Property Management Company Criteria

[Zach Hicks]

For those who use a property management company, what criteria do you look for in a potential PM company?

[Chris Clothier]

@Zach Hicks - 

As a property manager, here are the questions I advise investors to make sure they are asking:

•Are You an Investor?

•How many investors do you work with?

•How long have you been in the business?

•What has been your biggest mistake as an investor?

•Do you defer maintenance?

•How many properties do you manage?

•What is your average vacancy rate?

•What is the cost of an average repair bill after move-out?

•What are your management fees?

•What is your average # of months occupancy?

•What programs do you have in place to keep tenants happy?

•Will you call me every month with an update on my portfolio?

Best of luck - 

Chris