What To Look For In A Property Management Company}

What to Look for in a Property Management Company

by

Jordan Rocksmith

If you have a rental property but don’t want to deal with the day-to-day hassle of renting it out, you can hire a company that specializes in property management in Utah. They can help you handle the rent collection, delinquency issues, maintenance, repairs, and more. As you search out the right one to hire, here are 5 things that you should look for in the company that you hire.

ExperienceWhen you start researching into various companies that you can choose from, you should start by looking for one that is licensed by the state. They may also be certified by a trade organization. You want to know that the company not only has lots of experience in this field, but they should also have experience with properties that are similar to yours. If you know of anyone who uses a company to handle their rentals, you should talk to them about who they use and get references to help you.Local OfficeWhether you live out of state or down the road, you need to find a company that is located near your property to ensure that they know the local market. When they are close by, they will have a better understanding of the rent prices, improvements that should be made, ways to drive traffic to the property, and more. They will also have an easier time caring for the property and stopping by to check on things if they are located close by.Customer ServiceOne of the most important qualities that you want to look for in the company that you choose is great customer service. You want to know that the company will be kind and courteous to your tenants and that they will be easy to contact when you or your tenants have any questions or problems. You can speak with people who use that company to find out what they think about the level of customer service that is provided.Best PracticesWhen researching companies, you should also look into their best practices. How do they collect rent? What advertising methods are used to attract potential tenants? How can tenants alert them to maintenance and repair issues? You should learn about what services they provide to you and your tenants and what you can expect from hiring. You should also ask about what your role will be once you’ve hired them to help you, so you’ll know how much you’ll still need to be involved in caring for the property.Good PriceWhen it comes to hiring someone to help you, you should plan on paying them about 4%-15% of the rent prices. If your property is located in a large city, the percentage may be even higher. You should find out when you will receive your money from the rent. Some companies will keep your money in their bank account until a certain period of time, but you want to find a company that will transfer your money as soon as they’ve received it. It’s important to know the cost of management and how your finances will be handled, so you can determine if the services that they will provide for you and your property will be worth the price of retaining that company to help you.When you do your research and speak with other people who have worked with that company specializing in property management in Utah, you can find one with the experience, local expertise, good customer service, best practices, and a good price that will leave you feeling satisfied with your decision. Working with the company, you can be assured that your tenants will have a positive experience while living in your rental property.FCS Community Management is a full service community management and maintenance company serving approximately 225 communities throughout Utah. Visit our page on hoaliving.com/about-us/fcs-story/

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What to Look for in a Property Management Company

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