411homerepair.com

Latest Articles

Replacement Windows and their Effect on Your Home’s Energy Efficiency

Replacement windows are an ideal investment if you’re planning to enhance your home’s energy efficiency, resale value or even your...

on Oct 18, 2018

5 Small Upgrades that can Drastically Improve your Curb Appeal

First impressions matter. Whether you are going on a blind date or trying to sell your home, a strong first impression can make all the difference.

on Oct 15, 2018

How to Better Prepare for Bathroom Remodeling

There are so many things you can do – and projects you can try – to improve the bathrooms in your house. Renovating the bathroom is a...

on Oct 12, 2018

Should I Replace My AC If It Experiences a Refrigerant Leak?

A refrigerant leak is one of the most common issues of an air conditioning system. Freon or R22 is the predominant refrigerant used in almost all...

on Oct 10, 2018

6 Pro Tips for Cleaning PVC-U Windows

Cleaning windows is a chore that some homeowners do not look forward to doing since it can be a tedious, physically demanding task. However, if you...

on Oct 8, 2018

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

Most Recent Articles

Sponsored Articles

Random Articles

Why Is Kitchen Remodeling Always a Good Idea?

Kitchen remodeling is an effective way to add style, customization, and value to a kitchen and the entire home. This home improvement can be done...

Kitchen / Bathrooms

How to Calculate the Right Amount of Paint for a Room

Painting a room, no matter how large or small, can create some confusion when it is time to purchase paint. You want to be sure that you get enough...

Painting / Wallpaper

Installing a Water Saving Shower Head

Water conservation is becoming a major issue amidst increasing consumption and waste of water, particularly in drought affected areas.  Many cities...

Kitchen / Bathrooms

5 Safety Precautions You Should Know Before Your DIY Home Renovation

Many people do not realize all of the dangers that are present when they take on a renovation project for their home. There are a number of hazards...

Safety / Security

Instant Hot Water Comes with Style

RIP to the kettle. You’ve had a good life but there are much better devices out there now which can give you hot water at the touch of the...

General Household

Actions

Contact Us | Submit Article | 411homerepair © 2018