When you are looking for someone to manage your property, there are a few hoops every interviewee needs to go through. Are you seeking competent residential property managers? When considering questions to ask in the interview, here are a few tips on what to ask when trying to find a reliable property manager.
License
When looking through possible property managers, there is always the need to hire one that is licensed. Being a licensed property manager means that they have taken an approved property management course and passed a state licensing exam. If your candidate is a licensed property manager in charge (PMIC), they can run his or her own company. They will have experience with managing larger groups of properties. No matter whom you select, they should have the basic of state licenses.
Look at their Past
When interviewing your possible property manager, look through their past properties and take a look at how well they have been managed. If you are satisfied that your interviewee is capable of working and maintain their properties, then you start to look deeper. Don’t forget to ask how they divide their monthly rent payments into a management fee.
Day to Day
Finally, when asking the question, Are you seeking competent residential property managers? Any property manager needs to know how to handle evictions and repairs. When looking at your candidates past check their eviction rates, this will let you know how well this person screens rental applicants and looks into references from their past. You want to make sure that they understand what paperwork needs to be filed and when.
When handling repairs there is a time for saving money and when you need to make large repairs. If your candidate is able to separate the two then they understand proper management. An important question to ask is what kind of repairs would be covered in your monthly fee.
The benefits for hiring a residential property manager who is competent and has your trust will go a long way with managing a stress-free property. By asking all of these questions in the beginning there will be no surprises once you have selected your competent property manager.
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