Are you wondering how to choose a great property management company?
The best property management company will help you keep your tenants happy. In addition, a property management company will take care of your real estate investments.
These types of businesses are especially useful for landlords who don't live in the Denver area. They give you the ability to maintain close oversight over your properties.
But because they have such direct oversight, you need to select your property manager business in a careful manner. Below, we'll get into some of the best tips for selecting a property management company. Keep reading to learn more!
Select a Company in the Denver Area
When you choose a property management company, you should look for one located in the Denver area. Property laws change on a location-by-location basis.
As such, it can get difficult for real estate investors to keep up with the laws where their properties are located. Remaining compliant becomes easier when you have a local property management company. These businesses have experience remaining compliant in their area.
So, when you look for a property management company, ask how they make sure they are staying up-to-date with laws.
Look for a Company with a Great Reputation
Before you sign paperwork with a property management company, you need to check out their reputation.
To do this, read their reviews. You might find reviews for certain property managers on third-party sites, such as Google or Yelp. If you can't find any feedback from other real estate investors, ask the company if they have a reference you could contact.
Consider the Firm's Existing Properties
Most property management companies operate more than just your locations. This gives you valuable insight. You can look at how well these companies perform at other sites without agreeing to work with them.
Focus on learning each property's:
- Occupancy level
- Evictions
- And rent collection systems.
Ask yourself whether this company seems to attract and keep tenants. Figure out whether they've had any conflicts with tenants in the past and how they've been resolved.
If possible, visit the company's other properties. See how well they're maintained. Notice any areas that need improvement.
You should also ask the property management company what procedures they have in place for handling client complaints. Look at how well they process work orders and collect overdue rent.
If they don't do all of this well, you need to look for another property manager.
Choose Your Property Management Company
When you look for a property management company, you need to consider Laureate.
At Laureate, our team has experience managing many properties around the Denver area. We provide marketing services that attract clients to your property. Then, once you have tenants, we'll rent collection, accounting, and eviction, when necessary.
Each person on our team has the right credentials and experience to help your property succeed.
Ready to get started? Contact us today to learn more about what we can do for you!
