The best property managers are the ones who take pride in their work. They are meticulous when it comes to providing a service and always want to do what is best for you, the client. Unfortunately, there are some properties out there that have incompetent or lazy property managers and they might not be doing all that they can to keep your investment safe. Do you know the signs of a poor property manager? If not, these five tell-tale signs will help you spot them.
This is always on top of the list and a surefire way to tell if your property manager is not doing a good job. If you're experiencing a lack of communication with your property manager, it's time to take action. It is imperative that the person who manages your rental be available and attentive to what goes on at all times as this directly affects their performance.
An absentee property management leads not only to an unmanaged rent but also unchecked issues in need of immediate attention such as pest infestation or structural damage from stormy winds which could have been prevented if they were notified immediately! Remember: before hiring any new personnel for vital tasks like managing properties, check out reviews online first because word-of-mouth can't always do justice when it comes down to making decisions about people we don't know well enough yet. Keep in mind the following:
You should always make it a habit to visit your property personally once in a while, no matter how well-known the management is. It's an indication that you're dealing with terrible property managers if you visit and find things are not up to par or there are extensive repairs still needed.
One of their primary tasks is making sure any fixes happen as soon as possible for your rental properties; they need to show tenants like yourself how best to use their investment through maintenance tips on what can be done at home themselves so money isn't wasted unnecessarily by hiring someone else out when all one needs may be something simple such as changing light bulbs or clearing clogged drains! What to look for in a property management company?
Your property manager is responsible for ensuring that your building meets all regulatory standards. If you do detect non-compliance from the authorities, then it could mean that your property manager isn't doing their job properly and has failed to perform his/her responsibility of maintaining compliance with local regulation. Make sure to get property managers that will:
A good property manager is worth their weight in gold when it comes to keeping your place rented. When they do a great job, you can expect steady cash flow and an occupied space that generates revenue for the duration of its lease terms. If not, then fire them as soon as possible!
A reliable property management company ensures adequate income from rent payments (both long-term rentals or short leases) so that there are no gaps where money could be coming in. A good property manager will help:
You should never have to deal with your renters' concerns yourself. A property manager is trained and professional in dealing with all tenant issues, so if you're receiving calls from tenants about their problem, speak this up as soon as possible! The benefits of having a good property manager are the following:
If you are looking for a property manager, be sure to do your due diligence and make sure they have all the qualifications required of them. As long as you know what signs to look out for, it should be easy enough to find one who is qualified. Give us a call today if you need any help finding an excellent property manager in your area!
The top real estate agency in Northern California, Sexton Group Real Estate | Property Management in Berkeley, California is a boutique real estate company specializing in residential sales for properties throughout the San Francisco Bay Area. To better serve our clients we have three local offices, one in the heart of picturesque Berkeley, one near downtown Oakland and the third in the heart of historic Lafayette, California. The Sexton Group encompasses the essence of Berkeley’s charm, Oakland’s history and Lafayette’s family-oriented vibe all with a relaxed, down-to-earth nature. We are an amazing group of real estate agents whose wealth of experience spans more than 25 years in the industry. Looking to buy a home in Contra Costa or Alameda County? Contact us today for your free consultation!