Hiring Property Managers: How to Find the Right One

Hiring property managers to run your rental property is an increasingly popular solution for landlords across Oregon and beyond for a whole host of reasons. They deliver the best results for your financial investment while simultaneously allowing you to play a more passive role, thus freeing up time to focus on other life goals. Before hiring property managers, though, all property owners should know that they are not all the same. 

You deserve the best help available, but that will only happen if you take the necessary steps to find the right property manager. Here’s what to look for.

Location

Hiring a property management company saves you from the hassle of having to attend to the property every time that a tenant encounters an issue. However, that benefit is significantly hindered if the property manager cannot get to the site in a quick fashion. Location is everything and should be considered non-negotiable.

Aside from allowing the property manager to visit the rental property quickly, it gives tenants the assurance of knowing they can pop in if required. Crucially, a property management company that boasts a local presence will additionally have a full understanding of local regulations and tenancy laws, which allows you to avoid any accidental negligence.

A Proven Track Record

Experience is a key trait in the property management game, especially as you’ll be looking to leverage success by utilizing your property manager’s performance. First and foremost, you want to work with a business that boasts a strong local reputation as well as a team of experts that has several years of service under its belt. Their online presence will also be established and target more potential renters.

Furthermore, you need to look for relevant experience. The right property management company should be familiar with your type of property. They should be experienced in the tasks that are required of them, whether that’s screening applicants, taking rent, or arranging maintenance.

Strategic Mindsets

A good property manager will do far more than simply collect the rent. Their insights can help maximize your Return On Investment by tackling the real estate arena in the right manner. This could range from promoting the property to the right demographic, making suitable upgrades, or knowing when to sell or convert a house into apartments.

Ultimately, this is unlikely to be the area where you specialize. So, partnering with a property manager that has a passion for helping owners like you make the most of their assets is key. While you may have a tendency to focus on the immediate goals, the right property management company will implement a long-term strategy to deliver far greater returns.

Transparency

Last but not least, anybody hiring a property management company should seek transparency at every step of the journey. Firstly, this is a financial investment, which means you deserve clarity regarding their rates. Moreover, you need to know exactly what they can provide and how they will manage your property in the most effective fashion.

If you do not know where your investment stands due to poor communication from your property manager, the confusion and stress will spill over to other parts of your life. Besides, if the communication is inadequate between the company and you, the manager-tenant link is likely to fall short of the desired levels too. Frankly, you cannot afford to let this happen.

If you are looking for a Central Oregon property management company that always goes above and beyond for you, give us a call today. We aren’t the biggest, just the best.