Thursday, September 10, 2009

Locating a Property Management Company


It is recommended that you interview at least two or three property management companies before deciding on the company who best fits your property and your needs.

Use the following guidelines. We believe a company should offer all of these services and at no additional cost to you.

1) High tenant retention. It isn’t the number of properties a company manages; its how do they manage the properties they have.

2) Attentive customer service. Do they pay attention to your needs?

3) Good lines of communication with owners. Are they easy to talk to and do they clearly understand what you are asking and wanting from them.

4) An attention to keeping costs low. Are they keeping costs low and within an acceptable range? Are they spending money on items that maintain the property and or increase its value?

5) Preventative maintenance. Do they do preventative maintenance? What does it include and how often is it done? Is there an additional charge for this service or is it included in the service provided by the property management company.

6) Inspection of units and property on a routine basis. How often and exactly what process is done and how often.

7) Good contractor supervision: Are they with the repairman or left alone in your rental.

8) What is the final cost to you for repairs at your property? Does the property management company charge you a fee for processing the paperwork for a repair?

Be sure every item that is important to you is included in your contract.

For additional information on this and other renting articles please visit our web site at http://www.mrpmrentals.com/

1 comment:

  1. Manager of the property is essentially a liaison between the landlord and tenant. The company provides complete management of all your assets. The company help you sell the property and rental management.

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