By the time you’ve made the decision to rent your property you’ll be aware of how much work is involved and how much of an impact it will have on your lifestyle. A perfect way to reap the benefits without adding any stress is to hire a property manager. By bringing in the professionals you’ll be able to sit back and relax knowing your property is in safe hands. True peace of mind comes with a reliable and experienced expert so continue reading for questions to ask when searching for a property manager before signing on the dotted line.
It’s possible that the person who facilitates your consultation may not be your assigned property manager. Asking the question early will save you time and enable you to meet with your designated professional before making a decision. Getting to know the person who will be getting up close and personal with your house will allow you to put a trustworthy face to the name. This will also give you the opportunity to ask any other relevant questions such as, how much experience do you have and how long have you worked for this particular company?
Excessive workloads and workplace pressure are something that we can all relate to. We also know that people who have too much work on their hands do not perform to the best of their ability and fall victim to mistakes and corner cutting. This is not something you want to find out the hard way from your new property manager. Asking this question early will help you determine whether you want to make the commitment. If they manage more than 120 properties you may want to start searching elsewhere.
Asking this question will help you determine what methods of advertising will be used and how they plan to attract potential tenants. Your property manager should be present during all viewings and should be targeting clients who will be right for your property. For example, if you’re looking for high earning, professional tenants then your property manager should be available after working hours and weekends to accommodate them. Methods such as online listings and “for lease” signs on the building are also valid.
Screening tenants is an essential part of the leasing process so your property manager should be able to clearly explain what screening tools they use to ensure your home is inhabited by the right people. The process should include a subscription to major tenancy database so your property management company can use this to start on assessing their suitability. Credit checks along with past rental history and employment references should also be standard practise.
You’ll need to know how many inspections take place per year and what they cost, be aware that this should be in line with current legislation that may differ from state to state. Also ask what type of report you’ll receive after the inspection and if there’s an additional cost on top of your standard fees. Regular inspections will give you peace of mind that you deserve and will give you an insight into how your property is being looked after.
By asking these questions you’ll be able to gauge how efficient and effective your property manager will be. Trusting them is key when it comes to enjoying the benefits that renting your property brings. If you’d like to know more about how My Rental managing your properties, then why not get in touch today and see how we can help!
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