This video outlines the Top Ten Questions to Ask Your Future Property Manager. If you plan to outsource the management of your investment property, ask these ten questions before hiring your new property manager.
Here are the 10 questions to ask your future property manager:
- What services do you offer?
Consider: Rental Marketing, Tenant Screening, Property Setup, Maintenance, Inspections, Rent Collection, Reports, Bill Payments, and more. See our services here.
- How many properties do you manage?
Too many? That can be overwhelming. Too few? That can show inexperience.
- How many years have you been in business?
Years in business equals experience. Property managers need experience in Tenant Screening, Evictions, Landlord Tenant Law and more.
- How do you determine rent amount?
This should be clear and strategic.
- What are your management fees?
Know all your fees up front. Avoid hidden fees! You can calculate our fees here.
- How do you collect rent?
This can determine if you receive rent early or late. Online payments are the ideal option.
- How do I get paid?
Direct wire transfers are fast and reliable.
- Do you conduct regular inspections?
Inspections should be scheduled regularly and include photos.
- What is your tenants screening process?
Ensure the use a proves process. Learn more about our 7-Step Tenant Search & Screen here.
- How often will I get updates?
Make sure you’re updated often.