Your rental property is your livelihood, so you’ll want to take the proper steps to make sure you’re hiring the best manager to oversee it. Hiring the wrong person can lead to increased vacancies and lost rent.
You wouldn’t rent your property without screening the tenant first, and you should be just as thorough in choosing your property manager.
Finding a property manager you can trust and work with long-term requires patience and careful vetting. Start your search for a property manager by asking friends and family members for referrals. After receiving names of several property management companies in your area, narrow down your list based on referrals from friends, family, co-workers, and online reviews.
After narrowing down your list, you should interview property managers just like you would any prospective employee. Once you put your home into their hands they are working for you. Therefore, you must do your due diligence before you hire your property manager.
About three to five interviews is a great number to start. Hopefully, you will identify someone within this initial group. Give yourself at least 30 minutes for each call and be prepared with a list of questions. Ask the same questions to each candidate so you can easily compare their responses.
Questions you definitely want to ask include:
- What is your management fee?
- How large is your staff?
- Do you have a 24-hour number that tenants can call if there is a late-night emergency?
- Do you help with finding a tenant?
- If so, what is your fee for that service?
Finding a property manager you trust can be difficult – but thanks to the Charles Burt Realty team, it’s not impossible! Get in touch with our rental property managers in Joplin today!