Hiring a good property management group can make or break the success of a property. Choosing the wrong company can tank an entire operation in an instant, while making the right selection can prove to be profitable rather than costly. Every management company will insist they are the best of the best, but it’s up to you do the research and decipher which company is the best fit for your current, and maybe even future properties.
There are a number of things to consider when interviewing a property management company such as cost, track record, maintenance operations, marketing/advertising, and so on. Every company operates differently, so you need to know what you’re looking for in a company before you start your search. Contract discussions should only begin if the company meets your management expectations from an operational standpoint.
Perhaps the most important rule of thumb when looking for a property management company is to ALWAYS interview multiple companies before making a selection. Managemyproperty.com does a great job in simplifying what you should and shouldn’t do during the hiring process while providing additional detail, if desired.
Click here to learn more about the best way to find the right property management company for your real estate.