For Property Management Jobs How Do You Pick the Best Manager
Are you a rental property owner who is worn down by your property management jobs? Then read on to find out how to pick your perfect property manager who can help you manage both your tenants and real estate today.
What Can a Property Manager Help You with?
The following are the more crucial property management jobs that a property manager can do for you:
- Find new tenants for your rental property if it is unoccupied and screen any potential tenants by interviewing them and running credit checks.
- Help you maintain your property in habitable condition according to the local health and safety codes. This will include making any property repairs if necessary.
- Collect rent from your tenants and prepare an income statement of your rental property so that you can monitor how well your property is doing financially.
- Attend to any requests and complaints that your tenants may have.
- Handle any problems that are caused by nightmare tenants and evict them if needed.
How do You Pick Your Perfect Property Manager?
The first rule in hiring a property manager is to make sure that he is licensed by your local housing authorities. This is one way of picking someone who has at least gone through some formal basic training to watch over your rental property.
Just like any other employer, you should always interview your property manager before hiring them. During the interview, take the chance to ask him for his past experience and references for the properties that he has managed before. You should also give his past employers a call to ask them for their opinions on his skills as a manager.
Ideally your manager should have at least 3 years of experience in handling property types that are similar to yours. If you have a residential townhouse, his experience in managing commercial shop fronts may not be helpful because the difference in the laws and tenant's needs.
Some real estate agents manage properties and tenants for their client part time. While their services may be cheaper, I will highly recommend that you choose a professional property manager because running a rental property demands quite a lot of skill and attention.
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