A lot of property investors prefer managing their properties on their own, but a few find it difficult to handle the responsibilities of property management. Especially for the property owners who are living away from their properties due to some work or holidays, managing a company from distance is tough. At such a point, services of Seattle Property Management firm can prove beneficial. There are a few factors which should be kept in mind when deciding which property management company to hire.
You should get in touch with at least three property management companies in Seattle, and compare the fee structures. You should question these firms to make sure that they are offering what services for what price. A lot of Seattle Property Management firms offer all-inclusive services including maintenance and repairs of property, etc. However, a few companies only offer particular services like tenant screening or rent collection for what they charge. So make sure you know about the services that the company offers and the fees that it charges. Decide accordingly.
- Once you have selected a few property management companies, it is important to ask them for references. The Seattle Property Management firm should be able to provide you with three references. You can ask from these references about their experience with the company, services and the costs they are paying, as well as efficiency in handling repair requests. You should also enquire if there are any active companies registered against the management firm at the Better Business Bureau.
You should do some research for the Seattle Property Management firm and know about its reputation in the market. A reliable and reputable firm will surely have a website. You should know about the kind of advertising the firm provides and see how easy it is to find out the site of company. Find out about the properties that the company represents and see about the progress of the company. Apart from this, you should read online reviews about the firm and find out if you are choosing the right firm to do business with.
- Now before you sign the agreement, it is best to review all the agreement details. Read the contract carefully as it will bind you legally and you won’t be able to negotiate later on. You should in fact have it read by your attorney once, as well.
- You should not only contact the clients that the Seattle Property Management firm has handled, but also a few tenants to know if they had a good experience dealing with the firm. You should ask the firm to show you tenant satisfaction surveys. Or, it would be better if you can speak to some tenants that are currently placed in the properties the firm is managing. A satisfied tenant means the property management firm is successful and genuine to deal with.