At Park Management & Realty Services, we manage all sorts of properties, from large HOAs to individual rental homes. Today we are focusing on those individual rental properties and what to look for when you’re trying to find a management company to handle those responsibilities. There are a few things you want to consider to make sure you’ve found the right fit for you.
Experience and Knowledge
Some people have the perception that bigger is better when it comes to company size, and there is some truth to that. When you hire a large property management company to handle your rental, their team will have the experience and the know-how to ensure you have the best experience possible.
A large company might have a lot of experience, but could be lacking in communication. You’re one of many property owners, so you’ll have to consider if they are responsive to your calls and answering emails promptly. A lot of times, when you deal with a large property management company, you’re dealing with a representative who has a lot of tenants to keep up with.
The goal is to find a company that’s an ideal fit for you by being large enough to handle absolutely everything you need, but small enough that they’re responsive and able to maintain an open line of communication. Smaller companies often have only one or two people working in a specific location. In most cases, that small company might not be able to handle the volume of concerns you have in a timely manner. We all know that timing is everything.
Finally, affordability is something most people have to consider from the beginning. When you find a property management company that’s somewhere in the middle; with the power, know-how and experience but also a willingness to develop an individual relationship with you, that company is often going to be the most affordable. Relationships matter to good property management companies and they should want to achieve all your expectations.
If you’d like more information on this topic or any topic involving property management, please contact us at Park Management & Realty Services. We’re always here to help.