It’s a great day at All County Property Management, and today we’re talking to Pranish Sharma, who is a seasoned, veteran property manager who services individual investors as well as institutional investors with hundreds of properties in their portfolios. He has a wealth of knowledge when it comes to Orlando property management, and today we’re asking him an important question. We’re talking about what to look for when you’re looking for a property manager.
What to Look for in a Property Management Company: Reputation
First, look at reputation. You can check Google reviews, the Better Business Bureau, and sites like Angie’s List. You want to see what the company’s clients are saying, because you’ll probably be saying the same things about them too. Just like with any product or service, or even a movie or a restaurant, you want to check reputation.
How to Hire a Property Management Company: Experience
Look at experience as well, and that means more than simply the number of years they have been in business. You want to know what they have done and what types of situations they have handled. You need a property manager who has managed floods and fires, who has been there and done that. You need someone who will know what to do in any circumstance. So, it’s not just the number of years in business that’s important. You want to know what they have dealt with.
What to Look for in a Property Management Company: Screening
Always ask about the screening process. You need to know how a property manager is screening for tenants. This is important, and you want to be sure the tenant background and income qualifications have been reviewed. You want to know who is coming into your property.
Property Management Costs
Cost is a factor, but we don’t have to look at that first. You want to get a good deal, but look for value. That’s more important. What kind of value is a property management firm giving your investment? What kind of tenants are they placing? A good tenant with low maintenance who pays rent on time will bring you a lot of value because it contributes to your ROI. Often, we do shop and compare sticker prices like leasing fees and management fees. But there are hidden costs, and you want to know how much a property manager can save you with their value propositions.
Thank you Pranish, for sharing this information with us. If you have any questions about finding a property manager or Orlando property management, please contact us at All County CFL Property Management.