Imagine trying to navigate complex tenant situations, schedule maintenance requests, and collect rent all from miles away. As a property owner, you don't have to remain in town to manage your rental properties. Instead, you can hire a property management company to handle these daily tasks for you.
Not sure how to find the best property management companies in Niantic, CT? Read on for the three simple tips you need for hiring property managers today!
1. Consider Size and Depth
The property management industry now employs over 877,995 workers, with the top 40 companies managing over 2.4 million units. A larger property management team is more likely to meet your needs and expectations. These teams are more likely to have around-the-clock availability.
Determine how many property managers each company employs and how many properties they manage. Ask the company how they intend to dedicate time to your property. Learn more about their processes.
For example, how quickly will they respond to maintenance requests? Make sure they'll keep you informed with regular reports. If the company doesn't prioritize transparency, you may not realize there are issues until it's too late.
To find a reliable company, look for teams with years of experience in the industry. Consider how long they've managed properties in Niantic, CT. Make sure the team is aware of local housing laws and regulations.
Their years of experience and local knowledge will benefit your property investment efforts. These teams will have an easier time answering your questions.
2. Review Services
The most common priorities property management companies cover include:
- Maintenance and repairs (80%)
- Rent and fee collection (80%)
- Leasing and advertising (77%)
- Property inspections (74%)
- Evictions (68%)
You may need help with tenant screening, financial reporting, and legal compliance as well. Determine what services each company offers. Try to find a full-service property management company that can meet your needs.
Determine the quality of each company's services by reading online customer reviews. Look for clients who had issues with their property managers. These comments will help you determine which companies to avoid.
3. Schedule an Interview
Schedule an in-person interview with three local property managers. Prepare a list of questions you want to ask, such as:
- How many properties do you manage?
- How do you handle evictions?
- What types of properties have you managed?
- Can you provide references?
- How do you screen tenants?
- How do you handle maintenance requests?
Inquire about their vendor relationships. The best property manager will connect you with experienced, reliable contractors that offer competitive prices.
Discuss your expectations and ask the company how they'll benefit your real estate efforts. Determine if the company will customize its agreement based on your needs.
Hire a Property Management Company Today
The right property management company can help you avoid stressful situations. They'll cover everything from maintenance and repairs to rent collection and tenant screening. Work with the best property managers in Niantic, CT today!
Want to simplify your search? PMI East Lyme is a leading company in the field. We've offered comprehensive property management services for over two decades.
Our team can help you achieve your real estate investment goals! Contact us today to learn more about our property management services.