What should I ask a property manager?

Here are the best questions to ask a potential property manager.

Do you hold a license for property management?
What kind of services to you offer?
How many properties do you manage?
What are your management fees?
How do you decide on the rent?
How do you screen the prospective tenants?
What’s your cancellation policy?

What should I ask a property management company?

Just as you’d do your due diligence on an investment property, you should do your due diligence on prospective property management companies. After all, they’re who will be caring for your investment on a daily basis. Here are 25 basic questions to ask in a property manager interview.

Is it good to have a property manager?

If so, that’s a good sign—it indicates that the property manager has an investor’s mindset and will hopefully care for your property the way that they care for their own.

How are property management companies different from each other?

It’s important to realize, though, that not all property management companies are created equally. Levels of experience can vary widely, as can the rates that property managers charge. Some may leverage new technology, while others may be operating the same way that they did decades ago.

Do you have to sign a contract with a property manager?

Some property managers may ask you to sign a contract that requires you to sell the property with them should you decide to list it. However, the kind of company you’re looking for should not require this, but rather offer their brokerage services to you instead. Do you offer direct deposit for your owners?

What to ask in an interview for a property manager?

Depending on your specific circumstances, you’ll probably have other questions to ask potential property managers; but this list of 25 questions to ask in a property manager interview is a good starting point. You likely already know this, but always be sure to meet with property managers in person before deciding to hire them.

If so, that’s a good sign—it indicates that the property manager has an investor’s mindset and will hopefully care for your property the way that they care for their own.

What to look for in a property management company?

The goal is to find a property management company that can market, lease, and manage your property. It’s important to make sure this company can provide top-notch maintenance, conduct inspections, and administer in-depth background checks. How many rental units do you manage?