Educational Resources

Is Your Property Management Company Doing A Good Job?

You've hired a property management company to lease the property, handle repairs, pay bills and deal with tenant issues, but your intuition is telling you something isn't quite right.

The tell tale signs that you may have a problem:

• Slow or no response to your inquiries
• Improper accounting and crediting of revenue
• Property looks unkempt
• Tenants have valid complaints about lack of service and slow response times
• Tenant turnover is abnormally high
• High number of bad tenants due to improper screening
• Poor collections record
• Deferred maintenance on the property
• Expenses are increasing with no improvement in the property's appearance

Not all property management companies are alike. Property management is not a commodity, it is a service business. There are significant differences in the value of the services provided. Abnormally low fees could mean you are losing far more money in mismanagement or neglect than you are saving in fees. Great property management pays for itself many times over by delivering returns on the property plan and managing risk to the investment.

Don't be penny wise and pound foolish! Protect and enhance your investment with a high value-added property management company.

 

 

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