Property Management Company is the one that keeps our property managed and well maintained. Not only this, they also find quality tenants for our property and make it profiting for us. But do all the property management companies are reliable? Well there are many residential property management companies in Baltimore that you can find around you but not all of them are reliable and trustworthy. There are many companies who have changed their name and work field just to avoid bad pasts so you must aware of these fraudsters before hiring property management company for your Baltimore residential property. You must know what the qualities of good and right property Management Companies are before hiring one. So, let see what to look for in a property management company before hiring:
Cost: A property manager charges monthly fees for maintenance. These charges can be 5% or up to 10% of the total rent amount collected. Obviously everyone is looking for the company that charges less fees and provide more services. Ask your property management company about their charges before hiring to know whether they fit your budget or not.
Communication: You must give preference to the company that is available 24×7. They must use emails and phone, and should be responsive to both calls and mails.
Qualified Employees: The employees will take care of your property and they should be qualified and knowledgeable so that you can be sure that they will manage and maintain your property well. The team members should have a uniform and they must behave professionally this is one of the best sign of a reliable company.
Repairs and Maintenance: You must ask your property manager that whether they have their own maintenance crew or will they contract handyman for it. How much they will charge for this and what happens if they can’t do this? Do they have other contractors who can handle repair and maintenance?
Advertising: For making your property profiting you need tenants for your rental property and for hiring higher quality tenants advertisement of your property is very much needed. Ask them how they will advertise your property. Do they advertise it on paper or online? There are many free online sites where you can advertise your property will they use that?
Eviction: Sometimes it is necessary to evict the tenants so, ask your property manager how they will handle eviction and what will be the cost for it?
These are the things that you should ask your property manager before hiring them to find the right company according to your needs and requirements. Hire property management company Baltimore for keeping your property well maintained and making it profiting for you without putting any efforts.