Many property owners that would like to sell now find they have to hold and manage. If you own far from where you live or you simply aren’t interested in managing a second business, you should consider a professional property management.
Does One Size Fit All?
No. Property Management companies come in all sizes, some manage 20,000 units and others 500. Many property management companies are a small or family business’s. A large management company should have more resources available, but service may not be personal and it’s easy to get lost there unless you have a large portfolio. That’s the first point to consider; which size management company will give you personal service.
Interview smaller companies that would bend over backwards for your business. You may get better service and price leverage. If you choose this route, try to assess whether the company can absorb new business quickly, it’s a litigious business and they must be responsive day one.
If you have a single family home or a smaller rental property it’s just not that attractive to many companies. Not much income and although a larger company may welcome you, they may not give you much service. You may find that suddenly, you have many more little maintenance items than ever before as they maximize income within house maintenance and repairs.
How Do You Find Them?
Word of mouth is best. If you don’t have a personal resource then: Continue reading this post