If you own a residential property, you may not want to manage it on your own. There are a lot of tasks that come with managing a property, so it makes sense that you turn over responsibility to a company that focuses on these tasks.
You don't have to manage your property on your own. If you are looking for a manager, these are questions you can ask to ensure that you find the right manager for the job.
Do You Offer Online Rent Pay and Maintenance Requests?
Many tenants are happier when they have access to an online portal where they can easily pay rent. You can ask your potential manager if they offer a service or if they require paid access to this kind of portal. You can also ask questions about how this makes it easier for tenants to pay rent.
What Are Repairs & Replacements Like?
Next, you should ask about the process of repairing or replacing the home. How long will these repairs take? What kinds of costs are you looking at as far as replacements go? Will you have a choice in the appliances chosen as replacements, for instance?
What Is Your Fee?
You also need to know the monthly fee associated with having a residential property manager. You should know how this impacts the rent on your house and how this might impact those already living in your properties, if applicable.
How Do You Screen Tenants?
You also need to have some idea about how the property manager will screen potential tenants. You need to be able to trust him or her to choose tenants that are going to pay rent and not leave your house in a bad state.
How Do You Manage Lease Renewals?
Lease renewals can be a tricky subject, and a poor process could leave you without a tenant for some time. Ask the manager what kind of process they implement, including how much time the manager gives tenants before they have to report that they are moving for. For example, are residents required to give a 30-day notice or a 60-day notice?
What Is Your Inspection Process?
Finally, it's important to ask about home inspections. Does the manager check out the occupied homes every six months to make sure that things are in working order? How long is the property manager willing to go between inspections, and how does this impact you?
For more information, contact a company like Suncoast Leasing and Management near you.Share