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Hiring a property management company isn’t as easy as flipping open the phone book and calling the first one. In this comprehensive video, Rod explains everything from mystery shopping and talking to past clients, to a list of everything your property management company should provide. If you ever had concerns about hiring a property management company, you won’t after this video.
You’ll first start out learning why you need to focus on finding property management companies that manage similar size, types, and classes to your subject property. You’ll also learn how they may often aid in due diligence if you hire them right from the start.
Next, Rod explains and provides a list of everything your property management company should do. You’ll then learn why you need to set a maximum expense threshold.
Lastly, Rod provides over 30 questions that you need to ask when interviewing a property management company, covering every topic from screening tenants and maintenance to rent collections and insurance. To close out this training video, you’ll learn why you need to call at least 3 – 5 of their clients, and how everything can be negotiated.
In this video you’ll learn:
• The initial “must haves” when looking for a property management company
• How you can have your property management company aid in due diligence
• A list of what duties your property management company should do
• Why it is crucial to set a maximum expense threshold
• Questions you need to ask a property management company when interviewing them regarding:
– Renting the property
– Screening tenants
– Maintenance and repairs
– Rent collections and delinquencies
– Reporting and communication
– Contracts
– Licensing
– Insurance
• What you should receive on a monthly basis from your property management company
• Why you need to call some of their clients and what to ask
• What property management companies typically charge
• Other fees they may charge
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