How to Select a Rental Management Company

May 23, 2013 by

Choosing the best rental management company is one of the most important decisions that you can make as a landlord. You have to realize that not only is this company going to be renting out your properties, they are going to be collecting your rents, doing repairs, and dealing with your tenants on a daily  basis. Rental Management South Bay Ca agencies know that it is hard to turn over the everyday management of your properties to a company to handle for you; however, you have to realize that this will free you up to do other things in your life. You do need to spend time making sure that you choose the right property management company to suit your needs instead of rushing into making a decision. Here are a few tips on choosing the right agency for you.

Never settle for the first Rental Management South Bay Ca Company you come across. Make appointments with a few different ones, then sit down and talk to the manager about their day to day operations. You don’t want a company that is so busy that they can’t get repairs done on time or collect rents when they are supposed to collect them.

Don’t go into the meeting empty handed, bring along a list of questions that you would like to have answered. You are entering into a professional contract so go about your interview in a professional manner. Always, be sure and ask about the management’s issues with tenants in the past, how they were handled and what their policy is on making repairs.

Once you have references, make sure to call at least three from each list for each company. If a company really impresses you, still take a couple of days to call references and think about it; this is a major decision that will affect not only you but your tenants as well.

After you have checked references and done a credit and background check on the company you are ready to choose which agency will best suit your needs. Make sure to draw up a detailed contract and agree on a fair price for their services.

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