Whether you plan to let a house, studio flat, or a room, a property management agent is a worthwhile and valuable resource to simplify the entire process. But, finding the right person or company to manage the property is a major decision, so it is essential to put in the time to conduct the necessary research. Useful qualities include actual experience, honesty and organization.
Here a few things to consider in the process of choosing a property management agent:
Time in business
The best property management agent has been in business for a number of years and has built up a solid reputation. Those with decades of industry expertise will have the knowledge and contacts to easily solve issues related to maintenance, emergency response, accounting and legal issues. They will have the expertise to take control of virtually any issue and make sure the property and tenants are well cared for at all times.
The company with a low volume of properties to manage may have the ability to devote more time to provide a reliable service. Even thought the small, family run business can give the more dedicated service, there is no need to discount the larger companies. They may have greater depth of resources and experience. It may be worth getting in contact with both types to see who it able to match the specific needs.
Contact with the management team
The ability to easily get in contact with the management team is certain to be an appealing quality. This means any decisions or issues can be handled that much quicker. The most established teams will provide a variety of solutions for getting in touch. It may also benefit to use one that uses the latest property management software for the convenient and direct communication.
Any long-establish company will have the ability to easily provide past customer testimonials, reviews, or references. Try to look for reviews that relate directly to the specific type of service you are interested in.
Terms of contract
The length of the contract can vary with a typical full-service contract lasting in the region of one or two years. It is useful to not only check the length of the contract, but also fees or penalties that may come from terminating the contract early.
The services offered can vary quite significantly between the different companies. It is worth checking to see if services like fund collection, preventative maintenance, or strategic planning are included. Also, if there are specific needs, it is worth checking that they can be met.