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If you’re on this page, you’re likely seeking property management services, whether as a board member, homeowner, or landlord. Here are some tips to help you find the right company.
First, clarify your current goals.
It doesn't matter if you're part of a community association or a landlord; identifying your most important goals is crucial. Are you focused on staying within budget?
Finding qualified contractors for necessary work?
Saving money?
Or providing systems to streamline operations?
Knowing your goals will enable you to ask the right questions during your search.
If you’re considering a new management company, reflect on what you disliked about your previous management experience. Being explicit about your dissatisfaction will help narrow your search. A common complaint we encounter is that larger companies often have high turnover rates, leading to frequent changes in property managers, sometimes as often as every four to six months. Additionally, communication can suffer because they must consult "upper" management for answers.
Be cautious with 3- to 5-year contracts or agreements that are difficult to terminate. Not all partnerships are equal, and you shouldn't work with people who are challenging or unpleasant to deal with. Life is too short for that!
Seek referrals. People are generally reluctant to provide the contact information of someone who is untrustworthy, so referrals typically come from those who have had positive experiences. When gathering referrals, ask the following questions:
- How long have you been associated with the property management company?
- Why did you choose them for your management needs?
- What do you consider their standout quality?
- In what areas could they improve?
- What other property management companies have you worked with in the past?
- When viewing their website, do you clearly understand who they are?
By following these guidelines, you can make a more informed decision when selecting the right property management company for your needs.
First, clarify your current goals.
It doesn't matter if you're part of a community association or a landlord; identifying your most important goals is crucial. Are you focused on staying within budget?
Finding qualified contractors for necessary work?
Saving money?
Or providing systems to streamline operations?
Knowing your goals will enable you to ask the right questions during your search.
If you’re considering a new management company, reflect on what you disliked about your previous management experience. Being explicit about your dissatisfaction will help narrow your search. A common complaint we encounter is that larger companies often have high turnover rates, leading to frequent changes in property managers, sometimes as often as every four to six months. Additionally, communication can suffer because they must consult "upper" management for answers.
Be cautious with 3- to 5-year contracts or agreements that are difficult to terminate. Not all partnerships are equal, and you shouldn't work with people who are challenging or unpleasant to deal with. Life is too short for that!
Seek referrals. People are generally reluctant to provide the contact information of someone who is untrustworthy, so referrals typically come from those who have had positive experiences. When gathering referrals, ask the following questions:
- How long have you been associated with the property management company?
- Why did you choose them for your management needs?
- What do you consider their standout quality?
- In what areas could they improve?
- What other property management companies have you worked with in the past?
- When viewing their website, do you clearly understand who they are?
By following these guidelines, you can make a more informed decision when selecting the right property management company for your needs.