What are the questions to ask a property manager? You might have a brand new property that you have just hired or you have an old property and you need someone to look after it, manage the tenants, collect rent or make sure a new tenant is a good fit to live in the property. This is where a property manager comes in. Having a property manager will free up a lot of your time and take away a lot of the stress and work it takes in owning a property.
But before you hire your first or new property manager in Orange County you should ask them a few key questions to make sure that you are making the right decision when it comes to your investment. We will outline some of the most important questions you should be asking your new potential property manager in this article.
- What are all the services that you offer to new clients
You want to make sure that your new property manager is offering a wide variety of services, that way you won’t have to look elsewhere to fill your needs. You can get everything that you need to get done with one property manager. Some of the things they should be offering is be able to market, lease, manage and sell your property as well as screen new potential clients on your behalf to make sure they will be a hassle-free tenant.
2. What experience does your company have in managing rental properties
Experience is a major key when it comes to property management. If they are a brand new company with not a lot of experience you most likely will have some frustrations with that particular property management company. On the other hand, if the company has got some years of experience under their belt they will be able to handle the management of the property/properties with much greater ease. They will have the experience to handle any situation and also offer you some key tips on various ways that you can improve your property for more rental income for example.
- What are the conditions for cancelling my property management contract?
When you hire you property manager you will have to sign a contract with various terms and conditions, it’s essential that you also know the terms and conditions of cancelling that said contract in the instance that you decide that you no longer want to have a property manager or if you have found another company that offers more benefits and so on. The most important thing here is to make sure that you read the terms and conditions of the contract thoroughly before you sign it, you can even consult a professional lawyer in the case that you are not familiar with the terminology used in the property management contract.
So in our opinion these are the three most important questions you should be asking your potential property manager before you make the decision to take them up on their services and sign a contract. Obviously this is just scratching the surface of what you can ask but in our opinion these are the most important questions to ask.