Renting out a property that you no longer reside in can be a great investment. However, when dealing with tenants or performing various related tasks seem to take up a great deal of your time and energy, you may not feel the extra income is worth it. You may also not live near the property and need someone who can take charge who is close by. This is where residential property management comes in. To find the right company for your property, follow these tips:
- Research their experience – You’ll want a company that has been around for a while and built a good reputation. Look for the company on the Better Business Bureau (BBB)’s website to learn how long they’ve been around and how their business fares according to the BBB’s standards. You can also search Google reviews or other rating websites.
- Ask for references – Along with anonymous internet reviews, many companies will gladly provide you with a reference you can talk to in person to ask specific questions and get honest opinions.
- Research fees and services provided – Before selecting a residential property management company, make sure they will cover all of the services you need and ensure you understand exactly when and how fees will be collected.
- Read contracts carefully before signing – Finally, before signing, read the contract carefully. Read up on fair housing laws and make sure the company will be in compliance with them.
Here at Thornburg & Associates, Inc., we have a great deal of experience, and we believe our honesty, hard work and attentive service have helped us gain positive reviews from reputable sources. We’d be happy to answer your questions and tell you more about our residential property management service. Give us a call today.