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8 Keys to Finding the Perfect Property Manager

May 1, 2019 by Dale Corpus Leave a Comment

1)   Do your homework – Do a full background check on the agent you want to hire and the company they are with.  Look them up with the BBB & RICO (Regulated Industries Complaint Office)  You are entrusting this person with a HUGE asset of yours.

2)      Cost – What is this person going to do for his/her fee?  The more they do the higher the cost.  You want your manager to give you the most service for the least amount of cash.8 Keys to Finding the Perfect Property Manager

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3)      Inspections – A lot of property managers inspect units once a year.  This doesn’t help you if they’ve put a bad tenant in your unit.  You won’t know you have a problem until your place has been destroyed.  Look for quarterly inspections done by a property manager.

4)      Screening – Find out how the Property Manager screens potential tenants.  You want full credit & background checks done.  People with good credit tend to keep the units in good condition, pay on time & are less likely to skip out on a lease.

5)      Compatibility – If you don’t get along with the agent while screening them, things will not get better with time.  Your first impression is very important.

6)      References – Ask the agent for references from other owners.

7)      Properties – Find out how many properties the agent manages.  You don’t want to get lost in the shuffle if an agent is overwhelmed with properties.

8)      Experience – You want an agent with experience.  Remember this person is managing your home.

These simple rules will save you a lot of heartaches and can also be applied when you are looking for an agent to sell your unit.  Remember, you are buying a service, do your homework!

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Filed Under: Tri-Valley Real Estate Investors Tagged With: investing, property manager

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