Hiring a property manager is one daunting task and literally, your property manager can make or break your investments, so you need to be very very careful especially when selecting one. For those who don’t know about it, a property manager is a person who looks after the day to day operations of the commercial or residential property. This person is responsible for bringing tenants for your property, he is responsible for all the advertisement and on top of everything, he is the one who makes sure that your property is in the best possible condition so that the tenants have nothing to be unhappy about.
Now, if you are someone who is hiring a property manager for the first time then again, you need to do your homework first and you need to find that one guy whom you can trust blindly. Basically, it’s your investment and you are handing over the responsibility of your investment on that person so yes, there are a lot of things you need to consider. You will come across several property management companies and each one of them will offer you the best property managers but again, you don’t need the best “professional” person only, in fact, you need someone who is trustworthy and transparent in dealings.
If it’s your first time or if you want to replace your existing property manager with a new one then here are a few things you need to consider before hiring someone;
1-Is he good in communication?
Good communication makes a good property manager because that’s what his job is. Your manager is the one who has to talk people into your property, he has to deal with the tenants to get the best rates for your property and he is the one who has to make sure that people like your investment. In short, he needs to be very very efficient and good with his communication skills. Now, to check his skills before hiring, you can set up some meetings with him and question him about different things related to properties. Make sure that he leaves none of your questions unanswered and observe him properly. Observe his tone, observe his gestures and observe how he convinces you that he is the best. Because how he deals with you before getting hired is exactly how he will deal the tenants for your property.
Hire an inexperienced property manager and an experienced one and you will see the difference on your own. Again, a property manager isn’t just an ordinary man because you are trusting him with your investment and for the trust, you need to make sure that the manager with whom you are dealing has years of experience in this field. Look at the customer reviews he has, check his customer history and how many properties he is dealing with at the moment. Believe or not, doing your homework on the property manager and checking his experience will help you a lot in the long run.
3-Is he responsible?
If he is responsible, he is a great property manager. By responsibility, we are referring to the fact that your manager needs to take care of everything related to your property, from advertisement to maintenance, your manager should take care of all of it while you sit back and relax. He should call you for each and every single thing related to your property and he should be transparent in his dealings with you.
These are the three main things you need to consider before hiring a property manager. So, use these factors and we are sure of the fact that you won’t be disappointed with who you hire for your property management.