What to Look for in a Property Manager |
Posted: May 8, 2022 |
While using a property manager for your investment property may mean extra fees compared to doing it yourself, ultimately, choosing the right property manager can save you time, money, and hassle. The reality of having an investment property is that as a landlord, sooner or later you will inevitably face situations like late rent, property damage, and evictions. One of the main advantages of having a professional Property Manager is that they take care of these situations for you:
However as with any industry, there are both good and bad, so here are some tips on what to look for in a property manager. What to look for in a Property Manager:
Here are some specific questions, to help you establish if this is the right Property Management Company for you:
And perhaps the most important question to ask is: How many properties will my property manager oversee? While experience is important, an agent that is managing too many properties can be problematic, resulting in poor communication and customer service. Should you DIY? Some choose to go it alone and self-manage their investment property as a cost-saving measure, however this can all too easily be a false economy. There are a number of things that can mean that you will be getting a lot less return on your investment. For example:
Choosing the right property manager is essential for a hassle free and profitable investment!
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