When you need to choose a great company who does property management Columbia SC, it is one of the most important things you will do for your rental properties. When you are searching for the right manager, you need to do a thorough interview of each one you take a look at. After you’ve done this, you should be able to decide which ones are worth looking at working with. Some questions to keep in mind while interviewing these companies can be found below.
You want someone who is going to communicate with you, and who will use email and be responsive to both that and telephone calls or texts. If you don’t get a response back in a timely fashion, it is time to find someone else. Plus, you’ll need someone who can deal with you and your own idiosyncrasies. Some people are needier then others and you want to let companies know where you stand up front, so you are sure that they are willing to be flexible for your needs.
A Columbia property management company will usually charge you a monthly fee to maintain and keep an eye on your property. These fees will range from as low as five percent, all the way up to twenty percent. You should obviously seek a company who charges less but provides you with more services.
Maintenance and Repairs
Do they have their own crew for maintenance, or do they contract work out to a handyman? Also, how much do they bill out and can they take care of all kinds of repairs? What if something comes up which they can’t handle? Do they work with other contractors?
Plus, you will want to have the maximum which the company can spend without having to contact you first. It is generally a good idea to let them do what they need to do as long as it’s something under one hundred dollars. Over that, they should have to call you to confirm the work.
Termination of you Agreement
If for some reason your relationship with the company doesn’t work out, you want to know up front exactly how you can terminate the agreement between the two of you. Are there penalties or charges for breaking the contract?
How does the property management company handle evictions and what will it cost?
Does the management company send you monthly or quarterly statements? You shouldn’t deal with anyone who won’t give you monthly income and expense reports.
When will your check be mailed to you? Many state laws will dictate the accounting rules for managers, but you want to know any of this up front. Also, how do they handle tenant deposits? Are they commingled or just put together into the other income for your account?
Where does the company advertise properties and are for rent signs put out on the lawns of the property? Do they use the Internet or newspapers to advertise? There are plenty of places which are effective to advertise. It is also a good idea to know how many properties the company doing property management in Columbia SC is managing, how long they’ve been in business, what areas they focus on and any other questions in regard to their experience. These questions will help you to find the right company.