How To Guarantee The Best Property Management Company
Not every property management company is created equally and finding a good manager can be tricky. Here are three simple interview questions on which you can ask a qualified Salt Lake City property manager that most people wouldn’t think to ask. You can always add more as you continue your screening process but asking these questions will help you learn a lot about the person you are hiring so that you can make the best choice possible.
1. Does your Salt Lake City property management agent own rentals themselves?:
If the answer to this question is no, then be cautious. Effective rental property management is about blending knowledge with experience, and if someone isn’t committed enough to “own their own product” so to speak – then that should be a giant red flag.
2. What technology does your Salt Lake City property management agent use?:
Like many industries, the management industry has been revolutionized by new technology that improves efficiency and reduces costs. Managers who use services like management software, advertising syndication, and automated showing systems are providing their clients with a level of service that old school managers simply can’t match. This will help you save money and time.
3. Is your Salt Lake City property management agent lenient with tenants?:
If so, I promise their leniency will soon become a problem for you. Tenants will start to pay at their convenience, violate the rules, and generally do what they please if there are not strict consequences for bad behavior. For example, it’s common for a manager to waive a late fee, in order to “be nice”. The problem is that by doing so, they are really only encouraging additional late payments because the tenant has faced no consequences. Stop the problem before it even begins by enforcing rules.
These are only a few of the questions you can ask your potential property manager but these ones are arguably the most important. It is essential to have an understanding of who your property management company is before signing any contracts. Your home is one of the most important aspects of your life and it is advisable to hire the most trusted property management company. If you’d like to learn more about how to qualify a Salt Lake City property management company, then contact us today.