Some people are reluctant to hire a property manager because they might not be able to provide the same level of care for their property as the owner. This can be a massive disruption to a business. Unfortunately, it is not always possible to know for sure that a property manager will be a good fit for your company. However, several characteristics can be used to evaluate a potential property manager.
1. Proven Track Record
Before hiring a property manager, ask them a series of questions to understand their experience and track record. They should also be able to answer basic questions such as how many properties they have managed previously, their knowledge of local laws, and their ability to turn around troubled properties. This will help ensure they at least know the basics.