Did you know there are nearly 250,000 property managers in the country?
If you're a rental property investor, you know how difficult it can be to dedicate enough time to caring for your properties. It takes a lot of work to maintain a property, let alone deal with tenants and their needs. Sometimes, the best thing to do is seek outside help.
That's where real estate property management comes in. Hiring a property manager can solve a lot of problems, but only if you get the right one. Today, we're going to help you out by telling you how to choose the best property management company in Murray, UT.
Yes, there are a lot of property managers out there. Keep reading, however, and you'll find the perfect one for your properties.
What Services They Offer
When looking into property managers, one of the most important things to understand is what services each one offers. Most full-service property management companies will offer marketing, accounting, tenant screening, rent collection, maintenance, and eviction services.
Here's where it's really important to understand your own needs as well. If you're looking to take a fully hands-off approach to running a rental property, you might want your property manager to do everything. Some property managers will let you pick and choose the services you want on the other hand.
Local Knowledge
You always want a property manager that understands the local market. For property management in Murray, UT, it's important to find a company that has been operating locally for a long time. Why is this so important?
They'll have a deeper knowledge of local rental and tenant laws, which is essential. In addition, they'll understand the local rental market and how to properly price your units. Lastly, local knowledge gives them access to local vendors, which is important for maintaining your property.
Reputation
What are former clients and tenants saying about the property manager? You need to look at ratings and reviews to determine the quality of service you'll get for your money.
Mainly, you're looking for major red flags. For example, if the property manager has experienced too many issues with tenants in the past, it's probably a sign that they're doing something wrong.
Fee Structure
Every property owner has to work under a budget. It's important to get quotes from multiple property managers to get a sense of how much these services cost and what you can afford.
It's important to remember that property management services, in addition to making your life easier, often help you earn more money in the end. Take this into account when interviewing candidates.
Licenses and Certifications
Lastly, check what licenses and certifications each property management company has. Companies that are members of professional associations, like the NARPM and others, are held to a higher standard than other property managers.
Get the Best Property Management in Murray, UT
To get the best Murray UT property management, consider everything we've discussed here. In the end, it'll point you to PMI Property Management, Wasatch Front's top option for full-service property management.
We can help you take control of your properties and maximize their return while giving your tenants a higher quality of life. Contact us today to discuss rates and service options.
