How to Choose a Property Manager
How to Choose a Property Manager ~ Southern Residential Leasing
If you’re in the market for a property manager, then you’ve probably been doing your research for a while. With so many property management companies in the market, it can be hard to narrow it down. You may be enticed by one company’s management agreement, but like the structure of another company. The search doesn’t have to be difficult! Read below for our tips on how to choose a property manager. Then, contact us for more information about our property management services!
Ask the Right Questions
The list of information you should find out from your potential property manager is a long one. Find out how long they’ve been in business, who your primary point of contact is, and how many clients they have. In addition, ask about their monthly management fee and what services are included. Check out our Owner FAQ page for more answers to your potential questions!
Ensure Your Manager Understands Fair Housing Laws
The Fair Housing Act makes it illegal to discriminate against any potential tenant due to their race, color, disability, gender, familial status, or national origin. If your property manager doesn’t understand this, they aren’t the right property manager for you.
Understand Team Dynamics
A good property management company has a well-oiled team to keep things running smoothly. In addition to an operations team, your property management company will also likely consist of accounting and marketing teams to handle every aspect of your property.
Know the Guarantees
Oftentimes, property managers will offer guarantees for potential owners to provide peace of mind when renting. At Southern, we offer four guarantees to fit your needs. Our 12-Month Tenant Guarantee ensures we’ll place a new renter at no additional charge should the current tenant default on their lease. With our 30-Day Leasing Guarantee, if we don’t find a new tenant for your property in 30 days or less, we’ll waive the first two months of our management fees. While being pet-friendly greatly reduces vacancy rates, our Pet Damage Guarantee covers up to $2,000 in pet-related damages that exceed the security deposit. Finally, our Eviction Protection Guarantee covers all processes and court and legal costs up to $2,000 that come with evictions.