Tips for Selecting a Property Manager

by | Jul 3, 2013 | Real Estate

Recent Articles



Hiring a professional property manager in Inverness may be one of the smartest decisions you can make.  However, you cannot just hire the first manager that you find in the local yellow pages or online.  You need to spend a significant amount of time researching numerous local companies before you make a decision.  A skilled property manager needs to meet your needs, so you need to follow multiple tips to select the right one.

Ensure They Can meet Your Needs

When you first choose a property manager, you need to figure out exactly what type of services you want them to cover.  This is the first step because not all management companies will offer full-service solutions.  To determine what your needs may be, you need to consider how much time you want to free up, and you need to determine what your budget is as well.  A list will then need to be compiled of the services you want to request.  When you are interviewing management firms, you will need to get a full list of their service offerings to ensure they will be able to cover all of your current and potential future needs.

Look for Longevity and Experience

Spend enough time to find out as much information as you can about management companies in your local area.  Longevity and experience are very important, so they should be high on your priority list when you are selecting a company.  Properties do not come cheap, so you need to ensure the company is capable of handling the properties you have in your real estate portfolio.  Skill, dedication, great communication skills, and local experience are all things you should never sacrifice.  If the company does not possess the qualities that you want, then move to the next one.  It is crucial to have a company on the job that you trust.

Licensing, References, and a Solid Understanding of Local Regulations

You can save yourself a ton of time and money in the future by checking if the property manager has the right licenses to work in your area.  They need to understand all of the rules and regulations of the state where your property is located, and they should provide several references.  Make sure you contact each reference to ensure the company is professional enough to meet your needs.

Related Articles