The Top 10 Questions to Ask When Choosing a Property Management Company
If you are considering hiring a property management company, it's important to choose the right one. To make the best decision, you should ask a range of questions to get a sense of the company's expertise, experience, and approach to property management. Here are the top 10 questions to ask when choosing a property management company:
How long have you been in business? A property management company with a long history in the industry is likely to have more experience and expertise.
What is your approach to tenant screening? Ask about the company's process for screening tenants, including background checks, credit checks, and employment verification.
How do you handle rent collection and tenant payments? Ask about the company's process for collecting rent, including how it tracks payments, handles late payments, and enforces late fees.
What is your approach to maintenance and repairs? Ask about the company's process for handling maintenance and repair requests, including how it responds to emergencies and how it communicates with tenants.
How do you handle legal issues? Ask about the company's experience with legal issues and its approach to complying with landlord-tenant laws.
What are your fees and commissions? Ask about the company's fees and commissions, including any upfront costs, ongoing management fees, and charges for additional services.
How do you handle tenant complaints? Ask about the company's process for responding to tenant complaints, including how it communicates with tenants and resolves conflicts.
Can you provide references? Ask for references from current or past clients to get a sense of the company's reputation and performance.
How do you communicate with clients? Ask about the company's process for communicating with clients, including how it keeps clients informed about their property and any issues that arise.
Can you provide a written contract? Ask for a written contract that outlines the services the company will provide and the fees and commissions it will charge. This will help to ensure that both parties are clear on their obligations and responsibilities.
By asking these questions, you can get a better sense of a property management company's expertise, experience, and approach to property management. This will help you to choose the right company for your property and ensure that you are getting the best value for your money.
When it comes to managing your properties, Genesee Property Management has you covered. From first-time investors to seasoned pros, we know what it takes to succeed. Let us provide you with peace of mind in the Flint Michigan area.
