Top questions people should ask before hiring a property management company
Choosing the best Houston property manager for your investment will make or break your future as an investor. Buying or having a property is just not enough, you need to work with people who are just as determined as you are to get you your returns.
What are their goals?
The first thing that you should discuss with your potential property manager are your goals as an investor and their business model as a company. Make sure that all expectations are set and that both of your objectives are aligned.
Background, reviews and stats
It is also recommended that you do your own background research of the company before hiring, look at reviews online and see what people have to say about your potential property manager.
Also, be sure to understand how the property manager operates. Ask them about their maintenance policy, their average eviction rate and about the average length of vacancy they have with their properties.
A property manager with an extensive knowledge of landlord-tenant law is non-negotiable. Since they are representing you, any missteps on their part could result in lawsuits against you and your property. – source
What are their fees?
Be aware of the property manager’s fees. Some companies do have signing-up fees and termination fees, make sure that you are aware of the cost before signing a deal. We at Empire Industries do not believe in termination fees, we let our services speak for themselves, and if you aren’t happy, you are always free to walk away from us.
Set an expectations meeting with all of your potential property managers, have an inquisitive mind and ask as many questions as possible so that you will have a clear understanding of what you are getting.
If you need guidance or if you need a property manager who cares about your success as an investor, please give us a call and we will gladly talk to you about how you can reach your goals.
Empire Industries is the highest rated Houston property management company. We don’t cut corners and are staffed with only the best personnel who operate at the highest level. They will make sure that you and your investment are well cared for.