Hiring a property manager is difficult. Hiring a great property manager is even more difficult. Asking the right questions and getting the answers that make sense for your needs is paramount to the long-term success of your property and sanity. Like any good relationship, communication and trust are the hallmarks for a successful partnership. Following is a list of forty questions to help you on the road to selecting your best property manager:
Why should I use a property manager?
What are benefits of property manager?
What professional property management designations have?
What makes Advent Properties, Inc different then other companies?
Should I allow pets in my rental? Can I get more rent? How am I protected?
How quickly do you respond to maintenance requests?
How long will it take to lease my home/apartment?
Can I cancel my contract if I am unhappy with your services?
What geographic areas do you cover?
How many employees do you have? Does one person only handle my property?
How much money should I be setting aside for repairs/maintenance?
Do you make me keep a reserve fund with your company?
What happens if a resident doesn’t pay rent?
Do you do 3-day notices?
Do you know about rent control?
What is rent control?
What is eviction control?
Do you manage commercial property?
Do you manage multi-family property?
How do you handle roommate move outs?
What happens when my residents give notice to move out?
Do you do lease renewals?
Who do you use for maintenance?
How often do you visit my property?
Do you have gardeners?
How do you handle maintenance calls during nights and weekends?
When are you open?
How do residents pay rent?
How do I receive my payment from you? When?
What does the leasing fee cover?
Where do resident late payments go?
What kind of reports can you provide me?
Can I still talk to residents?
I live on property, can you still manage?
I want to rent a room out in my home, can you lease it for me?
Do you do “lease up” only?
Is it best to advertise while the unit is still occupied?