How do I know if I’m hiring a right property management company?
Here’s a smart checklist on what you should look for in a property management company
By Faraaz Hashmi
For certain investors, self-managing a property is not the best option. Many people believe that hiring a property manager is the easiest way to escape undue stress. For most people, self-management only functions in the early stages of a company, not when the business is already soaring due to tedious and boring tasks that come with it. So factors to look for when hiring is very important in order to make sure you’re hiring the right one for you.
Skybridge Property Group manages commercial and residential properties in Los Angeles and cities in Orange County, including Long Beach, Newport Beach, Anaheim, and Yorba Linda. Part of a property manager’s job is communication. Communication is very important in getting things done, especially if you’re an owner or landlord looking to make a profit on your rental property.
You want to make sure your property management company is communicating with all potential leads or tenants who are interested in your property. Responding in a quick fashion sends a very good impression to that potential tenant.
Here are the list of factors you should look for when you are looking to sign up a property manager.
1. Placing a Great Tenant
Getting your property advertised, viewed, and the application completed in a quick manner are key characteristics of a great property manager. The faster the management company works to get your property off the market, the more money you will make. A great property manager will also handle the entire screening process. This helps to find you a great tenant who will continuously pay their rent on time and keep your property in great condition. They should make sure all boxes are checked off and all the paperwork is completed. Reference checks, credit checks, and background checks should be done by your property manager with none of those headaches the responsibility of the tenant or the owner. You hire a great property manager to alleviate your stress and make the process as smooth as possible
Great tenants are a god-send. Vetting and finding that great tenant and making sure they stay longer at your property is one of the key things your property manager should do
2. Handling Maintenance Issues Quickly
We have talked about this before: one of the main reasons a tenant leaves a property is due to the maintenance issues not being addressed in a timely fashion. If you want to keep your tenants for a long amount of time, you have to make sure you have a property management company that is strong and trustworthy when it comes to handling maintenance issues. You should feel confident that this company will strive hard to fix what needs to be fixed and respond to the tenants fast and efficiently.
3. Marketing your Property
Marketing your property is also very important. A good management company will go out and take pictures of your property and post them online. Good pictures include different angles, use the best lighting, and use pictures that focus on the best aspects of the property. The better the photos, the more calls you will get from interested tenants.
You also want a property management company that treats your property like it’s their own. They will be assertive in doing what needs to be done just like they would if they were trying to rent out their own home.
4. Goal-Oriented Property Management
The desire to meet and exceed goals is something that makes any management company above-average. You want to see the hunger and passion in your property manager. You want to see them work beyond the normal business hours in order to make you and your tenant happy. You should always be able to rely on your property management company and feel confident that they are giving 100 percent all the time.
Hope you found this article useful. Having a great property management company on your side is crucial in the real estate world and very important when trying to rent out your property. If you have any additional questions or concerns, please feel free to contact us.
If you are looking for all the above and even more, check out what we offer here