Searching for the perfect property manager in Salt Lake City, St. George or Idaho Falls is a challenging process. The ideal property management partner has plenty of experience in the real estate industry, a proven track record you can trust, and the resources necessary to help you stay successful. When it comes to narrowing down your options, it often feels challenging to identify what exactly you're looking for in a management firm.
If you're on the hunt for a property manager for your residential property, use the following simple keys to narrow down the field of contenders hungry for your business.
Do your research.
Here's an ugly truth for you: some property managers aren't worth their salt. Don't entrust your home to somebody who doesn't have the experience or knowhow necessary to get you the results you deserve. One of the easiest ways to know you're speaking with a trustworthy management company is to do a bit of research.
What are consumer reviews like for this management company? Speak to other real estate professionals you trust. Have they heard good things or worked directly with the firm in question? A great firm should have a reputation that precedes them.
Ask the right questions.
Plenty of property management customers take big claims at face value, which can create a mountain of trouble. Don't go into a meeting with a property management company unprepared. Instead, be ready to ask the questions that will have a huge impact on the health of your rental property.
A few example questions to ask include:
- How many properties do you currently manage?
- What do you charge for leasing a property?
- How does your maintenance process work?
- When will I receive my rent payments?
- What associations do you belong to?
Talk about your property
Every residential property on the planet has its own unique set of challenges. Don't treat an interview with a property manager like a hypothetical situation—instead, talk honestly and openly about your home or your portfolio of properties.
What are your investment goals? Do you have specific expectations you need a property manager to meet for you? How much are you willing to invest in routine upkeep? Do you prefer to take an aggressive approach to updates and upgrades, or are you more conservative with your spending habits?
It's important to discuss these issues thoroughly before signing on the bottom line. Make sure your ideas and goals line up with your property manager—the right fit makes all of the difference.
Choosing the right property manager is an important first step in maximizing your home's potential. Don't make this decision any harder that it needs to be. Instead, take the right steps to ensure you've found a property manager who will work alongside you to help you obtain the peace of mind and financial returns you deserve.
At BMG Rentals, we're happy to walk potential clients through the process and share our input with you. With over 10 years of experience under our belt, we've managed well over 1,000 properties for our investors. We keep your property our top priority and we work hard to keep you happy. And, if you decide our partnership isn't working out, our 100% satisfaction guarantee keeps you protected. Unlike the other guys who use complicated contracts to lock you in for the long haul, our non-binding contracts let you walk away at any time.
That's just one way we do property management differently.