Top Questions to Ask a Property Manager

by | Nov 21, 2013 | Real Estate Services

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As you start looking for a property management company in Connecticut to manage your rental property, you will find there are many property managers out there. The best property managers in Connecticut to hire are going to be those who are affiliated with a well-known property management firm. As you go through the process of hiring property managers in Connecticut, make sure to ask them the following questions:

How Much is the Fee?

Generally, the most important question on the mind of a rental property owner is going to be what type of fee is involved in the management of a property. In general, you will find the property management firms where you will find the best property managers will charge anywhere from five to fifteen percent of the rental income you bring in. Now, you may think this is expensive, but you must realize the goal of this manager will be to bring the maximum profit possible to your pockets. Make sure, when you are talking about the fee, you ask about hidden fees as well. A good company will never add hidden fees.

What Type of Training Do You Go Through?

Another important question you want to ask when speaking to property managers is about the training they participate in. When it comes to training, you should be sure the property manager goes through an extensive training plan that includes things like accounting, marketing, dealing with the public, customer service, tenant relations, and much more. They should also have some knowledge about legal issues surrounding rental properties and should know how to use any rental property management software that is available.

What Type of Services Will You Provide?

Ideally, you will want to choose a company, specifically a property manager, who will be able to handle everything having to do with your property. They should be able to expertly find tenants, collect rent, and even handle late payment and evictions. They should know how to market effectively, understand leases, and be able to keep your property looking its best. You will also want to make sure that they have legal assistance available and, should anything happen, that they provide accounting.  Finally, make sure you will have access to some type of owner portal which comes with property management software.

The skilled property managers of RPM Greater New London help owners to get higher returns without hassle of managing their properties. Call (860) 436-9955 to consistently keep your properties filled with tenants.