Finding The Best Property Management Companies
Hiring a property management company is the smart way to rent out your home. Property management companies specialize in finding and keeping great tenants as well as collecting rent and maintaining properties. But there are some bad property management companies out there who won’t do a very good job of keeping up your property and renting your home. Learning how to screen out the bad companies makes it easier to choose a high quality management company that will work hard to find high quality tenants and keep your home in great shape. Here are a few tips for choosing the best management companies:
Ask around: Sometimes the best information comes from asking other property owners about their experiences. You can ask on Facebook or Twitter, or ask some of the other property owners in your area. Find out what property management companies they have good experiences with and talk to those companies first. Most of the time property owners will be happy to tell you about the good and bad experiences they have had with local management companies.
Visit one of their properties: If you have a short list of companies that you are considering using go to one of the properties that they manage. If the property is clean and looks well maintained then the company is probably a good one to use. Talk to the tenants and ask if they would recommend the property management company. If the property hasn’t been mowed in awhile or looks drab and run down the company probably isn’t going to take very good care of your property.
Talk to them: Schedule an appointment to talk to one of the property management specialists at any company you are considering hiring. Making an appointment gives you some time to ask a lot of questions, verify their credentials, and find out more about their approach to filling vacancies and keeping good tenants. Talking to a rental specialist at any company you are thinking of hiring is the best way to be sure that you can trust that specialist to find quality renters for your home. You can also ask any questions that you have about the rental process and how they intend to find renters. Make sure that you schedule an appointment so that the management specialist won’t be too busy to sit down and talk to you.
Check out the company: A great way to screen potential property management companies is to check the ratings of that business. You can call the Better Business Bureau and see if the company has a good rating. You can also check online ratings and social media to see how other property owners and tenants feel about that property management company. If you take the time to check out each company that you are thinking about hiring you will be able to narrow down the list and select a company that will work hard and make it easy for you to rent out your home while you are away.