So you’re tired of doing it all yourself, and you’ve decide to hire a property management company to help you run your new rental empire! Finding the perfect person to fit into this important position is a momentous task. To help you find the right person for this key role, we have come up with a few simple tips for you to remember while interviewing prospective property managers.
1) Get recommendations and references! Look over qualifications! Do background checks and make sure that this person/company is honest and reliable.
2) Check over the professional directories, like the Institute of Real Estate Management (IREM) at www.irem.org and the National Association of Residential Property Managers' (NARPM) at www.narpm.org. You will find plenty of information there to help your decision.
3) Interview the candidates yourself. They will be your proxy, so you better trust them. You will want to make sure you have a clear ability to communicate with your possible property manager-- and you need to know they will be able to communicate with your tenants.
4) Are they a local? Someone with experience, connections, and some time spent in your community is always preferred. A property manager who knows the streets of your city, the contractors, the rules and regulations, will ease every one of your headaches.
5) Make sure they your candidate is a professional who can serve in your stead. You want a person who can calmly handle any problems thrown at them.
6) Talk to your attorney, any partners, and your current tenants. Listen and observe, take advice, be open to suggestions. A good referral from a trusted source goes a long way.
Make sure to talk to as many candidates as possible. This is an important job, and you don’t want to hire the wrong man or woman (or company) for the job.