What are the top 5 Questions you should be asking when choosing a Property Management Company?

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By GoldenWest Management

Are you planning on hiring a property manager to professionally manage your San Diego, Phoenix, or Las Vegas rental property? If so, there’s no denying that choosing a property manager can sometimes be an intimating process, especially if you’ve been managing those rental properties yourself, but thankfully you can hire a property management company with confidence if you ask them the following questions.

Question #1 – What Services Do You Offer?

This question is important to ask because you want to know that your property management company offers “full services” including rent collection, tenant screening, customer service, maintenance, and rental property marketing instead of just offering you one service.

Question #2 – How Many Properties Do You Manage?

Their answer to this question is also vital for you when choosing a property management company because if they are managing only a few rentals, this could be a sign that they are a newer company and don’t have the experience to professionally manage your rental property.

If they have too many rentals, this could be a sign that they might not have the staff to efficiently manage your properties and you should use caution before hiring them since you want to have confidence that they will have the staff to professionally manage one or all of your rental properties.

Question #3 – How Will You Determine the Correct Rent Amount for My Property?

Once you have confidence in their ability to manage your rental property you will next want to find out how they will determine the correct rent amount for your property.

Instead of hiring a property manager that suggests the highest rent possible for your rental property, you should choose a company that will do a comparable market of available rentals and properties that are currently on/off the market to determine the correct rent for your rental property.

Question #4 – Are You an Active Investor in The Local Real Estate Market?

Regardless if your rental property is located in San Diego, Las Vegas, or Phoenix, you also want to hire a property management company who has local market experts that are actively investing in the local Real Estate market. This will show you, their knowledge of the local market because they are invested in it themselves, and this means they will also offer you the best advice and service based on their professional experience.

Question #5 – What Are Your Management Fees and Or Pricing Options?

Last of all, but most important, don’t hesitate to ask them about their management fees and pricing options because the last thing you want to do is to choose a property management company that you like only to have the relationship ruined later on due to their excessive or hidden fees.

Get Property Management Here

For professional property management contact GoldenWest Management today by calling us at (866) 545-5303 or click here to connect with us online.

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