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Property management can be a lot like a marriage. You always want to enter the relationship thoughtfully, after asking the right questions. If you’re stuck about what you should ask your property manager, here are some questions to get you started.
What’s Your Experience?
Knowing where a property manager stands in terms of general experience renting homes and other properties is one of the first things you want to know about them. Another related question is to ask how much experience they have renting properties specifically in your area. Having a property management company that’s familiar with your area could save you time and money.
How Do You Select Tenants?
Know the selection process for how your property management team is choosing the people who will rent your home or property. It’s important that the manager has a solid process for selecting an applicant. Running background checks and credit clearances are steps in many property managers’ process for selecting potential tenants.
What’s the First Thing You Do If There’s a Problem?
Assess how your property manager will handle issues that might come up around your property when there’s a renter there. Knowing how they handle it can help you decide if the company is a good fit with your ideas of how a property should be managed. Ask what the steps are that your property manager will take, and what steps you’ll be expected to take, in the event of an emergency or crisis.
How Often Should I Expect Communication From You?
Understanding what kind of communication, and in what medium, your property management group operates best will help the long-term health of your rental project. Understand how frequently they like to give communication in order to help manage your expectations. Also, find out how often they prefer communication from you on the rental arrangement.
What Kind of Fees Do You Require?
Make sure that you’re upfront about fees and charges. Communicating that information with your potential property manager will help them get a better understanding of your budget and your expectations. If you communicate about it clearly, there won’t be any surprises in the future.
Knowing which property management company to hire can be tricky, but Bricks & Mortar Real Estate has a team of qualified agents who want to help you. Call today for an appointment with a qualified property manager. If you need help, they can provide you with information and steer you in the right direction.