Property management companies offer valuable services to property owners, however if you are a renter, a property manager can still benefit you. Property managers can be a valuable asset to tenants in a number of different ways. Here are some benefits of renting through a professional management company.
Renting through a property management company means that you are guaranteed to have your residence taken care of in a swift manner if there is a problem. Property managers are experienced in dealing with all sorts of issues, they have probably seen or heard of just about everything. Property management companies also have a list of professionals that they can call to take care of any repair and maintenance issues.
Keeping it Professional
The majority of property managers are known for keeping things professional in their dealings. They aren’t really looking to get to know you personally, but they do want to establish a professional relationship with you and do their job.
Property managers are normally on duty for long hours and always provide a way for you to get in touch with them if there is an emergency. Regardless of what the situation is, the property management company should be in contact quickly if you need help.
Once you have rented with a property management company, you should have a stress free time looking for another place if you have to move for some reason. Property management companies normally manage multiple properties and will likely have an opening in the area that you are looking at. Because of your established track record with the property manager, you can avoid a stressful process in regards to relocating.
Now that you know the benefits of having a property manager, how do you find the right one? Here are some important things to do while you are searching.
Talk to different real estate agents and property owners in your area, they can help you find a lot of great options. Get a list of different property managers or companies that your contacts have used. Keep in mind, referrals can be biased, that’s why you should cross check any that you receive.
Look At Their Current Work
Look at some of the property manager’s current clients. Are the properties clean and well maintained?. If possible, try to speak with some of the tenants that are being currently managed. Ask if they feel their complaints are being addressed properly.
Search Online For Property Managers
Search online for different property management companies in the area you want to live. You can enter the size of your property and your desired location and a list of property management companies in your area should show up. Be sure to check review sites for the companies in question, you would be surprised how helpful some can be in pinpointing problems. Contract the Better Business Bureau to see what kind of rating the company has and whether any complaints have been filed against them. You can also check with the BBB online.
Look to interview several potential property managers and companies so that you can compare them and find out which one best suits your needs. Look to ask questions about their education and experience and whether they understand tenant law. Check to see if the property managers are dismissive of any of your questions. That is a red flag to avoid that manager.
Examine Their Management Agreement
The management agreement should define the responsibilities of the property manager. Make sure that those are the same terms you had initially discussed during the interview. Pay attention to the contract terms involving the services provided, fees charged and the responsibilities of the owner.
Check Their Certification
The property manager should also be certified with a trade organization, such as the Institute of Real Estate Management, National Apartment Association, and the Community Association’s Institute. These organizations offer certification after the manager has finished their training program.
This guest post is courtesy of Rooftop Real Estate Management, a property management company Idaho Falls, ID residents and property owners have come to trust due to excellent service.