How to interview a management company

[Wojciech M.]

Hi,

Can anyone make any suggestions on how to best interview a management company? What questions do I want to ask? It will be for our first rental property in Charlotte NC.

[Charles Carillo]

@Wojciech M.

When I am interviewing a property management company, there are a few things I initially look for. First off, I have the best luck with management companies that are referred to us. I want to make sure the company manages similarly sized properties in the same area as mine. Next, make sure that the majority of the units they manage are properties in the same class as yours. Lastly, when comparing pricing and fees, make sure you are comparing apples to apples. There are possibly a number of other fees in addition to the percentage of gross rents. You need to factor all of these in.