How to Choose a Property Management Company
If you’ve taken the step of purchasing rental property, then you will need someone to manage it. Finding the right company can be tough especially when so many of them claim to provide the same services as one another. To help you, we’ve researched a few ways to choose a property management company.
Ask for Referrals
In most things business, referrals are a good way to go. If you don’t know who to ask, reach out to the person or company who helped you purchase your home or the rental property. Real estate agents often know who to trust when it comes to property management. You can also ask acquaintances who own property. After receiving a list of referrals, take a peek at the Better Business Bureau and the Real Estate Commission. These companies will let you confirm that a property management company you’re considering hiring is licensed and has no
outstanding complaints against it.
Your First Impression
Try to meet with a representative from each property management company in person. Ask yourself if you would be interested in renting a property from this organization. Also, is the person well-spoken and nicely dressed? Your first impression is likely to be along the same lines as those who are looking to rent.
When interviewing a potential property management company, it’s important to find out how long their rental properties remain vacant. Along with this, ask how they advertise a rental, how many vacancies they currently have and the type of rentals they usually manage. Find out whether the property management company uses a website, and if they do, check it out. Are the available rentals easy to view? Do you like how they are presented?
Peruse the Contract
Before signing a contract with a property management company, read it to determine who your main contact will be. Make sure that you can reach your contact in different ways such as by phone, text and email. It’s also important to know how much you’ll be paying and what is included in the fee. For instance, does the fee include advertising? Or, is this a separate charge? In addition to this, make sure that the cost is in line with other companies.
The Benefits of a Good Property Management Company
A good property management company will make life easier for you, so it’s definitely worth your time to hire one that does its job well. When you hire a quality company, your involvement will be kept to a minimum, allowing you to relax and add to your income.
Presidio is proud to be a full-service, competitively-priced Utah property management company. Head over to our main Property Management Page to see the many benefits of choosing Presidio.