To rent out a property successfully, you have to have the right people on your side. Since a rental property is an asset and an investment, you want people who are going to help you grow that investment.
Looking for the right leasing-only service, leasing agent, or property manager can be challenging and often confusing. You will also want one that works for you, your needs, and your property's needs.
Knowing the right qualities will ensure you'll find the right property manager or leasing agent for you. Here are five essential qualities to look for.
1. Specialized Experience
Property management can be challenging and complex, so you want someone who will be able to navigate the industry. A good property manager or leasing agent will be on top of all local, state, and federal laws pertaining to renting.
Look for specialized and extensive experience in the industry. Consider whether they do residential or commercial management. You also want to ensure they have a proven and positive record.
2. Clear Communication
Property managers tend to handle much of the day-to-day issues. However, clear communication between the property manager or leasing agent and the investor is a must.
Consider how often they communicate with the property owner, as well as how quickly they get back. Settle which situations to communicate with the property owner and which decisions they can make on their own.
3. Local Expertise
Every area is different in terms of the real estate market. You must have someone who has expertise in the area you're trying to rent your property.
They should know the challenges, advantages, licensing, and laws associated with the area. This will help you find the right tenants and keep them for longer.
4. Has Licences and Certifications
This should go without saying, however it should still be mentioned. All property managers and leasing agents should have up-to-date licenses, certifications, and training to work in your state or area.
As the investor, it's also important to verify that a professional not only has these certifications, but they are as current as property. This will give you peace of mind that they will be able to properly manage the property.
5. Good Property Management Agreement
Remember that you are entering into a business agreement with a property management company. Take a look at the property management agreement carefully, as this will outline the business relationship.
The Right Leasing Only Service
If you own a rental property, having the right team to manage it will help you protect your investment. You want a leasing-only service, property manager, and leasing agent that will help you make renting your property a breeze.
Looking for these five qualities will help your rental property run smoothly. As you shop around for the right service, keep these qualities in mind.
Nest Finders Property Management has all of these qualities and more. Our experienced and proactive team is sure to get you results when it comes to your rental property. Contact us today to start the leasing process!
