When needing your properties to be sold, finding the right real estate agent is very important. This will determine the success of the over-all transaction. You sure want to make the most out of the deal, right?
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.
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!
When you’re ready to entrust the care and management of your income-generating properties in Culver City to a property manager, you want someone who knows what they’re doing. Take a look at what it takes to be a great property manager to understand why Culver City property management by Caris Properties is the right choice.
We Care About Your Needs.
The key to being a good property manager is the ability to relate to people — clients, tenants, vendors, and maintenance people. Great communication skills, respect for all involved, and an ability to respond to people’s needs and issues with sensitivity and diplomacy are all vital when balancing the different needs of everyone involved with a Culver City property. At Caris Properties, we take the time to hear everyone’s perspectives and find solutions that work for all involved.
We Stay Up-to-Date on Relevant Laws and Ordinances.
In Culver City, we have to pay attention to the various laws not only of Culver City itself but also of Los Angeles County and the state of California. Legal requirements governing everything from how a property can be used to proper trash removal to how to maintain security deposits can change at any time. We go out of our way to protect your property by staying up-to-date on all relevant laws and requirements.
We Use Technology Proactively.
Putting tech to good use frees up a good property manager to pay attention to the real work of caring for properties and responding to owner and tenant needs. Our use of tech also means you can access your property’s financials and other information any time you need it, 24/7.
We Stay on Top of Maintenance and Inspections.
A good property manager has every pending inspection calendared and is prepared for it ahead of time. Not only that, good property managers pay attention to warranty expirations, maintenance schedules, and every other element of property maintenance. At Caris Properties, we believe in preventive maintenance, so that potential problems never arise.
We Handle Your Money Responsibly.
Any property manager is handling a lot of other people’s money, whether it’s security deposits or laundry machine change. A good property manager takes care of all these fidicuary responsibilities with the utmost in honesty and ethics. We know you are entrusting us with valuable property at every level of our working relationship, and we operate with good judgment and high integrity at every step of the way.
We Keep an Eye on the Neighborhood.
Many of the skills of a good property manager transfer from one city or state to another. But one element can’t be replaced: The knowledge of the local neighborhood. What’s happening in the rental market? What neighborhoods are being gentrified, and how is that affecting your property? How can you make your property stand out? If your property manager doesn’t know your neighborhood intimately, your interests aren’t being protected. At Caris Properties, we are devoted to Culver City. We know it and love it, and based on our knowledge, we’re always ready to provide new ideas for growing your investments.
We Bring In Top Professionals in Every Area.
The prosperity of any investment property depends largely on the expertise and professionalism of those caring for it. A good property manager always assembles the best possible team, whether it’s accountants and attorneys or landscapers, pool maintenance crews, and plumbers. We’re tied in to the best tradespeople in Culver City to make sure your properties get the attention they deserve.
If you’re looking for the kind of property management that makes a difference, give us a call at Caris Properties today.
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