Your property won't be a cash magnet if you don't know how to sell it to renters. To make sure that it becomes a reservoir of additional income, tap the services of a property manager and here's how you can find the right one for your asset.
Your circle of friends, officemates, neighbors, or your relatives can all be good sources of information. Some of them may have hired property managers for their respective properties. They have first-hand experiences and witnessed how one works with clients.
Better yet, your local real estate agent can also be a good source. Within their networks are various professionals including property and asset managers providing services in your location.
Get deeper information by asking questions such as how long the referred property manager has been in the industry. Their experience can tell something about their expertise.
Perform your own research
Top up your information by conducting a research. It will help you trim down your list to better choices. Spare yourself from time-consuming interviews of the professionals themselves. Of course, their answers will favor them. What you should do is to look for company reviews from Yelp and other online sources. Social media platforms like Facebook can also be good venues of your research. Most property managers maintain their fan pages. From these pages, you can read what their clients are saying about their services.
The ratings of property management companies are also easily accessible online. Visit the website of Better Business Bureau. Here you'll find out more of a particular company including the praises and the complaints about their services.
Visit official websites
There's no page that can speak well of the achievements of property managers and the company they are associated with than their official websites. On their web pages, expect to see their portfolio containing past and present projects as well as testimonials of their clients. Yet, what you are about to read are somehow favored testimonials - you can still get some idea of how they deal with projects and clients.
Verify license and certification
Anyone can pose as property managers, even those who are unskilled and unqualified. To spare yourself of falling victim to pretentious and scam-filled services, always practice the act of checking for licenses and certifications.
Majority of the states require that property managers possess real estate broker licenses. The website of the Real Estate Commission is a good starting point to check for active brokerage licenses.
There are various trade organizations that issue certifications on property management and real estate brokerage after the successful completion of specific programs. Knowing that your chosen has certifications can make you confident that you are hiring the right professional to manage your property investment.
However, you must always bear in mind that not all those who have certifications are practicing what they have paid for. This means that not all licensed property managers have the same level of professionalism and expertise.
By following the discussed tips, you are one step closer towards finding the right property manager to make sure that your investment property is well-managed and well-cared of to make it a steady source of additional income.
Desare Kohn-Laski is a proud and experienced Florida realtor who is knowledgeable and familiar of the East Coast Florida real estate market. Some of the areas of her service include Parkland, Fort Lauderdale, and Hallandale Beach. Stop the chase for your dream house with her professional assistance. For more information, hop on to http://www.browardhomes.org.