When you are the owner of investment property, the last thing you should worry about is how your property is being managed. When you make your choice from among the various property managers in Sacramento, you want to be confident that you have made the right choice. Making the wrong choice will not only cost you additional time and expense, but it may place your investment in jeopardy by not attending to it properly. What are a few of the things you should be looking for when you interview candidates?
The ability to negotiate: During your interview, pay attention to how the candidate conducts their side of the interview. Do they seem to understand the fine art of negotiations? Many problems with the potential of being blown out of proportion can often be solved through negotiation. Does it appear that the individual has this skill?
Avoiding add-on fees: Professional property managers in Sacramento will quote an “all-in” price for their services. Managers who seem to have a fee for everything, such as occupancy fees, marketing fees, advertising fees, and more, are only making it difficult for you to have a stable and predictable monthly cost for their service. There may be times when the property manager makes a request for additional funds, but these additional funds should be limited to the replacement or major repair of infrastructure, such as the HVAC system.
Do they communicate well? There is nothing that will create anxiety with the owner faster than being kept unaware of what is happening with their property investment. Professional property managers in Sacramento are keen on keeping their clients updated. As a matter of course, the manager should prepare a full operations report, specifying any issues that arose and were handled, and prepare the monthly report that contains a complete statement of rental income and expenses. In the event an issue of magnitude arises, the manager should immediately inform the owner and give recommendations to mitigate any issues. This line of communication must run both ways and should allow the owner to contact the manager 24 hours daily.
The manager’s skills: The best property manager is one with years of experience. These experiences allow them to identify problems before they happen; specialized skills are used to keep maintenance costs to a minimum and to keep harmony with the tenant.
Timely financial reporting: The property owner view their property as an investment, and as such, they are keen to see the return. All the financial transactions that take place, regardless of whether they are income or expense related, are to be itemized quickly and transmitted to the owner. Property managers in Sacramento must keep the value of the assets safe and all transactions must be transparent.
Professional property managers in Sacramento are fully aware of their duties in owner/manager relations. For a company that has years of experience in the business, contact Real Property Management – Sac Metro.
