4 Questions You Should Ask to Find the Best Property Manager - Our Guide
When you're searching for the best property management company to work with, you'll have to look past the fancy designs they might have put into their aspects. While fancy designs may entice some clients, you should look more at how they can help you. Remember, you're trying to look for a property manager that can work for your best interests, and the only way you're going to figure out who'll be able to do that is by asking several vital questions.
That said, here are four questions that you should ask to determine the best property management company to work with:
1. How do you communicate?
The first sign of a good property management company is how well they communicate. For example, ask them how fast they will respond to emails or whether or not they return phone calls.
Communication is a vital factor for many reasons, and one of them is about the relationship-building between you and the property manager. You aren't going to get anywhere with someone you don't trust, and good property managers know that communication is vital in building that trust. After all, you're giving them the responsibility to be in charge of your valuable property.
2. Will you market my property?
This can be a trick question, knowing that only good property management companies will do the marketing for you. The last thing you want to happen is for your property to sit around and not be made aware of its existence to potential tenants in the market.
Even if the property management company offers to market for you, learn about where and how they do so, along with how long it takes for them to find a tenant. By asking these questions, you give yourself a better idea of how fast you'll soon be landing tenants if you work with them.
3. Do you screen potential tenants?
Screening tenants is a vital procedure that should never be skipped. It should always be comprehensive and done by the property management company themselves.
Ask them what kind of screening they carry out. The screenings should include a criminal history check, income, and employment checks, credit checks, and others alike. Also, make sure that the procedure consists of a discussion between the property manager and the prospective tenant about the rental rates and making sure that all paperwork is in order before they rent from you.
4. How will maintenance be done?
Maintenance is perhaps one of the biggest problems you'll face as a property owner. For this reason, you would want a property manager who will help take care of every maintenance aspect for you.
Ask the property manager what kind of system they have that'll allow tenants to report any maintenance issues as soon as they show up. Such a system ensures that the problems are fixed before they grow bigger, effectively preventing it from becoming much costlier. Ensure that the property manager also makes known to you any maintenance issues and the cost associated with it before they get to work. Ask about inspects as well to make sure that tenants are keeping your property in good shape.
The more questions you ask the property management company, the better you'll be able to figure out which ones you want to work with, and which ones are good at what they do. More so, ask other questions related to emergencies, evictions, rental payments, and any other extra services that they offer. Remember, the more you ask, the better the chance you'll land a good property management company.
If you’re looking for a professional property management company in New York, get in touch with us today! We’re happy to help.