Beyond the Budget: 3 MAJOR Factors to consider when choosing the right Property Management Company
Although a property management company may pitch the NOI you want to see, they still might not be a good fit. It is important to dig deeper than the individual communications.
By reviewing the processes and ideologies guiding decision making to determine if they will run your property in a way that works best for you.
We’ve put together three key “beyond the budget” things to check before signing a property management contract:
📣Clear Communication: Do they respond quickly and actually answer your questions? Are you speaking with your future POC or someone from business development? Communication is key in any rental relationship and may vary by employee. Make sure the company (and specific POC) is transparent and responsive from day one.
🛠️Maintenance and Repairs: What are their policies for handling issues? A great property management company will have a solid plan for maintenance and quick response times for repairs to ensure minimal impact to revenue
📝Management Agreement Terms: Read between the lines! Ensure the MA is straightforward, with no hidden fees or confusing terms. Transparency in costs is imperative to avoid being “nickeled and dimed”.
At Blue Rabbit Group, we pride ourselves on being hospitable, communicative, transparent, and reliable—because your peace of mind is our top priority.
Looking for more information on property management? We’re here to help!
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