5 Tips For Finding the Best Property Management Agency

best property management

The management company which you choose to look after your property can make or break you as an owner. But with so many options out there, it can seem impossible to make a selection.

Should you go with a company with a ton of other clients? Take a chance on someone new who can dedicate lots of time to you? How can you tell if an agency is trustworthy or not?

Worry not! All the answers you’re looking for are right here.

Read on for five tips for finding the best property management agency.

1. Review Policies

A trustworthy management company will be more than happy to share their policies with you. Look them over and make sure that they’re strong and sensible.

Do they have routine, preventative maintenance visits scheduled for their properties? What system do they have in place to collect rent which is past due? What happens in the case of a late-night emergency?

Ensure that each and every one of their policies align with your and your tenants’ needs.

2. Check up on Experience to Find the Best Property Manager

Just like a good real estate agent, a good property manager will make your life easier. What’s the name of the game? Experience.

Young, inexperienced property managers can cost you money. The best property management companies will have years of experience to back them, leading them to make the smartest and most frugal decisions on your behalf.

3. Clients Can Give Clues

Keep your eyes out for a management company that has a lot of clients (but not too many). Here’s why.

If a property manager has very few clients, it could mean that they’re having difficulties holding onto them, that they’re lazy, or that they’re super new to the game. All of these things will only lead to trouble for you and your tenants.

On the other hand, if a management company is responsible for hundreds of properties, they will not have the appropriate amount of time to dedicate to yours. Your goal should be to find an agency which is somewhere in between.

4. Make Sure There’s a Tenant Screening Process

A bad tenant can cost you tons of money and feel like a neverending nightmare. How can your property manager prevent this?

By enforcing a firm screening process. Look for an agency that runs credit checks, background checks, and follows up on tenant’s references before any paperwork is signed.

5. Consider Reputation When Hunting for a Property Management Agency

With the help of the world wide web, it’s easier than ever to research companies’ credibility. Use the Better Business Bureau’s website to search the names of agencies you’re looking at to ensure that they are trustworthy.

And don’t be scared to ask for references! The best property management agencies won’t hesitate to hand them over.

That’s It!

If you follow the tips above, you’re guaranteed to find a worthy property manager who you can trust and work with for years. Just be sure to take your time when making your selection, and to do your research along the way.

And if you have any questions, don’t hesitate to contact us. We’re here to help!