RENT Magazine Q1 '22


Let’s start with some of the obvious questions for your potential property manager. Finding out their experience in and around property management is going to be essential. #1 How long have they been in the industry? #2 What types of properties do they manage? The first question is pretty self-explanatory and helps you determine if they know the ins and outs of the business. Question #2 gives you, the investor, insight as to whether or not they will even be a good fit for the properties you are going for. For instance, if you need a 20-unit apartment building managed and they only have experience with single family homes or duplexes, that is not going to be a good fit. The same is true the opposite way around.


The next category you want to consider is service: #3 How do you market vacant units? #4 What is the typical tenant placement timeframe? As an investor, one of your biggest expenses is vacant units. This is why it is extremely important to find a property manager who is super proactive at marketing vacant units for you. You will also want to find out the typical amount of time it takes them to place a tenant into a property on the market. This allows you to plan on vacancies when you are running your numbers.

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