Tips to Hire Property Management Companies

Posted by Southwestsuites on March 23rd, 2017

For those living in Albuquerque, property management has proved to be quite a concern. A number of people seem to be having tenant issues, which hardly anyone of them seems to have the time to try and solve. These people generally look for companies for property management in Albuquerque. But they choose without due consideration and seem to be back at square one, with an additional expense to boot.
So when you are looking for a good firm for property management in Albuquerque, here are a few tips that can help you decide which company will suit your needs the best:

How Many Properties are They Handling
The first thing you should want to know is how many properties they have under them at present, along with how many employees they have to look after these properties. A trained professional with the right tools and experience may be able to handle about 30 to 40 properties at once (subject to conditions like the complexity and the size of the property of course). So if they already have about say 35 properties to handle, and you want to hand them 6 more, how good of a service will they be able to provide?

Their Own Real Estate Portfolio
Does the firm for property management in Albuquerque have properties of their own? While you might think that this makes them connect more with your situation, truth is that their property and yours will always be in competition. For example, if both properties have vacancies, which one do you think will get filled first?

Inspection Routine
Ask the firm whether they will be conducting personal inspections on a routine basis. This is an important part of property management in Albuquerque. While some managers will be accommodating to this request, there will be some who will take this as an opportunity to charge extra.

Their Communication Skills
If you find it hard to communicate with the handlers, there will be issues down the line. The best property managers are those who have suggestions, but are also open to listen to the client.

Transparency
The property manager that you are seeking to hire should be completely open with you in terms of the methods they use, the software tools that they employ, as well as in sharing the reports that are generated regarding your property. These companies will also charge you on a percentage basis. Make sure you know what the charges are based on. There is a major difference on the rent that COULD be collected and the rent that is collected.

Their Strategy
Ask the company how they propose to fix maintenance issues and ask what their strategy will be; a good management firm will not hesitate to tell you. Plus, make sure you fix a limit on the maintenance expenses that the company can make without asking you.

References
One of the best ways to get an unbiased review of a company is to ask their present and past customers. Ask them for references that you can contact to make sure you are making the right decision.

Hiring a company for property management in Albuquerque might be a necessity these days, but that does not mean that you walk blindly into any deal.

Author Bio
April Meyers has been dealing in real estate for 30 years now. She has seen a lot of developments happen in the sector, and working with a real estate firm has given her invaluable experience that she now wishes to share with the world, through her blogs and articles.