Questions To Ask When Hiring a Property Management Company
When you are seeking out potential Salt Lake City property managers, it is important to consider a number of elements. Not everyone works the same, and some property managers are able to deal with common headaches like rent collection easier than others. There are some discount property management companies in Salt Lake City that fall short of the rental property management services they offer. Some property management companies even attempt to attract new clients with lower rates and hidden fees in their contracts.
There are property managers that do attempt to hide their poor services and fees from clients. You need to read contracts and due some diligence when seeking out the right property manager for your real estate. How do you find the right ones? It comes down to something as simple as asking the right questions. We believe in the services that we provide to our clients and have prices that are fair and competitive. We do encourage those seeking a property manager to contact our office and compare us to others in the area. We want you to choose a company that will be able to fit your needs.
Here are some questions you need to consider as you are looking for the right potential property manager.
Fees
The fees are the tricky areas as a lot of companies are not upfront about their costs. You need to find out what people are charging so you can be treated fairly. It is important to go through this list of questions to ensure you are having a thorough screening process before entrusting your property to a team of people that are not proven.
- What are all the fees you would charge me to manage my property?
- Do you charge me… (Now find out what they really plan on charging)
- …a setup fee?
- …to advertise my property?
- …to take photos of my property?
- …to run applications or screen tenants?
- …to show the property to tenants?
- …a leasing or placement fee?
- …when a tenant moves in or moves out?
- …to do the accounting?
- …each time there is maintenance at my property?
- …a maintenance trip charge?
- …to inspect my property?
- …to renew the lease with the tenant?
- …a percent of the late fees collected?
- …an annual fee to renew my contract?
- …to serve notices to the tenants?
- …a fee to mail notices or communication?
- …a minimum management fee when the tenant
doesn’t pay or if the property is vacant
Visit our Video Library or Education Center to learn more about accomplishing your goals with your rental property!
