When you’re hiring a professional property management company to preserve the value of your rental home, there are a few specific things you should look for. Today, we’re helping landlords and investors identify what they want in a property manager.
Look for a Management Company with Experience
Experience in the local market and the property management industry are important. When you begin contacting some of the companies that you might be interested in working with, make sure you ask about their experience. Find out how long they have been in business, and how many clients they are currently working with. You want to work with a company that has successfully managed properties like the one you own.
Choose a Company that is Medium-Sized
The size of the company is important because you want to balance capacity with customer service. A small company can be attractive because they can give you personalized service. However, they may be too small to handle the big projects and management challenges that you need. If the property manager in a one-person office goes on vacation, who will cover the repairs that your tenants need or the issues that may arise? In a large company, you can often feel like you’re getting lost among all their other clients. A medium-size company seems to be able to manage clients the best.
Research a Company’s Reputation
Look at a property management company’s reputation. Contact the Better Business Bureau, and see what people are saying about them. If a company has an A+ rating, they are probably pretty decent. We have had an A+ rating for a number of years, and we know that it’s a hard ranking to achieve. You also want to contact the Texas Real Estate Commission to make sure the property manager’s license is up to date. In Texas, it’s a requirement that property management companies and leasing companies are licensed through the Texas Real Estate Commission.
If you have any questions about finding the right property management company for your investments, please contact us at Residential Leasing and Management. We’d also be happy to tell you more about our services.