Property Management Blog

What You Should Expect From a Property Management Company

Web Admin - Thursday, August 31, 2017


Finding a quality property management company to take care of your investment property is not an easy feat. There are many companies that claim to manage a landlord’s interests, but only a few that offer the level of services that you really deserve. Here are a few of the features and services you should look for in a property management company.

Finding a quality property management company to take care of your investment property is not an easy feat. There are many companies that claim to manage a landlord’s interests, but only a few that offer the level of services that you really deserve. Here are a few of the features and services you should look for in a property management company.

No Sign-Up Fee

It shouldn’t cost you money just to hire a property management company. Sure, everyone’s got to make money, but a sign-up fee shouldn’t be part of the bargain. If you encounter a property management company that wants to charge you just to sign up, keep looking.

Maintenance Coordination

Some property management companies simply pass along the bad news that the septic needs pumped or the front step needs to be repaired. A high-quality property management company will go that extra mile to coordinate repairs and maintenance services and then follow up to ensure they were completed.

Available Marketing Services

Depending on your preference, you should be able to ask your property management to do the marketing involved to acquire new tenants. This may not be part of the standard package, but it should be an available option to assist busier landlords.

Rent Collection

As a landlord, you should be able to remain anonymous if you desire. This would entail having your property management company collect rent payments so you don’t need to give your personal address to tenants.

Direct Deposit Owner Payments

After rents are collected, you should be able to quickly and easily have your property management company forward rent payments on to you via direct deposit. This is a small service, but one which many companies don’t offer.

Annual Financial Statements

It’s extremely convenient to receive annual financial statements from your property management company that includes income and expenses on each property for the year. This is a service that you should expect from any property management company of a high caliber.

Tenant Screening

When relying on a property management company to help find tenants, look for one that offers tenant screening. You should be able to access criminal and background reports, as well as credit checks. This helps to ensure that the tenants living in your property have met your minimum standards and criteria.

When looking for a property management company to care for your investment, don’t settle for less. Seek one that offers you the above-mentioned services at a minimum. When you’re ready to hire a property management company that goes above and beyond for its clients, give us a call at 573-415-8111.