Owning an investment property can be one of the fastest ways to grow your income and to grow you equity. As with all investments though, it’s important to have the right people managing your investments so that you always get the highest return possible. But what should you look for in a property management company?
At Gavish Property Management, we help out clients manage and maintain their rental properties so that they don’t have to worry about the day-to-day. We have the necessary resources expertise to ensure that your investment properties are always yielding the maximum results. Contact us today to get started.
Here’s what to look for in a property management company!
Managing rental properties is a complex business and as such, you want to make sure that your rental properties are being taken care of by a company that has the necessary expertise and expertise of local rental laws as well as the housing market.
Always ask your rental property management company how many years of experience they have managing properties in this area, and how many properties they manage.
This will help you make the right decision to hire a company that will do right by you!
Depending on where your rental property is located, you may need your property management company to have certain licenses and certifications. This will help back up their technical knowledge of property management with documentation that they abide by the highest industry standards.
Anytime you hire a professional to manage your investments, it’s wise to ask family, friends, former and current clients for a review or a reference. Who better to ask about the quality of their work and their customer service than people who they have worked with in the past?
When you hire a property manager, you want to make sure that you are aware of the agreement that you are getting into. Always ask to see the terms and conditions of the agreement before hand. This will usually outline the:
• Services Provided and Fees
• Owner Responsibilities
• Contract Duration and Terminations
This pretty much gives you know what you are responsible for, what the property management company is responsible for, and how long this agreement will go on for. The right property management company for you won’t have an issue being completely transparent with you.
Finally, your rental property is an investment in your future. You want to ensure that any damage that occurs to your property is covered by the appropriate insurance. You will want to verify what kind of insurance coverage your property management company has, and the appropriate renters insurance that you will need in order to ensure that your investment is protected.