When you’re looking for an Orlando property management company, there are a number of things you need to consider. Don’t choose the first company you see online or the cheapest managers in your area. Instead, invest some time in researching companies that know the local market and can provide the type of expertise that will help you earn more on your investment. Today, we’re sharing some tips on finding the right management company for you.
Look for Property Management and Real Estate Experience
Experience is important, and while having 10 or 20 or 30 years of experience in the industry is admirable, you want to make sure your property management company has the right kind of experience. If you have a single-family home, find a company that specializes in single-family homes. Ask about experience with the problems you’ve encountered in the past. If you can’t seem to find a tenant who pays rent on time, ask potential property managers what they do to ensure timely rent collection. Experience is crucial, but it’s a lot more than a number. Find out what kind of experience a company really has.
Investigate Online Reputations and Customer Reviews
Online reviews are popular, and most reputable property management companies can be found on Yelp, Google, and social media sites. Take some time to read reviews. There may be testimonials on their website. Find out what people like and don’t like about the company. More importantly, take note of how the company responds. Are they professional? Do they own up to mistakes and make them right? That kind of transparency will bode well for their abilities and your relationship.
Talk about Property Management Technology and Communication
Every good Orlando property management company will have up-to-date property management software that makes the management of your home efficient, accurate, and transparent. You should be able to access maintenance records, lease documents, and payment schedules. Rent payments should be made electronically, and tenants should have the ability to pay rent online. Find out how the company will communicate with you. Will you receive monthly accounting statements, and do your tenants have a 24-hour emergency number if something happens?
There are a lot of things you should look for in a property manager. You need to see a successful and effective record of implementing systems and processes that protect your investment. You should see continual improvement and ongoing education. You want a property manager who is current on all the state, local, and federal laws. Take your time in choosing a manager, and don’t be afraid to ask questions.