When searching for a new Oro Valley property management company to help with some of the daily activities associated with owning rentals, you should ask yourself and them a few questions. In most cases, they will have a lot of information on their website, which means you can get as much info as possible. However, there will come a time when you have to call them and start the process of interviewing or hiring. Therefore, knowing a few tips can ensure you choose the right company.
Number of Units
Ask them, point blank, how many units or properties they currently manage, as well as how many employees they have and how many employees are for each building. Many times, Oro Valley property management companies will take on too many buildings and won’t have the manpower to handle them all. A good, rough estimate is about 30 to 40 units per company. Keep in mind that units are within the properties, so if they have 30 to 40 properties they manage, they’ve taken on too much and may not be able to give you the services you need.
Owning Vs. Managing
Sometimes, PM companies will own rental properties themselves, which may not seem like a problem. However, what happens when one of their properties has a problem at the same time as yours. They’re going to fix their problem first and then get to you, which could mean your tenants are waiting extended periods of time.
They must be willing to commit to the rules and laws, but also what you want them to do. For example, you may have a clause in the lease agreement that states you or someone affiliated with you will enter each unit once a month for a routine inspection. Unless you want to do this yourself, the Oro Valley property management company must be willing and able to do it for you.