What if all your Contra Costa County, CA investment properties ran on their own? You've received rent payments, started marketing, and maintenance is scheduled. With help from a rental property management company, it's possible.
Don't hire the first property management team you find! After all, there are 296,477 businesses throughout the country. Instead, use these tips to do your due diligence.
Discover property management services that will help you operate more efficiently. Hire the best property managers today.
Look for Experienced Teams
With the property management industry growing each year, new teams constantly start offering services. A newer business is more likely to make mistakes. Instead, look for a long-established management business.
Determine how many rental property owners they've helped within that time. Ask how many properties they're managing now.
If they're managing too many properties, they may neglect yours. Confirm that the business has the resources to meet your expectations.
Consider the types of property management they have the most experience with. If they manage commercial properties and you own residential, keep searching.
Look for a rental property management team with local expertise. They'll ensure you keep up with housing laws and regulations. Otherwise, you could receive fines.
Discuss Property Management Strategies
Look for a company that can customize its property management strategies based on your needs. Companies that tailor services are more likely to ensure your success.
Ask each company about the resources they use. Choose a company that relies on state-of-the-art technology. Their tools can ensure efficiency and accuracy.
For example, they may provide you with access to an online tenant portal. The portal allows tenants to:
- Ask questions
- Schedule maintenance
- Pay rent/automate payments
Using an online portal can increase tenant satisfaction (which could lead to more lease renewals). You can easily avoid missing messages.
Consider Property Management Services
Choose a full-service property management company. Their services can cover:
- Property marketing
- Evictions
- Maintenance and inspections
- Legal aid
- Tenant screening
- Rent collection
Look for a company that can help you accurately value an investment property. Their understanding of the local market will help you set competitive prices.
Hear From a Rental Property Owner
Read online client reviews for each company on your list. Hearing from another rental property owner can help you make an informed choice. Check Better Business Bureau and Google Business for reviews.
Look for comments about the company's services, responsiveness, and professionalism. If clients experience delays, you will too. Instead, look for a company that offers constant support.
Did the property investor experience issues with their property manager? Look for notes on how the company resolved the issue.
Find a Rental Property Management Company
Don't hire the first rental property management team you find. Instead, use these tips to review your options thoroughly. Choose a company that can accomplish your goals and help you thrive in today's competitive market.
Our team at PMI Contra Costa has 20 years of industry experience. We use award-winning strategies to help clients maximize their profitability.
Rely on our experience and state-of-the-art technology to ensure your success. Contact us today to meet your property manager.
