Contributed by Century 21 Everest
If you’re new in the real estate business and thinking of investing in a rental property, choosing a reputable property manager should be one of your top priorities. To ensure that, familiarize yourself with these tips below. They will help you pick the best company in your locality.
10 of the Best Tips for Choosing a Property Management Company
1. Start by Interviewing Several Property Managers
As a property owner, you have to interview your tenants to ensure that you won’t have any issues later on. You should also practice this when hiring a property manager. This would allow you to compare and find out which among them is the best. Aside from that, by interviewing a couple of property managers, you can pinpoint who among them is really capable of doing the job. You’ll have the ability to determine who among them has the knowledge and experience when it comes to handling a rental property.
2. Does He Have a License and Certification?
In most places, it is required to have a broker’s license and a property manager should have a certification coming from trade organizations. These organizations provide a certification after the completion of their training program. Keep in mind, a property manager that has spent some time to complete this training can be a good indication that he will be dedicated to his job.
3. Ask for References
As you interview the property manager it’s important that you ask about their management experience and references from owners of previous buildings they managed. Likewise, to ensure that they are really qualified, it’s important that you check their portfolio as well. Remember, this company would be in charge of your investment, and so, you have to ensure that they can handle the responsibility quite well.