Choosing Between Property Management Companies

If you are considering taking the leap from homeowner to landlord, you should first consider the option of using one of the many property management companies that exist to make your life easier. Property management companies serve as the middle man between landlords and tenants and alleviate much of the stress that inevitably comes from renting property. There are many important things to consider when choosing between property management companies, to ensure you are getting the best service available.

Customer Service

When you call up property management companies, pay close attention to their customer service. Not only will you be dealing with the company on the regular basis, so too will your tenants. You don’t want to choose a management company that you don’t feel you can communicate with. When you consider customer service, include the promptness with which they reply to your inquiries as well as the friendliness of the employees.

Company History

How long a management company has been in business can say a lot about how reliable they are, though you shouldn’t base your decision solely on this aspect. For the most part, a company that has been around for a number of years, and has been known to provide excellent service for that amount of time, is a good company to choose.

Interview Them

When interviewing property management companies, ask about the types of properties that they have managed in the past, and how long they have been managing the type of property that you are leasing. In addition to the history of the company, consider the amount of experience possessed by the company’s employees. This is another important factor in determining how your experience with the management company will be.

Fees

When you hire a property management company to serve as the liaison between yourself and your tenants, you want to be sure you’re getting the best possible property management services for the money. The services a property management company provides can range from ala carte to an all-in-one inclusive package. Along with that comes an array of fees for each. You will want to discuss all fees involved in the managing of your property. Property management fees should be outlined in you manager/owner contract.

References

Talking to others who have had experience with a particular company is an excellent way to get a feel for how your experience will be. Ask around to friends, family, and coworkers and get their recommendation for property management companies to consider. When you talk to the companies individually, request a list of a few references to call.

Involvement in the Rental

Different management companies offer different levels of commitment to the property. Find out if the company will provide full maintenance as necessary, if they will take care of the accounting and tax information, how they handle insurance claims on the property, and other pertinent information. Getting a grasp on these important issues will be essential to choosing the company that best suits your needs. Finding a management company that suits your needs may seem like a daunting task, but it need not be. Simply ask the right questions and put in a little research; and you will be sure to find the company that is a perfect fit.

Karen McDaniel
Principal/CEO
Property Management Profile LLC
Property Management Profile LLC is an interactive online search engine for finding all types of full service property management companies nationwide. For any property management company that is looking to gain national exposure by capturing the attention of out-of-state investors or be found by local clientele, http://www.PropertyManagementProfile.com is the place to showcase their business model and expertise to these prospective clients.
Property Management Profile offers the most up-to-date listing of full-service property management companies. We have created our site with the idea of making it simple yet detailed enough with the right information for the investors to make wise choices when looking for a property manager to manage their investment properties.
We offer an opportunity for all property management companies to list their company on our website, whether you specialize in residential, commercial, vacation or community association management. We accept small to corporate size management companies. We also offer a Free basic listing, so you have no excuse for not being listed.
Property Management Profile has become a wealth of information and resource for the first-time landlord as well as the seasoned investors. We should know what we’re talking about, as owner and creator

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