Whether you a board member, homeowner, or landlord most likely looking for property management if you clicked on this page. In order to help you hire the right company here are a few tips for you.
- What are your current goals? It doesn't matter if you are a community Association or landlord, what is the most important goal for you? Is it staying within budget? Is it getting qualified contractors to do the work? Is it saving money? Is it providing systems to make things streamlined? Know what your goals are so you can ask the right questions.
- If you are looking for new management what are the things you didn't like about your old management? Getting crystal clear on what you didn't like will help narrow down the search. One of the things we hear over and over again is that bigger companies have a lot of turnover and they get tired of getting assigned a new property manager every 4 to 6 months or they can't get answers for things because they need to check with "upper"management.
- Be wary of 3-5 year contracts or contracts that make it difficult to get out of. We understand not all partnerships are created equal. Why work with people that is difficult or you don't like, life is too short for that.
- Ask for referrals. Nobody will give you a name and number of someone who is unable so referrals are those individuals who are going to give 5 star reviews. However, when talking with them ask these questions:
- How long have you been with the property management company?
- Why did you hire them?
- What is their greatest quality?
- What can they do better?
- Who have they had has property management companies in the past?
- When looking at their website, can you get a sense of who they really are?