When seeking a management company for your rental property, not all companies are created equal. There are important qualifications to look for upfront when seeking property managers that are key in ensuring both yours and your tenant’s needs are met in a fair, timely manner.
How many properties?
A sign of a successful, trusted property manager is the number of properties they are currently managing. Property managers with only a few units may not be the best choice, as they appear to be either inexperienced or to have lost past clients due to not fulfilling the needs of the parties involved. On the other hand, property managers who are managing too many properties may be spread too thin and may be too busy to fully complete the required tasks of managing your real estate. A general rule of thumb is that 30 to 40 properties are about all a property manager can handle at once.
Do they own rental properties themselves?
There are obvious benefits to hiring a real estate manager who is a rental property owner themselves. Someone who understands the importance of filling a vacant property, taking care of tenants, and enforcing the rules of a leasing agreement because they have had personal experience with owning a rental property may prove beneficial when seeking to fill your need for property managers. St George professionals of this nature can offer their services or even give you advice.
Will the property manager address maintenance issues?
Not all property managers cover the issue of maintenance for the rental properties they manage. One of the most time-consuming issues for the owner of a rental property is dealing with the responsibility of fixing leaky faucets or addressing flooded basements. Be sure that the management company you select is willing to handle these issues for you. There may be an additional fee involved, but in the end, the peace of mind of knowing they will help when something goes wrong is well worth the cost.
The staff at RPM Southern Utah prides themselves on providing thorough, efficient property management services to their clients. When looking for property managers for your rental property, consider Real Property Management for your needs. Visit their website to find out more about their services.
