You won’t have
the worry and stress of making repairs, collecting monthly checks, and dealing
with things like screening and eviction, which can be quite unpleasant. An
income property is only a steady form of passive income if there’s not a lot of
effort being put into it.
Finding a Professional, Reliable Property Management
Company for Your Income Home
To find the
right property management service, you’ll have to do a lot more than just dust
off and crack open the phonebook or do a quick search online. Getting a
reliable, affordable property Management Company can be done by doing the
following:
● Ask anyone you know and trust that
has an income property. If that’s not an option, then you’ll have to start by
searching the Internet. You’ll want a local service because that company will
know the area and be available at a moment’s notice.
● Compile a list of potential hires,
then check each one out. Start with the local Better Business Bureau, taking
note of each company’s rating and complaint history. Then, search online for
civil lawsuits on the clerk of the court’s website which name the companies as
a defendant.
● Call each one and ask for information
about what services they provide. Some will offer more than others and you
should compare and contrast. Choose the ones that best meet your needs, then
ask each one that makes the list for a list of the properties they manage. In
addition, ask for occupancy rates of the homes they service.
● Drive by each address and check out
those homes. Take notice of things like the condition of the exterior, lawns,
fences, and pool, if applicable.
Get quotes from
each service, which has not been taken off your list, then read over each one.
Be sure to see how they handle things like maintenance, tenant screening, and
the eviction process. Don’t simply choose the one with the lowest rate because
it’s likely that company will not offer as many services for your income
property. Ask for a guarantee and that will reveal which company stands by it’s
reputation.
No comments:
Post a Comment