Owning rental properties is a great way to earn a living, but it can be incredibly demanding if you do it alone.
Many property owners decide to hire property managers to take some of the hard work away. That said, there are almost 250,000 residential property managers in the US. If you're going to pick the right one to manage your investment, you need to know what to look for.
Today, we're going to tell you everything you need to know in order to pick a property management service you'll be happy with. It all starts with knowing your options, so read on and we'll bring some clarity to this difficult decision.
Reading Online Reviews
The best way to start your search for a property manager is to read online reviews. You can glean plenty of information about the quality of work and customer service of different property managers through their former customers.
Really, what you'll be looking for are major red flags that might hurt your investment or future tenants. You want a property manager who can really care for your property and get the best possible tenants in order to maximize your investment.
Use the reviews to narrow your selection down to 3-5 property managers. From there, you can start doing more intensive research into each one.
Look at Property Management Experience
One of the main things you'll be looking for in a property manager is experience. A good property manager will have several years of experience with various different types of properties. The longer they've been in business, the better their infrastructure will be, and the less you'll have to worry about how the property is managed.
They should also have specific experience doing the things you need them to do, whether it's tenant screening or general maintenance. Look for full-service property managers that vow to take care of everything. At Aksarben, for instance, we offer the following services:
- Resident screening
- Rent collection
Hire us and your rental property will be thoroughly managed. All you need to do is sit back and experience all of the benefits of owning a rental investment.
Comparing Property Management Costs
Comparing the rates of a few different property managers will help you make your final decision. It's important to remember that a really good property manager will enhance the value of your property. If their rates are a bit higher, it could still be worth it, so long as they're the real deal.
Before signing a contract, get a sense of how you'll be paying them and how long your contract is. Typically, you'll start with a 6-12 month contract, so you want to make sure you've got a good understanding of what you'll be getting for your money.
Pick a Property Management Service You Can Trust
Doing all of this due diligence will help you pick a property management service you can trust with your investment. As mentioned, the best property managers will actually enhance your property's ROI, so take your time and compare all your options for property managers.
To get the best property management services in Nebraska, choose Aksarben Property Management. Contact us today to get a free property consultation and maximize your investment in 2023.