Tips for Selecting a Property Management Company

Selecting and hiring a Property Management Stockton company to oversee your rental property is one of the most important decisions about your property that you will make. While searching for a manager, there are a number of things to consider. Taking your time to ask questions and understand their terms is key to having a good working relationship and returning on your investment.

Fees

It’s important to establish how much money the property management company charges for their services. All management companies will charge a fee each month to manage for your property. The amount of these fees can range from as little as 5% to more than 25% of the monthly rental fee. Ideally, you want to look for a company that offers you the most service for the lowest fee. It’s important to noteĀ  however, that the cheapest price isn’t always the best. Always consider price and service.

Ease of Communication

Having a management company that you can easily communicate with is also ideal. In fact, it’s one of the most important factors to consider. You need a company that will quickly respond to your emails and calls. A company that isn’t willing to communicate with you isn’t worth doing business with. You want a company that makes a point to communicate with you on a regular basis to ensure that you have a clear understanding on the status of the property.

Contract

In the event that you find a management company that you are considering, take some time to review the contract. The contract will be crucial should the two of you ever decide to part ways or if any issues with services arise. The contract will clearly state the responsibilities of the Property Management Stockton company and any fees associated with their company. Examine the contract for any hidden fees or penalties before making a decision.

 

Maintenance Agreement

It’s also important to find out what type of maintenance services the management company will provide. Do they have a dedicated crew to handle repairs or will they need to hire an outside company? What type of repairs do they complete? These are just a couple of the important questions to ask. A management company that has an in-house team can save you money in the long run, so be sure to ask these types of questions.

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