What are the most important things to understand when you hire a residential property management company? We’re going to look at the 10 most important things that you want to know before you hire someone for rental property management.
Questions to Ask a Property Management Company
You may not be able to glean all the information you need from a company’s website. When you’re shopping around for an effective property management company, you might need to arrange meetings and ask some of your questions in person.
#1: How Many Properties Do You Manage?
This will tell you how much time and attention your Calgary property management company can devote to your property and the amount of experience they have. You want to ensure that they will keep up on their services.
#2: Do You Own Properties Yourself?
If a property manager owns and manages their own rental property, they will be searching for tenants of their own and keeping up with the associated tasks. On the one hand, this added experience could be beneficial, but it could also take away from the care and attention they give to your account.
#3: How Do You Operate?
Ask what their inspections are like and how they handle the property management process.
#4: How Much Do You Charge?
Property management fees can cut into your profits, so you have to know how property management companies will charge you and what is included in the cost.
#5: What Automated Tenant Management Tools Do You Use?
Property management software makes a significant difference in the functioning of a company and the way they manage your property.
Other Property Management Concerns to Consider
You want the very best company taking care of your rental home. Consider the following items as you choose a property management company in Calgary.
#6: Don’t Put up with Rudeness
If they cut you off or are careless and cold, this is probably how they will handle your property and your tenants. A patient and understanding property manager will attract more tenants.
#7: Consider Their Responsiveness
If they are quick to respond to your needs and questions, you can be sure they will do the same for your tenants which will help to build a lasting relationship and increase tenant loyalty.
#8: Consider How Charges Are Established
Property managers usually charge a standard monthly fee, but you’ll want to consider the other charges that may apply and what will happen when your property is vacant.
#9: Maintenance Issues
A good property management company will take care of all maintenance concerns and will deal directly with the tenants to resolve all problems. The less you have to worry about, the better.
#10: Providing Reports and Payment
Make sure that your Calgary property management company has a system of providing detailed reports and that everything is managed in an organized manner.
Choosing the Best Property Management Company
These are things that you should know when you go to hire a management company. Your investment and your livelihood depend on the services the company provides and how responsive they are to your needs.
Mountain Park Real Estate is equipped to help you with all of your real estate and property management needs. If you’re looking to buy, sell, rent or hire a property manager, trust the experts at Mountain Park Real Estate in Edmonton and you’ll receive the best possible service. Visit their website at http://mtnparkpropertymanagement.ca/ or contact them directly by emailing: [email protected] or calling: (780) 809-9954.