After making the decision to hire a professional property manager, it can seem like a daunting task to try and select one from the thousands available. Professional property management companies are as diverse and specialized as their managers and as such, it is important to know what to look for before hiring one.
Before you start looking for a company, first identify your needs and goals for the property. Would you like a large management company with multiple locations and resources? Or would you prefer a more boutique business with a personalized approach? Does your property require full property management services, or only partial? Do you need a manager who can live onsite? All of these questions will help you narrow what you are looking for, even before you send out your first inquiry.
Once you have selected a company, or a small number of candidates, keep the following criteria in mind:
Professional property management is a valuable asset to any investment property. With the help of professional services, it is possible to reap the maximum benefits of a real estate investment with little to no strain on your time or schedule.