Thirty Questions to Ask Your Property Manager
Finding a good property manager is like any other vendor search - it's worth your time up front to make the best possible choice. That's because a bad manager can cost you a lot of money, up to the entire value of your rental property investment. Consider: o Your property manager will be receiving rent and fees on your behalf. A crooked manager could steal you blind. o Your manager will be in charge of finding new tenants. A naïve or slipshod manager could bring in bad tenants who trash your building. o Your manager will handle maintenance. A greedy manager could charge a fortune for simple repair jobs. Here's a thirty-question checklist for interviewing prospective property managers. The answers you get will provide a very solid understanding of each manager's qualifications. You can also get an impression of a prospective manager from other cues - I'll explain those at the end. Finally, remember that you have to compare managers to others within an area. It's ...