How to Choose Property Management Companies: What You Need to Know

How to Choose Property Management Companies: What You Need to Know

After surveying property owners, 51% of those surveyed revealed they use a property manager. An additional 24% of those surveyed indicated they were in the process of finding a property manager. Why are property managers so essential?

Property managers are almost required for those with multiple properties to manage. However, property managers are beneficial for anyone owning rental property, even those with only one property. If you're not able to maintain the property on your own or be there in person often, then you'll want to recruit the help of a property manager. 

Before you choose property management companies, there are a few factors to consider. Continue reading below to find the right property management company in Miami, Florida!

Research Their Reputation

Start by conducting some research. After conducting an online search for property managers in South Florida, you'll be presented with several results and an overview of each. Start by reading some of the online customer reviews. 

Learn what other landlords are saying about working with that specific property manager. Then, visit each website and learn as much as you can about the property managers. Find their contact information and ask them to provide you with a list of references for you to contact.

Know What Services Are Provided

The next step is understanding that not all property managers offer the same management services. Will the property manager prioritize property marketing and help find and screen tenants? Will they handle rent collection and maintenance requests? 

Will the manager write up a lease agreement and handle lease signing and all tenant/landlord issues? It's ideal to speak with each manager and understand what's included in their contract. Choose a property manager who can help you with everything you need.

Ask For Proof of Certifications

Is the property manager you choose certified? There are a few different certifications your property manager might have. It's beneficial they have at least one certification, which proves they're trained in managing an investment property. 

Contact each property manager you're interested in working with and ask them to provide you with proof of certifications. 

Inquire About Experience

How long has the property manager been in business? How many other properties do they manage in the Miami, Florida area? How well do they know the area and the target resident? 

Finding a property manager with several years of experience will bring you some peace of mind. They'll know how to handle various landlord/tenant challenges that might arise and other problems that might pop up regarding the property itself. 

How Will You Choose Property Management Companies?

How can you be sure you choose property management companies that are reputable, reliable, and trustworthy? Start with this very guide! Use all of the helpful information listed above to get you started.

As you make your way down each step listed here, you can start to narrow down your top options. Then, be sure to reach out to Pristine Property Management LLC. Our number one priority is protecting your investment. 

We make it our duty to manage your property as if it were our own. Contact us today to see how we can help you!