5 Things to Consider When Searching for a Property Manager

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Searching for a Property Manager?

Here's what you should be asking Google

Are you looking for a property manager to help you with the day-to-day tasks of owning and maintaining rental properties? If so, there are many things to consider when searching for the right property manager.

Property Management Services:

First, consider what type of property management services you need. If you own a residential property, such as a single-family home or apartment building, you may want to look for a property manager who specializes in residential property management. On the other hand, if you own a commercial property, such as an office building or retail space, you may want to look for a property manager who specializes in commercial property management.

A new common service is vacation rental management for all of the AirBnbs and VRBOs popping up across the nation - especially resort areas like mine near Lake Norman NC.

Additionally, be sure they provide all of the services you need. Tenant screening, maintenance, even accounting?

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Property Management Near Me:

Next, consider the location of the property manager. If you want someone who is familiar with the local market and regulations, you may want to search for a property manager located near your property. You can use search terms such as "property management near me" to find local options or ask your neighbors in the local Facebook groups. I frequently get information for handymen, cleaners, and others in my local Mooresville, NC group: What's Up In Mooresville Area

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Property Management Reviews:

You may also want to consider the reputation of the property manager. Look for reviews or ratings online to find a reputable and reliable property manager. You can also ask for references or speak with other property owners who have used the property manager's services. Do not be scared to ask the managers for an email or number of a client - ask that client how they feel about the property manager. Google and Facebook are other great sources to get recommendations for a good PM.

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Property Management Software:

In addition to traditional property management services, you may also want to consider property management software or online tools. These tools can help the company manage your properties remotely, track rent payments and maintenance requests, and communicate with tenants. If you go with an old-school property manager, they may still be collecting rent through the mail (lost?) and using a fax machine.

You and the tenants could both benefit from doing online banking and streamlining the whole business. It really makes it simpler for everyone. Some management software like RentRedi even gives tenants a credit boost if they set up direct auto payments every month.

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Property Management Contracts:

Finally, be sure to thoroughly review any contracts or agreements with the property manager before signing. This will help ensure that you fully understand the terms of the agreement and avoid any misunderstandings down the road. I'll have more articles on the individual contracts you'll need from everyone's perspective - the homeowner, the tenant, and the manager. 

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By considering these factors, you can find a property manager who can help you effectively manage your rental properties and provide a positive experience for your tenants. Whether you need assistance with rent collection, maintenance, tenant relations, or all of the above, a property manager can take on these tasks and help you focus on other aspects of your business or personal life.

If you need Property Management services around the Lake Norman area (Charlotte, Mooresville, Davidson, Cornelius, Denver NC, Sherrills Ford, Statesville, etc) then reach out anytime! We're Wishlist Property Management.