Did you know there are 10.6 million people in the US alone who own rental properties?
Many of these people choose to work with a property management company to take care of their investments.
If you've ever considered working with someone to manage your properties, it can be challenging to decide who to trust with this important job. So keep reading to learn five questions you can ask any potential options, so you understand their services and know if they're the right fit for you.
1. What Services Are Available?
Different property management services offer different things. So the first question you should ask is what they can provide you with because the answer here should give you a good idea if they offer what you need right away.
Generally, you want to look for:
- Rent collection
- Tenant screening
- Eviction assistance
The more tasks they can assist you with, the better.
2. How Many Properties Are You Responsible For?
Asking this question to a potential property manager helps you get an idea of how responsive they might be and how your property will be made a priority.
When you ask this, it's also an excellent time to get information about when they'll be available for you to contact and your tenants to reach out to.
3. Do You Have References You Can Show Me?
If you're considering a local property management company, they should easily be able to show you a few references from current and previous customers who appreciated their services.
Asking this can give you peace of mind and be the final push you need to trust them enough to move forward in the process.
4. How Do You Decide on Rent?
Rent is one of the most important things for you as a property owner. So knowing how they'll calculate a fair rent for both you and your tenants is crucial.
You want to ensure the process they use analyzes local market data and takes your specific property features into account.
5. What Can I Expect to Pay?
Depending on the package you choose or specific services the company offers, their fee can vary drastically.
It's wise to have a good idea of what to expect before moving too far along in the process.
You'll know when a company is right for you when the services they offer and the cost of working with them are 100% doable and fair from your perspective.
Find the Best Property Management Company With Ease
With so many companies offering management services, narrowing down the list might feel stressful.
Thankfully, if you ask any potential property management company these questions, you should quickly get an idea if they're a good fit for you.
If you're looking for property management in Pittsburgh, please don't hesitate to reach out to us today so we can answer any questions you might have and show you why we're an excellent option for taking care of your properties!