A Quick Guide to Find a Reliable Property Manager
Managing a property can be a hurdle. But you can take the tough part out if you hire someone to take care of it for you. With that said, following we are giving you a few tips to find a reliable property manager.
When it comes to hiring someone, you need to obtain referrals from different sources. You need to find referrals from someone you trust. By talking to real estate agents or property owners in your area, you might find someone you can trust You need to get a list of property managers or companies considering the following:
- What Were They Happy With?
- Have they had any issues with property management or the company?
Referrals might be biases. This is why you need several referrals from different sources. If you keep hearing the same thing about a manager or management company, its time you see them for yourself.
Perform an Online Search
Yes, you might find someone good through the referrals, buts it’s imperative that you do your research. You need to take your search online and find individuals or companies that can sustain your needs. You need to generate a list of companies or people who operate in your area.
Once you compile a list, you need to check for reviews on classified websites. You can also try Business Bureau websites to see whether you should trust someone or not. It helps you to see whether there are some complaints lodged against someone or not.
See Their Work
Instead of depending on someone’s word, or opinion, you need to check someone’s work yourself. You have to see their current adds and see if they have made any professional, completing and discriminatory statements. Also, you have to see if they advertise in a variety of places or their ads are limited to some free sources or not.
If you need to take your research, you can visit one of the management properties and see if its properly cleaned and cared for.
Moreover, you can speak to the tenants and ask them the following questions:
- Do you feel your issues are addressed properly?
- How long a repair or maintenance issues take to fix?
- IS your building quiet and clean?
Does the tenant sign new least? Reasons for both cases, because these questions let you evaluate whether the tenants are happy with the current manager or not.
Once you narrow down your options, you need to conduct some interviews. You don’t have to select the first manager you speak with. You have to interview and screen several tenants before you shortlist someone. This is a time taking process, but it will assure you find someone you can work with for a long time.
Interviewing several people at a time will let you filter out reliable ones from unreliable. You have to ask
License and Certification
Its imperative that you hire someone licensed and certified. Most states need property managers and management companies to have a real estate broker license if they want to work in the industry. SO, you must check with your state authorities to confirm whether the license is active and for real or not.
You will also need to know if the company is certified with trade organizations or not.
There are several organizations that offer certification after completion of a training program. If the manager has gone through such programs, they are better equipped to take care of your needs.