Property Manager – Tarzana

Investing in real estate property for profit can be frustrating, given that it is sometimes necessary to chase down tenants for rent money, maintain the property interior and exterior, and handle all the diverse problems which can occur with people living in a residence. Maintaining a property can be very time-consuming and even problematic, which is why a good property management company is worth their weight in gold, in terms of relieving you of those burdens associated with the property.

However, finding the right person to entrust your real estate investment involves more than just choosing someone who’ll be a dutiful collector of rents and someone who can maintain the property for you. The person you choose for the job should also be someone who has a strategy, or can develop one, for getting more tenants to your live in your property. Without maximum residency, your profits will be less, and you may not even have much profit if multiple units are vacant.

Assess Marketing and Screening Abilities 

If an aggressive marketing campaign is needed to fill units, your manager candidate should have this kind of background and motivation. To protect your interests, you’ll also want to discuss with any manager candidate some kind of screening process to secure the right tenants for your property, while at the same time avoiding potentially troublesome tenants, as well as those lacking the means to pay for the apartment consistently and punctually.

Discuss Handling of Maintenance and Repair Issues 

You should at least have an understanding, if not a formal agreement, with a property manager on how quickly they should handle maintenance issues and emergencies. Any contractors you regularly use for such work should be discussed with a new manager, and exactly how such work is to be done.

Evaluate Fees and Accounting Services 

Generally, property managers will charge between 6 and 12 percent of your monthly rent, along with any fees or costs that arise during the monthly period. It need hardly be said that your property manager candidate must be someone whom you consider to be completely honest, and not likely to inflate charges presented to you. Probably the best assurance you can have in this regard is to ask for references from other real estate people who have employed the manager before, and have been satisfied with the job done.

From:http://www.becovicmgmt.com/