Between rent collection, maintenance coordination, and tenant screening, you're likely feeling stretched thin as a landlord. You don't have to balance these responsibilities alone! Instead, take a little off your plate by hiring a property management company.
The best property managers can save you time and money while maintaining your beautiful investment property. There are over 124,866 property managers in the US, though.
Want to find the best in Gresham, OR? Read on for the tips you need for an effective search.
Experience
Ask each property manager how long they've worked in the industry. Consider how many landlords they've helped in that time. Confirm that they specialize in residential properties.
An experienced property manager has likely encountered every issue you're encountering now. They'll leverage their experience to help you avoid making costly mistakes.
Learn more about their areas of expertise. Are they aware of laws that govern rental properties? These can include inspections, lead certifications, and licensing.
Look for a property manager who has local experience and expertise. Confirm that they understand market demographics. Their market research will help you reach ideal tenants.
A property manager with years of local experience will have professional connections. Determine if they have vendor relationships for better maintenance coordination.
Review each property manager's qualifications, which could include:
- Real estate licenses
- Manager property licenses
- Legal compliance certifications
- Safety certifications
Choosing someone with the proper qualifications will protect you from liability issues.
A Range of Services
Choose a full-service property management company in Gresham. You won't have to hire multiple companies for different situations. Here are a few services to search for.
Tenant Screening
Tenant screening services will ensure you select reliable renters. These renters won't damage the property or pay rent late.
Your property manager can confirm each applicant's credit score and employment. Not all reports contain accurate information. Outsourcing ensures better accuracy and efficiency.
Leasing Documents
Before choosing a property manager, discuss leasing agreements. These documents will determine how they'll manage and lease your property.
Review their leasing documents, including:
- Lease agreements
- Rental applications
- Common correspondence
- Property owner financial reports
- Condition reports
- Property management agreements
Ask how often you'll receive updates. Determine if the company will provide you access to a portal, allowing you to review these documents.
Maintenance Coordination
Maintaining your beautiful investment property can help you avoid costly repairs later. Your property will become a beautiful, desirable place to live, leading to more applicants.
Leverage the property manager's local connections. They'll solicit bids to ensure you find services at the best prices.
Legal Compliance
Gauge each property manager's local expertise by asking about the legal compliance issues they've encountered. They should help you avoid fines or legal issues.
Reputation
Read client reviews for three property managers on your list. Their reputation can help you determine if they meet your standards. If you find the same problems repeated between clients, continue your search.
Hire Your Gresham Property Managers Today
Don't make the mistake of hiring unqualified property managers. Instead, use these tips to find the best property management company in Gresham. Their experience and expertise can ensure your success as a landlord.
Kerr Properties, Inc. strives to create value for our clients. We're constantly exploring innovative ideas and technology while dedicating attention to our clients. Contact us for your free rental analysis.
