Have a property or two that you need assistance with? Looking for help securing tenants? Worried about ensuring the property is up to code and stays that way?

For some the solution is hiring a property management company

There’s a lot to do when you’re the owner of an investment property. Depending on what type of property you have, you’ll have specific tenants to look for as well as needing to make sure the property is well maintained. It can get overwhelming very quickly. For some owners, it’s smarter to employ the services of a property management company. You get their years of experience helping you handle the day to day challenges and you have someone who can take on some of the responsibilities so you can focus on other things. If you’re interested in working with a property management company, let’s start with how to find the right one to work with.

Now let’s talk about how the best ways to work with a property manager once you’ve selected your company to work with. It’s important that from day one you have well-established lines of communication. Make sure you know who you can get a hold of, how, and that they are reasonably responsive. Have a plan for how funds designated for the property are handled. You’re the boss so you set how things are to be spent whether you’re giving them access to pay through a set up account or if the property manager has to go through you to pay for any work/maintenance. You’ll also want to set up accounts for ensuring you’re receiving the money from your tenants rent so have these accounts set up with the right levels of authorization. Remember, you’re the boss!

Still unsure if you can find the right property manager on your own? Call us! We have several of our own properties so we have learned how to handle this delicate balance and have some recommendations of our own. Use the form below and we’ll be in touch shortly!