411homerepair.com

Latest Articles

Eco Friendly House Cleaning Tips

Eco-friendly house cleaning has become something that more people are aware of, as greenhouse gases and global warming begin to affect us all. You...

on Aug 16, 2017

Everything You Need to Know about Drain Pipe Unblocking

The drain pipes in any property play an extremely important role in keeping the plumbing system running smoothly. These drain pipes are designed to...

on Aug 15, 2017

Improve Home Decor with a Fish Tank

When we think of improving home décor we may not always consider a fish tank. It seems like a small thing, normally tucked away on a shelf...

on Aug 11, 2017

How to Repair Small Foundation Cracks

Identifying early symptoms of foundation trouble can save you thousands of dollars in repairs. The sooner you spot problems, the easier and less...

on Aug 11, 2017

High Tech Home Security

Modern homes have far more security options than those of only a generation ago. Smart homes mean smarter home security options for homeowners. If...

on Aug 11, 2017

3 Tips For Hiring a Property Manager

by Guest on Mar 9, 2017

Whether you're leasing one property or a high-rise full of condos, getting the right property manager on board saves you time, stress and cash in the long run. However, it's pretty easy for just about anyone to call themselves a property manager even when they have zero experience-and that might set you up not just for headaches, but potentially lawsuits. You're the property owner, so it's your responsibility to follow the rules and keep your tenants safe. Your manager is the middle man, and you depend on them wholly to keep things in order.

The situation is made even tougher if you're a landlord who's not in the same region as your leased property. From screening renters and collecting rent to handyman work to ensuring lease agreements are upheld, there's a lot on a property manager's plate. Here are tips on how to hire right the first time, so you can sit back and watch that passive income roll in. A great property management company makes your life and your business a breeze.

To make sure that it becomes a reservoir of additional income, tap the services of a property manager and here's how you can find the right one for your home:

Gather referrals

Your circle of friends, neighbors, or your relatives can all be good sources of information. Some of them may have hired property managers for their respective properties. They have first-hand experiences and witnessed how one works with clients.

Better yet, your local real estate agent can also be a good source. Within their networks are various professionals including property and asset managers providing services in your location.

Get deeper information by asking questions such as how long the referred property manager has been in the industry. Their experience can tell something about their expertise.

Perform your own research

Top up your information by conducting research. It will help you trim down your list to better choices. Spare yourself from time-consuming interviews of the professionals themselves. Of course, their answers will favor them. What you should do is to look for company reviews from Yelp and other online sources. Social media platforms like Facebook can also be good venues of your research. Most property managers maintain their fan pages. From these pages, you can read what their clients are saying about their services.

The ratings of property management companies are also easily accessible online. Visit the website of Better Business Bureau. Here you'll find out more of a particular company including the praises and the complaints about their services.

Visit official websites

There's no page that can speak well of the achievements of property managers and the company they are associated with than their official websites. On their web pages, expect to see their portfolio containing past and present projects as well as testimonials of their clients. Yet, what you are about to read are somehow favored testimonials - you can still get some idea of how they deal with projects and clients.

Verify license and certification

Anyone can pose as property managers, even those who are unskilled and unqualified. To spare yourself of falling victim to pretentious and scam-filled services, always practice the act of checking for licenses and certifications.

The majority of states require that property managers possess real estate broker licenses. The local Real Estate Commission is a good starting point to check for active brokerage licenses.

There are various trade organizations that issue certifications on property management and real estate brokerages after the successful completion of specific programs. Knowing that your chosen company has certifications can make you confident that you are hiring the right professional to manage your investment.

However, you must always bear in mind that not all those who have certifications are practicing what they have paid for. This means that not all licensed property managers have the same level of professionalism and expertise.

In conclusion, as with hiring out any service, it's always a good idea to interview at least three different property managers to get a feel for what reasonable fees and procedures for your market are. You may be surprised at how much they vary.

Whether you've received a personal recommendation or you are calling on advertising, it's important to thoroughly interview your prospective property manager. Certain information is vital and obvious to ask about, like what their fees are and when and how they will send you your rents due.

Other things are also important to ask about, but finding out the nitty gritty details of how each step of their eviction process works is not as important as determining whether they are knowledgeable about how to do an eviction. If someone can respond confidently and with detail to your questions, it implies that they have systems in place that they know and follow. This is important if you want your property manager to decrease your landlord headaches. You want to hire someone who is well organized, knows what to do and will act promptly when necessary.

By following the discussed tips, you are one step closer towards finding the right property manager to make sure that your investment property is well-managed to make it a steady source of additional income.

Property management tips from Residential Leasing & Management Corp.

Author

Guest

Guest

Random Articles

Home Staging Above and Beyond the Furnishings

Preparing your home for showings can be a big job, and it can also be a lot of fun. In today's real estate market, it is more important than...

Bedroom / Furnishings

Light Up Your Dining Room!

Did you know that how we eat is almost as important as what we eat? For instance a meal in a relaxed, beautiful, well lit ambience is better than a...

Electrical / Lighting

What to Know about Floor Stripping and Waxing?

The floor is indeed an important area that requires proper maintenance. The floor should always be kept very clean and for this reason waxing and...

Floors / Tile / Hardwood

Energy Tax Credit for Windows

You can claim your energy tax credit for home improvements by using online tax software. You will be sure to get the full tax credit for your home...

Windows / Siding

How Different Wall Fountains Materials Give Alternative Benefits

The beauty of wall fountains is there are so many different styles and materials they can be placed in any environment and will blend into their...

Garden / Landscaping

Actions

Contact Us | Submit Article | RSS | 411homerepair © 2017