Are you feeling overwhelmed and frustrated taking on the responsibilities of being a landlord?
Maybe you’ve added another property to your portfolio and realize there is just too much on your plate.
Or maybe you’ve become an accidental landlord by inheriting a property you don’t necessarily know what to do with yet. 34.7% of accidental landlords of accidental landlords use this inherited property as a passive stream of income, adding to their wealth.
No matter what your situation may be, if you own a rental property, you know how difficult it can be to manage. With plenty of responsibilities on your plate including acquiring tenants, maintaining the property, and learning landlord-tenant laws, you may feel ready to give up.
Fortunately, you don’t have to manage your rental property alone. You can find a great property management company near you to help!
What Can a Property Management Company Do for You?
If you’re a new landlord, you may not be aware of just how beneficial finding a property management company near you can be for your real estate investment.
One of the main benefits of hiring a property manager is that you no longer have to maintain your property. You can say good-bye to late night texts and calls from your tenants letting you know the dishwasher is broken. In fact, 81.2% of landlords work with management companies for this reason alone!
From maintenance to tenant acquisition to bookkeeping, a property management company can handle virtually every aspect of your rental property.
Not to mention, many landlords see an increase in their revenue after hiring a property management company.
So, to sum up, finding a property management company near you means you spend less time managing and maintaining your rental property and more time enjoying your passive income.
Before You Begin Your Search
Before you start searching for a property management company near you, consider what types of services you’re looking for.
Write a list of the services you need and prioritize them. Is it essential that the company screen prospective tenants and prepare papers for your annual taxes? How important is property owner/manager communication and being able to have online access to information about your property?
This list of prioritized services will help you narrow down the property management companies you find in your search.
Where to Find a Property Management Company Near You
There are three main ways you can find a property management company near you in Davis County or Webster County, UT.
1. Ask Your Network
There is nothing more trustworthy than a glowing recommendation from a friend or colleague. Before even taking your search online, ask your friends who are landlords, friends who are renters, or real estate agents if they can recommend a property management company near you.
From friends who rent their homes, you can get an idea of how the company treats tenants. From your landlord friends, you will get an idea of how the company treats their clients.
From real estate agents, you’ll receive a more professional overview of the company and how they conduct real estate business.
A recommendation from someone you trust who has actually interacted with the company before is better than reading a stranger’s testimonial online.
2. Search Online
Once you’ve asked your network for recommendations, it’s time to broaden your search. Simply doing a Google search with the phrase “find a property management company near me” will literally give you millions of results.
All these results can be overwhelming and make you feel like you don’t know where to start. The best thing to do is research the companies you’re drawn to. Click around their websites and get as much information as you can.
Some companies even have chat features on their websites where you can ask questions and receive answers quickly.
While an online search can give you plenty of options for property management companies near you, you may not see all of them. Some companies may not have a website or don’t come up on the first or second page of your search.
3. Look Around the Neighborhood
Bring your online search into real life. Take a walk or drive around the neighborhood where your rental property is located and search for property management signs outside of homes and buildings.
Write the names and contact information down and look them up online or make a phone call when you get home. Finding a property management company who already knows the neighborhood is beneficial because they are aware of the market and area.
What to Do Before Hiring a Property Management Company
Now that you’ve narrowed down your options of property management companies, it’s time to make a decision. There are some important things you must do before signing a contract to know you’re hiring the right one.
Conduct an Interview
Just as if you were to hire an employee for a company, you should interview the property management companies you have your eye on. You’ve reviewed their websites — like an employer would review a candidate’s resume — and you want to have a face-to-face conversation with them.
This is the time to ask questions and really get a feel for the company and its culture.
How do they treat you during your questioning? Is the office clean and professional? Do they seem prompt and organized?
Read the Fine Print
Always — always — read the fine print of a contract or agreement! Before hiring a property management company, read your agreement closely and look for any limitations, restrictions, and hidden fees.
You want to fully understand their fee structure and have a good idea of how much you’ll pay them monthly and annually. This could be your deciding factor on whether or not to hire them.
Look at Reviews & Testimonials
Go back to the web and search for reviews and testimonials on the company. Read reviews from both tenants and landlords for a well-rounded look at how the company operates.
It’s important to always take these testimonials with a grain of salt. Stay objective when reading them and don’t get too hung up on them. This is the first thing you should do before interviewing them in person.
Need a Property Management Company in Davis or Webster County?
Are you looking for a property management company in Davis County or Webster County, UT?
Key Renter Property Management Elite is here to help!
With an experienced team of professionals, state of the art technology, and genuine care for our owners and tenants, your rental property is in good hands.
Contact us to see how we can help take those stressful landlord responsibilities off your hands once and for all.