For landlords, hiring a great property manager can mean the difference between a smooth and successful rental process and a messy process, which can ultimately end up costing them more time and money. Jason McGuire of Real Property Management took some time to answer a few of the most commonly asked questions in regards to finding a great property manager.
How do most people find a property manager?
When setting out to find a property manager for the first time, most people look to the internet to give them the answers they are seeking. Online searches can help you to get a better understanding of who's out there. Although online searches can be a great jumping off point, it can be more helpful for people to look for property managers that are working in their neighbourhood, or near their place of business; this makes the connection more personal.
What are three things to look for in a great property manager?
Number one on the list of what to look for in a great property manager is trust. The person that you choose to be your property manager will be looking after what is most likely your largest financial asset. They will be the ones directly interacting with your tenant and therefore it is extremely important that they are someone you can trust. Some other things to look for are accreditation and reviews. You're going to want to make sure that they have the formal training and the knowledge to take on the job. Reading online reviews will help you to get an unfiltered opinion of your potential property manager. It can be extremely difficult to get online reviews taken off of the internet, so you'll get to read both the good and the bad about their service.
What are some key questions to ask a property manager during the hiring process?
When hiring a new property manager, you're going to want to know about the systems and the tools that they use. Some good questions to ask a potential property manager would be,
How can I go about renting out my property?
What can I do to get more rent for my property?
How can I make the eviction process simpler?
and more specific situational questions such as,
What does your company do when you encounter a situation like this?
Asking these types of questions can help you to understand how the property management company operates, as well as to understand how they will approach different situations that may arise. Please contact us with any further questions.