It can be a daunting task to choose a property manager with so many firms available in the city. Property management services are essential for stress free living. You have to choose a property manager who is trustworthy and smart. That combination is hard to get. However, with logical short listing and evaluation you can get best property management services. You must consider the following pointers to reach the ideal property manager:
Look for Experience
After listing down all the prospective property managers, arrange them based on experience. Experience in the industry helps you establish trust. A few years of experience in the industry are must. However, if you are personally acquainted with the company then you can add it to the shortlisted list.
You should consider asking your friends, neighbors and extended family members for their suggestions. Good property management services always have a positive word of mouth in the city. If references coincide with some property managers on your list then move them to the next level. Also, ask your friends if they know some property managers you like. Get reviews of all property managers from your acquaintances.
Do a thorough online check of all the property management services you have shortlisted. Check for reviews, current projects, and verify their numbers. These little checks can help you avert serious dangers in future. An important aspect to check for is the services provided. Good property managers differentiate their services and customize prices based on customer’s need.
The top property managers on your list qualify for an interview. You should meet these managers and discuss your properties with them. You can judge the expertise of managers in this interaction. You should ask all the possible queries about property management. Seek the worst-case scenario and find out how manager reacts.
Licenses and Certifications
You should check with your state's Real Estate Commission to see if their brokerage license is active. You will also want to know if the company or manager has a certificate from trade organization such as the Institute of Real Estate Management (IREM), National Apartment Association (NAA), National Association of Residential Property Managers (NARPM) and the Community Associations Institute (CAI).
Other than these basic quality checks do not forget reading and discussing the management agreement before signing a document. Pay close attentions to services and charges.
The author of this article is a real time property manager and fond of writing. He has written many articles on property management services. Here, he describes about the tips to hire the right property manager for your needs.