Property management companies can help to relieve property owners as well as those seeking to buy, lease, or rent properties of the hassles that are associated with property ownership and rental. Property management companies will help list and rent your property, find qualified tenants, provide documents, collect rent, and manage maintenance and evictions as necessary. Finding the right property management company is important to achieve the best results.
Top 5 Questions to ask Property Management Companies:
Years of service- To be sure of the performance of a service provider, it’s prudent to consider the number of years they have been in business. More years in business equates to experience and stability and can indicate a happy client base. Be open to a newer business but check their references.
Service charges- Service charges are fairly consistent across the property management industry but it is important to double check fees before signing a contract. A property owner’s profit margins are at stake so service charges matter; they should be able to provide you with a detailed breakdown of charges for each service provided.
Range of services offered- In the property management market, there are a wide range of services offered. It’s therefore imperative for one to establish the types of services you will need and then confirm that they are offered by your chosen service provider. In most cases, it’s advisable to choose a property management company who offers the whole range of services since you may decide later on to take on more help. It is easier to change your contract than move to a whole new service provider.
Their customer base and location- Ask for referrals from their other customers and identify that their other clients are in the area of your property.
The body they belong to- Most areas and regions around the globe have professional bodies dealing with regulation and professionalism in property management. When you are seeking the services of property management companies, it’s important to consider this element as it could act as an assurance for the level of service one can expect.
Seek a property management company who fits your current needs but that has the ability to grow alongside you. Son-Rise Property Management offers full service property management. Contact us today to get started!