rest into sales. Other property managers and home care providers have specifically chosen property management as their career because of going through the actual experience of taking care of a piece of property and have worked there way up. In my opinion that is the best choice to choose since it is someone who has actually been in the trenches, sort of speak.
4. What local areas do they focus in?
You are right to consider companies that have expert local knowledge but, if you intend buying more properties in the future, how far does their expertise reach? If you plan on purchasing or adding to your portfolio within the Hilton Head or Bluffton, SC area than make sure your home care provider has knowledge of that area.
You do have a choice, either hire a property management company in each geographic area or find one that covers a wider area to take on all your properties.
You want a property manager that can almost do it all. Can they perform Home Inspections? Do they know the mandatory checklist of what to do when a tenant moves out? Do they repair both major and minor needs? What about small renovations? These are all concepts to keep in mind when choosing a Home Care Provider
It is also important to know if the property management company has strong relationships with a trustworthy rental company. There are many listing services that have established relationships with property managers; you might want to check them out.
The whole point is that you want to make sure the property management company you're working with is quality by checking all angles.
by: Ron Valdivia
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