Property Manager recommendations

Hey W8up,

Call 3 different real estate entities in your local areas and ask for property managers (PM). When you speak PM ask them about how many properties that they are currently in their portfolio. A good property manager (PM) should manage not less than 150 properties…anything above 200 is too much hence making PM stretch too thin hence the PM will not be able to take care of your property well. Also, get 3 references from their current customers who are also real estate investors and ask about the quality of service that they received from their PM. Make sure the PM has been in the property management field for 3 or 4 years.  Also, make sure the PM has a backup in case he/or she goes on holiday….you need someone to look after your property while your PM is away.

Look at at this way, hiring PM is just like hiring an employee because as an employer (investor who has property for someone to manage) you need to seek the right employee to help you run your business. Therefore, seeking the right PM is no different as hiring an employee….you need to do a thorough interview.

Good luck

Hi W8up

There was a recent post about choosing a property manager that also might help. If you do a quick search and should be pretty easy to find.

Cheers

Jamie