Picking Between Residential Or Commercial Property Management Companies

If you are considering leaping house owner to the landlord, you need to initially find the choice of utilising one of the lots of residential or commercial property management companies that exist to make your life much more comfortable. Property management business act as the average male between property managers and occupants and minimise much of the stress that inevitably comes from leasing residential or commercial property. There are lots of essential things to think about when choosing in between property management companies, to guarantee you are getting the best service readily available.

Client service

Please pay attention to their customer support when you get in touch with a real estate management company. Not just will you be handling the company on a regular basis, so too will your renters. You don’t want to select a management company that you do not feel you can interact with. When you consider client service, include the punctuality with which they respond to your questions along with the friendliness of the staff members.

Business History

How long a management company has been in business can state a lot about how dependable they are, though you should not base your choice entirely on this element. For many parts, a company that has been around for some years, and has been understood to offer outstanding service for that amount of time, is a great business to pick.

Interview Them

When talking to residential or commercial property management companies, inquire about the types of properties that they have managed in the past, and for how long they have been leading the kind of home that you are leasing. In addition to the history of the company, think about the quantity of experience had by the company’s workers. This is another important consider determining how your experience with the management company will be.


When you employ a home management business to serve as the liaison in between yourself and your occupants, you wish to be sure you’re getting the very best possible property management services for the money. The services a property management company supplies can vary from ala carte to a whole all-in-one bundle. In addition to that comes a range of charges for each. You will want to discuss all fees involved in the managing of your home. Property management fees need to be detailed in your manager/owner agreement.


Speaking with others who have had experience with a specific business is an excellent method to get a feel for how your experience will be. Ask around to good friends, family, and coworkers and get their suggestion for residential or commercial property management business to consider. When you talk to the companies separately, request a list of a couple of recommendations to call.

Involvement in the Rental

Leading property management companies provides different levels of dedication to the home. Find out if the company will provide full maintenance as essential if they take care of the accounting and tax details, how they deal with insurance coverage claims on the residential or commercial property and other relevant information. Getting a grasp on these crucial problems will be necessary to choose the business that most excellent fits your needs.

Discovering a management business that matches your requirements might look like a challenging job, but it need not be. Merely ask the right concerns and put in a little research, and you will be sure to discover the company that is an ideal fit.

Hiring A Property Management Company

Hiring a property management company is a great idea if you have even a small apartment building. Having someone taking care of all the small details of a rental property means you’ll have more time to find the next good investment. Also, trying to do it all yourself is the surest way to make your real estate investment experience a bitter one. To find a good property manager, ask the following questions.

1. Other properties they manage? It’s best if they have rental properties that are similar to yours. You can also drive by their other properties to see how they are maintained.

2. The fee? They vary around the country from as low as 4% of gross rents for larger buildings, to as high as 12% for single family homes. Be sure the fee is clearly stated and understood.

3. Extra costs? Are showings extra? Do evictions cost extra (beyond the legal fees)? Any other extras?

4. Who actually handles your property? It’s best if one person handles your building all the time, and has some experience. Get their name.

5. How and when is the fee collected? Will you be billed, or will it be deducted from your account directly?

Monthly? Quarterly?

6. Type of advertising? Exactly how will they advertise the units and what will it typically cost you?

7. Time and cost to prepare units? What’s the typical cleaning fee on a vacancy, and how long will it normally be before it’s rented out again?

8. Type of accounting? Which types of reports do they send, and how often? How are accounts set up?

9. Their hours of operation? What are their business hours, and who takes weekend calls?

10. What needs owner approval? What dollar amount needs your authorization, and is this negotiable?
You should ask other questions, based on your particular needs and the particular property. Be sure to ask everything up front, and you’ll have fewer misunderstandings, and a good manager. Real estate investing and being a landlord is a lot less stressful with a good property management company.

8 Tips for Renting the Right Apartment

So, you’re looking for an apartment to rent or share with a roommate. Whether you’re a first-timer or an experienced apartment-hunter, it’s worth taking the time to decide what’s most important to you in where you live and to plan your search strategy accordingly. With that in mind, here are eight tips to consider:

1. Make a list of your top housing priorities.

Do you need extra parking spaces? A place that welcomes pets? A large kitchen or linen closet? A ground-floor entrance to your home? Or what? Thinking through your needs ahead of time can help you find an apartment that meets those needs, instead of one that just strikes your fancy at first glance.

2. Check out the property.

In addition to examining the condition of the for-rent unit, walk through the property to see whether it appears to be well-maintained. Is the landscaping healthy or dying? Nicely trimmed or growing wild? Are any windows, steps or railings broken or dangerous? Do the access doors open easily and shut tightly? Walk through at night, too. Are the parking areas and pathways well lit? What about the stairwells and hallways?

3. Talk to the neighbors.

If you’re serious about a particular apartment, knock on a few doors and ask your potential neighbors whether they’re satisfied with the building’s amenities, management’s responsiveness to repair needs and other issues of concern to you. Ask: Would you tell a friend to move into this building?

4. Examine the lease.

A lease is a legal obligation to pay rent for a specified length of time, and every lease has variations on the terms and conditions of tenancy. How much notice must you give before moving at the end of the lease term? Can the rent be increased? Are pets allowed? What provisions cover your security deposit and end-of-lease cleaning costs? If the terms of the lease agreement don’t suit your needs, negotiate or reconsider renting the apartment.

5. Consider security.

Does the building have controlled access? If so, are the exterior security gates and doors closed? Are the locks in working order? Does your individual unit have secure door locks and window latches? (Some states have specific laws regarding minimum security devices for apartment units.) Does the building have a security service? If so, is a guard on duty 24 hours or does he or she just drive by periodically?

6. Ask about shared facilities.

Does the building have a swimming pool? A recreation or fitness room? Tennis courts? Laundry facilities? Who is allowed to use those facilities and during what hours? Is there an extra fee charged for use of the facilities? Where are the facilities located in relation to your prospective apartment? Do you really want to live poolside or near the laundry room?

7. Ask about utility costs.

Is the water bill paid by the owner or separately by the tenants? Are electrical or gas utilities included in the rent? Is there a single thermostat for the entire building? If so, who controls it?

8. Take notes

Before you move in, document the condition of your unit and make note of any nonfunctioning doors or windows, leaking plumbing, missing fixtures, stained carpets and so on. Ask your landlord to initial a copy of your documentation to prevent disputes when you eventually move out. Better yet, take pictures or make a video of the premises before you bring in any of your furniture or belongings.