Hiring a property management company is without a doubt one of the best decisions you can make when it comes to protecting your property investment. They can help landlords maximize returns on their properties while freeing up time to engage in other activities.
While there are many excellent Olathe property management companies, they all differ from one another in different ways. How then can you decide which one is best for you? Will they offer services that give you peace of mind or more headaches? The following are some key factors worth your consideration if you’re looking to hire a property manager.
3 factors to consider before hiring a property management company
There are so many ways in which Olathe property management firms differ and the following factors should ideally put you in a position where you know what to expect before hiring one.
Do they offer regular reports?
Reports are a great way to monitor activities on your property investment so it would be great to know beforehand if the property manager offer them periodically. Managing your properties is like managing your business on your behalf so it’d be a shame if you’re unable to get updates or reports whenever you want to.
What exactly will they charge for?
Property management companies do not work for free so you should expect to part with some of the rental income paid as charge for the service they’re rendering. However, you’ll need to ask well in advance what exactly they charge for.
For instance, some property managers continue to charge even when your property is vacant while others do not. Some will also charge a flat fee alongside a portion of the rental income.
Will I be contractually bound to sell the property through them?
This is important because some property management firms have a clause in their contract that contractually restricts yoy to only sell the property through them if you eventually decide to sell rather than renting it out. If you do not feel comfortable with this kind of arrangement, you’re better off looking elsewhere.
The bottom line
There are many factors to be considered before choosing a property manager and while this list may not be comprehensive, it throws light on the importance of carrying out extensive research and fact finding before giving a property manager the authority to make decisions regarding your investment on your behalf. Contact Swift RPM today and watch us give your property the attention and care it deserves.