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How to Vet a Property Management Company

April 7, 2016 By Dan Leave a Comment

Choosing a property management company to oversee your rental can seem like a daunting task. How do you effectively vet a property management company?

For one thing, you know that the relationship will most likely be a long-term, ongoing one, so finding a solid property manager is important. Additionally, when entrusting one of your largest assets to someone, you’ll want to make sure they’ll manage it properly, and will be able to help you get the best returns possible. It’s a tall order!

But while there’s no shortage of property management companies; it’s important to remember that not all companies are the same. While a great manager will make life easier, and will be able to help you get the most out of your investment, the worst of the bunch will allow unscrupulous tenants in, charge exorbitant fees, and cause havoc with your rental.

But don’t let this scare you off! Fortunately, finding a solid property manager isn’t as difficult as it may seem. As when sourcing tenants, your search for a qualified property manager starts by knowing what to look for. To help you in your quest, here are a few things that you should ask in order to find a property manager that’s not only qualified –but excellent.

Check Out Their Credentials
A reputable property management company should have a number of credentials and accolades to their name. Once you have a prospective property management company lined up, head over to their website and see what you can find. You shouldn’t have to search too hard; if they’ve received recognition in a specific area, they should have that prominently displayed on their website.

See What Their Fees Are Like…Read more

Source: How to Vet a Property Management Company | @ProLandlord

Filed Under: Real Estate News Tagged With: Accounting Management, management, Property, property management

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ABOUT ME

I’m a licensed Real Estate Broker/Investor with Jae Evans Real Estate located in Bellevue, WA and an Army veteran. I have over 18+ years of experience in the home purchase/sales and property leasing industry. During that time, I think that I've done just about everything in the Real Estate industry i.e.: flipping, wholesaling, etc. Read More…

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