5 Questions To Ask When Hiring A Property Management Company

When it comes to things like handling your property, you don’t want to entrust that responsibility to just anyone. If you’re looking to rent out one of your properties, you’re going to need to find suitable people to stay there so that you can pay the bills – but how do you go about that? Well, with the help of property management you can ensure that your property is in good hands. Having someone handle the tenants and how they go about keeping the property full can take all of the stress out of your hands.

How much experience do you have?

If you’re going to be leaving the responsibility of your property in the hands of someone else, asking this question can be very helpful. Finding out how much experience they’ve had in managing properties will tell you whether or not you should consider hiring them. If they haven’t had much experience at all, the chances are they’re going to have a difficult time with your property. A property manager with a lot of experience will be much more efficient and effective – making them the better choice.

How many properties do you currently manage?

Just like asking about their experience, asking them how many properties they manage will tell you how well they’re doing as a manager. A person with a lot of clients can be both a good thing and a bad thing, however. Some owners prefer that their property can have priority when it comes to time, but a lot of clients generally mean a reliable and commendable service.

How do you handle tenants?

Asking your property manager how they handle tenants is very important, as you’re going to want to know what kind of people will be living on your property. If you’re leaving the screening process up to them, you want to make sure that you’re not going to be housing the kind of tenants that might cause property damage or land you with fines or legal trouble.

Do you handle any damages?

If there are any damages done to your home when you have tenants living there, you should know whether or not your property manager is going to take responsibility for it. It can be costly to cover for these things on top of paying for a manager, and if you want them to be responsible for it, then you should make sure you ask them before considering their services. Not all property management services will cover the damages, so make sure beforehand.

How much do you charge?

One of the most important questions of all, ask your property manager about their rates. Of course, the rates might change based on the circumstance of your property, but you should always make sure it’s clear how much you’re going to be paying them. You can use this information to help you figure out how much you’re going to charge for rent and so on, so you should find out as soon as possible how much you’ll be paying your property manager.