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How to Choose a Property Management Company

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.

Invest in rentals with a Utah 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.

Use real estate agent referrals to choose a Utah property management company

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.

Meet with different Utah property management companies

Ask Questions

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?

Rent homes for profit through a property management company

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.

Review the property management contract

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.

5 Comments

  1. Thank you so much for all these great tips to find a property management company! One thing that really stood out to me is that you say to read the entire contract and see who will be your main contract. It would be nice to have all of that figured out before you hire the company.

  2. My favorite part of this article is when you said to ask specific questions during the interview process like how they advertise a rental and the type of rentals they usually manage. My parents have a small vacation home that they are thinking of renting out and I think it would help to find a management company that typically works with small vacation homes like my parents because they will have the most experience. Also, I will make sure to tell my parents to ask the company about their advertising techniques because I think it is important that they have a strong website and utilize social media.

  3. I do like that the article emphasizes the importance of referrals. After all, you will want a property management company that you know you can trust with your apartments, homes, or whatever it might be. If you have a fellow landlord that highly recommends a particular company then you know that you can probably start your search there.

  4. I really liked what you said about interviewing a potential property management company to find out how long their rental properties remain vacant. My aunt is purchasing a rental prop[erty and wants to hire a management company to take care of it more thoroughly. Thank you for the information about also finding out if they use a website with a client portal attached.

  5. My wife and I are thinking about going into real estate as an investment. I want to find a property management service to manage the property so since I do not know the game as well. I agree that the benefit would be great since it reduces the worrying and makes it easy.

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