Pre-Qualifying a property manager.

[Abel Vazquez]

Hello BP,

I hope every one had a great weekend. I am on the search for a property manager that will manage my future rental property was looking some tips on how to pre qualify a property manager. What are some of key questions to ask to ensure this person is effecient and cares about my business? What are some of the characteristics to look for when choosing some one?

Abel

[Justin Polston]

@Abel Vazquez

If I were looking for a PM, I'd always request references. The PM should have some sort of information sheet for you to look at as well. I would ask for addresses of several properties they manage and go check them out in person (make the long trip if necessary).

It's easy to get taken advantage of from states away (if that's your situation). Once you get some addresses of current properties they manage, double check the owners on the tax record, and see if you can get in touch with the owners directly and ask them how they like them.

If you find there are only 3 or 4 references, that's not good. A good PM should be able to hand over every owner they've managed for. If they are a young PM with only 3 or 4 large clients, that's something different to consider.