After making the decision to rent a property that you own, the next largest decision to be made is whether or not to use a rental management company. There are many qualifications that should be evident in the management team a property owner selects that will ensure the arrangement runs smoothly and all parties involved are pleased with the outcome.
Local Expertise
Potential renters often have questions about the neighborhood they are looking at. It is helpful if the property manager showing them your home is familiar with traffic, shopping, and dining options.
Desire to Keep Renters Happy
The goal of any rental management Everett firm should be to keep renters happy. When renters feel their needs are being met, they are more likely to remain in the rental property for a lengthy period of time. The overall goal of a property manager should be not only to fill vacancies but also to keep existing renters content and avoid creating new vacancies due to tenant dissatisfaction.
Well-planned Marketing Strategies
A rental management company cannot be successful if they are not actively marketing their properties and working to fill vacancies. When looking at companies, be sure the one you choose has a full plan for how they market their open properties. Look for firms that hold open houses, boast helpful, well-designed printed materials, and have strategies in place for advertising and bringing traffic to vacant rental properties.
Reasonable Fees
Know in advance of speaking with a property management company what your budget is for their services. It is important to know what you will be able to afford and to find out specifically what services you will get for the amount you have agreed to pay. Do not be afraid to negotiate with a company if you like what they do but are not sure if you can pay the amount they originally quote you.
At Real Property Management North Puget Sound, we are proud of our ability to keep renters and property owners happy.
