Should You Hire a Property Manager?
How Do You Choose a Property Manager?
Once you’ve decided you need a property manager, and you’re ready with a list of duties you’d like them to perform on your behalf, it’s time to actually choose the person for the job. It can be absolutely gut-wrenching to select the person or company that will represent you to your tenants, but if you carefully interview and vet your candidates, standouts will make themselves known.
“First, look for professional memberships (i.e. a Realtor who is also a member of the National Association of Residential Property Managers ),” suggests Bruce Ailion, broker/attorney at RE/MAX Town and Country in Atlanta, Georgia. “Look for experience. Does this person or firm have the ability to do an exceptional job? Consider the proximity to the property. Visits are necessary, and a property 10 minutes from the property manager will get more visits than one 60 miles from the office.”
Ailion’s best piece of advice to would-be employers of property managers? “Do not focus on how much the property manager charges, focus on how much it costs you by not employing one.”
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