Deciding to work with a professional property management company in the Bay area is a great way to earn more and spend less on your investment property. A good management company can ensure your leasing process results in the placement of a great tenant. Then, you won’t have to worry about the day-to-day headaches involved in renting out property, such as collecting rent, responding to maintenance, and enforcing the lease agreement.
There are a lot of options when it comes to finding a management company in California’s Bay area. Here are a few of the initial things you should consider when you’re choosing your management partner.
Reputation and Referrals are Usually Reliable
The best property managers will have a reputation for outstanding residential management services and incomparable customer care. It’s important to know what the property manager will do on behalf of you and your property, but you also want to understand how those services will be delivered. Check out your property manager’s online reputation. Find out what current and former clients have to say. Ask other landlords and investors you know who they use. Talk with the referrals who are described as professional, experienced, customer-oriented, and committed to a great rental experience for you and your tenants.
Property Management Resources and Systems
Your property manager needs to have a lot of experience in the local market and in the industry. You want someone who has seen and done it all. Evidence of creative problem solving and systematic procedures will give you the peace of mind you need when you’re handing over the care of your largest investments.
Ask for a description of how a property manager will market your home, screen tenants, and respond to maintenance. Ask about what happens if a tenant doesn’t pay rent. How does the property manager stay compliant with laws and habitability codes? Get an idea of how the day-to-day management of your property will go.
Find a management company that belongs to organizations like the National Association of Residential Property Managers (NARPM) or the Institute of Real Estate Management (IREM) or the California Apartment Association (CAA). These networks provide classes, resources, and information that contributes to professional development and effective property management.
Technology Provides Accuracy and Efficiency
Technology is a big part of property management. This affects everything from marketing to collecting data about rental values in the Bay area rental market. It helps property managers screen tenants, show properties, and provide accounting information. With the right technology, a property management company can accept online rental payments from tenants and make online rental payments to owners.
We can automate the maintenance process and provide for better move-in and move-out inspections. When you’re looking for a property management company, make sure they’re using the latest and most reliable software systems and technology. There’s no reason you should have to wait for a rent check to arrive in the mail.
Finding a good property manager in California’s Bay area requires you to do a little research, ask for referrals, and talk to potential managers about their priorities and systems. This is a big decision, and you should treat it as an important one.
If you’d like some help or you want to learn more about what we can do for you, please contact us at California Pacific Realty.