Many people starting in the world of tenants and landlords take on the property management job themselves. These people often find themselves overworked and exhausted, despite hearing about how “passive” rental income is.
Your best bet is to hire a property manager to take care of the tedious day-to-day activities for you, but how do you know you’re picking the best one? Read on to learn three tips for choosing the right property management company.
Seek Out Specialized Experience
Property management requires expertise in several different fields. It isn’t enough for a company to know all the current federal laws if they can’t remember state and local ones, too. Look for a property management company that has specific experience with the type of investment you hold—don’t try to use a commercial property management company for a residential space.
Additionally, it isn’t enough to understand the real estate industry. Many real estate agents also moonlight as property managers—you want to find someone who can focus solely on your property, not someone who does this as a side gig.
Look for Good Communication
Communication is a critical asset, and it’s one people often overlook. But imagine a property management company that takes days to respond to your emails and calls, replies brusquely, and doesn’t make you a priority. If that’s how they treat their client, think about how they must be treating your renters!
Always look for companies that will reply promptly and treat you with the respect you deserve. If you’re looking for a professional property management team in Smyrna that considers good communication a virtue, don’t hesitate to reach out to us!
Check Their References
Before you pull the trigger on any company, read reviews and check references. Scour their Google and Yelp reviews, check out their social media pages, and do anything else that will make you feel comfortable choosing them. One or two bad reviews in a sea of thousands of good ones shouldn’t sway your opinion, but look for trends to learn what issues you may have to put up with.
Now that you know our tips for choosing the right property management company, find yourself the best managers in your area!