Property management companies can be found in all sizes. Here are some important questions to ask a firm during your initial meeting process. The property management companies will do all the hard stuff for you. They would keep necessary records of your tax returns and also manage security deposits for you.
You need to ask what forms of property they manage and ensure your type of property is one they manage. If you own a single family home, a company that manages mostly large apartment structures or commercial property wouldn't be a good go with. In this case, your best match has to be company that has a minimum 50% or greater connected with single family homes inside their rental pool. For all your queries, you can get free consultation here.
Some companies manage all kinds of investment properties one family homes, apartments, commercial and community associations, but chances are that they hold a specialty in one or two areas.
Inspections – A comprehensive property inspection should never be overlooked with a property management company. A property inspection has to be conducted upon tenant move-in along with at move-out. A property inspection can cover anything from drive-bys, a walk-through or perhaps a video inspection. If disagreements arise concerning tenant and manager as to items missing or broken, actual documentation from the particular move-in inspection and photos of before and immediately after hold validity versus the verbal agreement.