Landlords around the country rely on property managers to efficiently run their rental business so that landlords can focus on increasing their revenue without having to deal with everyday hassles. However, hiring a property manager can be a stressful and risky endeavor for any landlord as making sure to hire the right type of property manager could be the difference between making a profit or taking a loss. When looking to hire a property manager, you should be looking for someone with years of proven experience, someone that can demonstrate that he or she possesses the qualities listed below.
They should be able to find quality tenants: It is not enough for a property manager to prove he can fill your units with tenants, he or she needs to show they can find quality tenants that will pay rent on time and take proper care of your rental unit. If the prospective property manager cuts corners by not properly checking the background and references of prospective tenants, they could end up costing you thousands in eviction costs and rental repairs down the line.
They should have excellent interpersonal skills: A property manager is a middle man between a landlord and his or her tenants. Therefore property managers need to be very effective at managing relationships with residents and communicating with tenants as well as with you.
Have stellar organizational skills: If you are considering hiring a property manager is it likely you need them to manage several units or rental properties. Therefore as part of the property managers tasks, they will need to manage and organize all leases, invoices, legal documents, maintenance requests and more for each rental property and unit. A prospective manager that says they can manage your properties with an excel spreadsheet or with a paper based property management system is not the type of property manager you need. A prospective property manager that has proficiency in using Building Management Software is important to keeping a property well managed. Staying organized is just one of a long list of tasks your property manager needs to be doing every day. If he or she knows how to use Lease Management Software that means he will have more time to deal with or even prevent costly mistakes and spend less time looking for documents he needs.
This post is provided by RISSOFT Residential and Commercial Property Management Software, specializing in innovative and cutting-edge property management software for all 50 states. Request a demo or contact us today to receive more information.
Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.