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When it comes to owning and managing rental properties in Indianapolis, it can be overwhelming to handle everything on your own. That's where a property management company can be a great asset. But with so many options available, it can be difficult to know which company to choose. To help you make an informed decision, here are some questions you should ask a property management company before hiring them.
1. What services do you offer?
It's important to know what exactly the property management company will do for you. Will they handle everything from tenant screening to rent collection, or will they only provide certain services?
2. How much experience do you have in property management?
You want to work with a company that has experience managing properties similar to yours. This will ensure they have the necessary knowledge and skills to handle any issues that may arise.
3. What is your fee structure?
Every property management company has its own fee structure, so it's important to understand how they charge for their services. Do they charge a flat fee or a percentage of the rent collected? Are there any additional fees for services like maintenance or repairs?
4. How do you handle tenant screening?
Tenant screening is a crucial part of property management, and you want to make sure the company you work with takes it seriously. Ask what criteria they use to screen potential tenants and what their process is for background and credit checks.
5. How do you handle maintenance and repairs?
Maintenance and repairs are inevitable when it comes to owning rental properties, so you want to know how the property management company will handle them. Do they have a team of contractors they work with, or do they have an internal maintenance team?
6. Can you provide references?
Finally, ask the property management company for references from current or past clients. This will give you an idea of what it's like to work with them and whether they have a good reputation in the industry.
7. What do you do to create a great tenant experience?
Great tenants stay loner, pay better and take better care of the property. Its important to know what the property management company does to attract great tenants and keep them in the property long-term.
8. How do you communicate with property owners?
Its important to be on the same page on how communication will be done. Do they call, email or text? What are the timeframes for responding to messages?
In conclusion, working with a property management company can take a lot of stress off of you as a landlord. However, it's important to do your due diligence and ask the right questions to ensure you choose the right company for your needs. By asking these questions, you'll be able to make an informed decision and find a property management company that meets your needs and expectations.
Contact us today at info@crmproperties.net or 765-459-8034 to learn more about how we can help you manage your property effectively and efficiently.
To learn more about this topic, go watch our Indianapolis Property Management Video!
For more information on our Indianapolis property management services for investors, check out our website below!
https://www.crmproperties.net/indianapolis-property-management