Assess Marketing and Screening Abilities
If an aggressive marketing campaign is needed to fill units, your manager candidate should have this kind of background and motivation. To protect your interests, you’ll also want to discuss with any manager candidate some kind of screening process to secure the right tenants for your property, while at the same time avoiding potentially troublesome tenants, as well as those lacking the means to pay for the apartment consistently and punctually.
Discuss Handling of Maintenance and Repair Issues
You should at least have an understanding, if not a formal agreement, with a property manager on how quickly they should handle maintenance issues and emergencies. Any contractors you regularly use for such work should be discussed with a new manager, and exactly how such work is to be done.
Evaluate Fees and Accounting Services
Generally, property managers will charge between 6 and 12 percent of your monthly rent, along with any fees or costs that arise during the monthly period. It need hardly be said that your property manager candidate must be someone whom you consider to be completely honest, and not likely to inflate charges presented to you. Probably the best assurance you can have in this regard is to ask for references from other real estate people who have employed the manager before, and have been satisfied with the job done.
To that end, property management companies like Becovic Management Group can provide you with reliable and capable property managers that will have your best interests at heart. Aiding property owners throughout the greater Indianapolis area, the Becovic property managers will provide the peace of mind that comes from knowing that everything is handled properly and efficiently for you.
6 Tips for Hiring the Right Property Manager, Realtor.com
10 tips for hiring a competent property manager, WISTV