Do you own a rental property in the Omaha area? Are you considering hiring a property management firm to take care of it? If so, you are making an excellent decision. However, you definitely want to make sure you are hiring the right company for rental management. Omaha is home to several rental management firms and some of them will be more appropriate for you than others. Before hiring any company for rental management in Omaha, it is suggested that you take some time to research and meet with a representative, and ask the following questions in the process:
What Type of Experience Does Your Company Have?
One of the top questions that you should be asking when you start looking into property management is how much experience a firm has. Sometimes you will find that a company is local to the Omaha area, and they will try to convince you that they are a better choice than a company that has locations nationwide. That definitely isn’t always true because a larger firm can often be better when it comes to the level of service you will receive due to their vast resources.
What Type of Fee Will be Paid and What Does it Include?
Another question that you should certainly ask when it comes to rental management is how much money will it cost. Typically you pay a percentage of the gross rent and this can range from as low as 4-5% to as high as 15%. You need to remember that often times companies add hidden fees so you think you are getting a deal when choosing a fee thats 7% vs. 12%, only to find out later that the 12% fee covers absolutely everything and the 7% only covers the basics and will end up costing more in the long run.
What Type of Software Do You Have Available
Finally, you want to find out what type of rental property management software will be used. This is important because as the owner, you want software that is accessible wherever you are and the tenant can take advantage of it as well.
These are just a few questions that you should be asking a property management firm, but it’s a start. This will give you enough information to make an informed decision.
Looking for the rental management of your properties? RPM Omaha Plus have years of experience offering deliverable results in rental management. Call (402) 895-0148 to schedule an appointment.
