Did you recently hire a property manager to manage your portfolio of rental properties but now you’re starting to feel like it’s possible they may be a subpar property manager? If so, you’ve come to the right place!
In this article, we will provide you with a list of clues to follow that will help you to know if you’ve indeed hired a subpar property manager or not.
They Don’t Communicate with You
The first clue that you hired a subpar property manager is if they do not answer your attempts at communication with them.
Communication in today’s world is easy; there are so many ways to communicate with people so it’s impossible for a property management company to not have a multitude of communication options available at their fingertips for their renters or owner clients to reach them.
If your property manager is not communicating with you via phone, text, email, fax, or any of the multitude of other communication options available online, you should rethink your choice of a property manager because they may cost you time and money in the months to come.
Your Property Has Been Vacant for More Than 30 Days at A Time
Another clue that you’ve hired a subpar property manager is if your rental property has sat vacant for more than 30 days at a time. If this occurs, it’s definitely a good sign that your property manager is not doing their best work to rent your property as soon as they possibly can.
Their Fees Are Too High
So far, we’ve offered you very good points that you can use to verify that you hired a subpar property manager. If you’re still not sure if you hired a subpar property manager or not, another thing that you should look at is the property management company’s fees.
Specifically, the fee that you should be paying on a monthly basis should be no more than between 8 and 12% of the monthly rent. If you are being charged more than between 8 and 12% in fees, you should think twice about continuing your relationship with that property management company and consider choosing the services of another company to manage your rental property for you.
To learn more about how you can know if you hired a subpar property manager, or to speak with us about the property management services that we can offer you, contact GoldenWest Management today by calling us at (866) 545-5303 or connect with us online.
Investment Property Solutions
CA LIC# 071791904