RENT Magazine Q3 '23

Interview Property Managers and Contractors When hiring a property management company or contractor, conduct an in-depth interview. Inquire

verifying licenses, and seeking references, you can significantly reduce the risk of falling victim to scams or facing legal repercussions. Remember, protecting your investments starts with making informed decisions and prioritizing the security of your property and business. and any hidden fees. Clarify your expectations and ensure you receive transparent answers. After you hire them, monitor their performance, and randomly audit their license and insurance, especially within the first year of hiring them.

CONCLUSION Running background checks on tenants, vendors, and potential partners is essential to protect your investments. The alarming rise in fraud and the potential liability risks associated with unlicensed contractors necessitate thorough due diligence. By conducting comprehensive background checks, about their experience, number of managed properties, background check policies for hiring employees, leasing terms, maintenance protocols,

NANCY ABRAMS Assistant Editor American Apartment Owners Association (866) 579-2262

Nancy Abrams has enjoyed a long career in real estate marketing throughout Southern California and Las Vegas. She formerly represented 19 Merrill Lynch Realty branch offices, property managers The Roberts Companies, new home developers, including master planned communities Peccole Ranch and The Valencia Company and shopping centers for Sandy Sigel of NewMark Merrill.


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