For one reason or another, you have decided to hire a property management company. Whether you became too busy to manage your Provo properties yourself or you moved away from the area, it is important to find an effective property management company you can trust. After all, your management company will represent you and if you choose poorly, they could be the downfall of your rental property. Here are a few things you should look for to find a great company.
Experience definitely isn’t everything. A company can get by for a long time without doing a great job, but a company is more likely to do a great job if they have been around for a long time. Mature companies have had time to make mistakes and learn from them. They have found out what works and what doesn’t. If you are your property management company’s first client, there are likely to be some bumps in the road. Still, how long your management company has been in operation does not directly equate to their success. You should always look into all of the reviews available. If there aren’t many, but the company has been around for a while it could be a bad sign. Do your research. Find out what properties they have managed in the past. Ask for references and call them.
Balance is essential to an effective property management company in several ways. First, an effective property manager must strike a balance between patience and aggression. They should be patient with tenants, but they should be aggressive about collecting rent or demanding fast maintenance from a subcontractor. An effective property management company should also be able to balance time. Rental property management requires a lot of time and attention for a million different small tasks. An effective rental property manager should be organized enough to keep track of all of these things and make a plan of attack to get them all done. If a property management company cannot describe their organizational strategy, they may not have one. That is a serious red flag.
Whatever property management company you hire, they should be passionate about their job and passionate about your property. Those who argue against hiring property management companies warn that no one will ever care about your property as much as you do. While this might be true, try your best to find a property management company who cares. If they see your property as an investment, they will work harder. When they work harder, both you and your tenants will be more satisfied. Find someone who loves what they do and recognizes the importance of your property.
At Keyrenter Provo, we have all of those qualities. We care about your property and its success. We will help you make the most out of your property with our tried and true tenant screening process, pain-free eviction process, thorough property inspections, and 24/7 maintenance services. Give us a call to find out what we can do for your property!