How to screen Property Management Companies?

[Josh Haney]

Hey everyone,

I am looking to rent out my first property, and am wondering what kind of criteria/questions I should have prepared when screening Property managers. In the long run I'd like to do the management myself, but being my first go-around I have decided to go with a Property Manager. Any suggestions?

[Ran Fridman]

Hello, Josh! Congratulations on renting your first property.

When screening property managers for your first rental, consider these key questions:

How long have they been in property management?

What types of properties do they usually handle? 

What services do they provide for property management?

How do they handle tenant screening and selection?

What are their management fees, and are there any additional costs?

How often will they update me on property status and issues?

Can they provide references from previous clients?

I hope that it will be helpful for you in some way. Good luck!