If you’re new to being a landlord, you may feel you know more about real estate investing than handling tenants. If you’re struggling to find good tenants or have any concerns about keeping your investment properties safe while earning an income from them, you may benefit from working with a property management company.
Of course, the benefits you get from a property management company are only as good as the company you choose to work with.
The video posted here can teach you how to find a great company that will help you find excellent tenants and keep your properties as safe as possible.
First, you need to know how a company screens tenants. They should check for past evictions and reach out to their former landlords to learn about their habits for paying rent on time. You should also ask them about their fee structure. Many property management companies charge a percentage of monthly rent. You should also ask them what happens during an eviction to ensure they are handling them legally and as safely as possible. Lastly, you should ask them about their vacancy rate. This will let you know if they are effective at attracting new tenants.