5 Key Qualities of a Good Property Manager
If you own rental properties, you need a property management company – it is as simply as that. A property management company will review rental applications, screen potential renters, collect rent and they will make sure that your property is well maintained. Not only that, but they will make sure that your property gets occupied, because they will plan and execute successful marketing campaigns to make sure units get rented. However, it can be hard to find someone suitable to manage your properties and there are a number of qualities that you need to look for when interviewing potential managers. Here are five key qualities of a good property manager.
Honest. This is by far the most essential quality – hence the reason why it is number one. Honesty is important, because your property manager will have your livelihood in their hands. Not only that, but if a property manager is collecting rent, you don’t want any ethical issues to get in the way. You also don’t want them to be skimming a little money off the top by overcharging tenants, because that could put you in a legal predicament – not to mention, you are also being stolen from. So, make sure to look out for this quality.
Communication. This is another essential quality that ranks high as well. Your property manager will be communicating with a lot of different people – from the rental managers to the tenants, and with the owner of the property. So, you want to make sure that the rental manager has excellent skills when it comes to communication. For instance, Revid Realty has been managing properties in the Houston region for almost ten years and has an excellent track record when it comes to communication. Not to mention, they are also very easy to work with and offer excellent services.
Persistence. A little healthy persistence can be a good quality when it comes to property management. Why is persistence a good thing? For one, persistence gets things done. If a tenant has not paid rent, a good property manager will be persistent until they do. If a repair hasn’t been done, a good property management company will make sure that the repair gets done. As the owner of a property, you want to make sure that your management team gets things done in a timely manner.
Loyalty. You also want a rental management company that will stick with you. It can be tiring and costly to go from one rental management company to another. Plus, when you start a relationship with a rental management company, you want to stick with that company. So, make sure that you ask potential rental management companies about their philosophies on loyalty.
Knowledgable. This is another key quality, because you want a rental management team that is not only experienced, but that also has knowledge in the field. A rental management company should know the industry inside and out. Without this kind of knowledge, a rental management won’t be as effective when managing your properties.
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