411homerepair.com

Latest Articles

What’s the Best Way to Monitor Your Home Security: Smart Home or Home Security System?

Is security or convenience more important in protecting your assets? The two aren’t mutually exclusive. Here’s how to make an informed...

on May 21, 2019

Home Spa Ideas | How to Turn Your Bathroom into a Spa

No need to book into a day spa when you can create your own spa experience at home. The fine bubbles of whirlpools range gently stimulate...

on May 21, 2019

How to Clean a Bathroom Fast | A Step by Step Guide

Does cleaning the bathroom feel like the absolute worst house chore ever invented? Maybe you’re just looking at things in the wrong light. In...

on May 21, 2019

Creating a Safe Home for Your Family

Home is the starting place of love, hope, and dreams, so it’s only sensible to make the home base as safe as possible. Doing a home safety...

on May 20, 2019

How to Rent Your Property

With over 25% of properties on the market for over 6 months and nearly 10% on for almost a year, it is worth investing time in knowing what helps...

on May 20, 2019

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

Random Articles

Preventing Frozen Pipes: Practical Steps to Protect Your Home

Based on some estimates, upwards of 200,000 American families experience frozen water pipes. When a pipe freezes it is vulnerable to becoming...

Plumbing / Basements

Mold in the Home: Identification and Removal

Mold is an all-too-common problem for many homeowners. In fact, it is often a serious problem because there are certain types of household molds...

Cleaning / Maintenance

Build a Fence to Add Value to Your Home

There are a number of home improvements that you can do to your home. Adding a fence or a deck is a great way to add value to your home and will...

Garden / Landscaping / Patio

Top 10 Home Remodeling Tips

Rearranging your furniture. You do not essentially require new furniture by just making new shapes, and reordering the flow of your living space...

Improvements / Remodeling

House Clearance Services

Using a professional house clearance or office clearance company takes all the hassle of clearing a property or business premises. In terms of...

Cleaning / Maintenance

Actions

Contact Us | Submit Article | 411homerepair © 2019