Property Management For Multi-Property Owners: What To Look For

As a property owner, when you expand your investments and have multiple properties, it can be hard to keep up with it all. That's why many property owners opt for property management services instead of trying to juggle it all themselves. If you're in the market for a property manager, you should know what services to look for. Here's a look at some of the things that you should think about when you're choosing property management for your rental properties.

Will You Get Onsite Management?

Some management companies will provide you with dedicated onsite management, particularly if you're dealing with a multi-unit facility, like an apartment building. If there's a rental office on site, your property management company can staff that office and ensure that your tenants have someone they can talk to any time during business hours, as needed for their ongoing needs. Whether it's a broken faucet or a question about common areas, there will be someone there to respond when they need it.

Do They Provide Maintenance?

Some property management companies provide onsite maintenance as part of the management contract. If you can get property maintenance included, that can save you significantly when it comes to the demands on your time. You may have to pay for materials for repairs, but the fees you're already paying for property management will cover the labor costs for these basic repairs.

Your property management company can also facilitate professional repairs, such as those that require a plumber, electrician, or other services. Snow plowing and ice mitigation in the winter as well as yard maintenance in the summer can also fall under property management.

Can They Handle Tenant Turnover?

When a tenant leaves, the time involved in preparing that unit for showing, then finding a new tenant can be intensive. If you don't have the time required, or you're trying to work a full-time job at the same time, it's best to work with a property management company that will provide that service as well.

Many property management companies will handle preparing a unit for showings, scheduling and handling showings, and even conducting tenant screenings and selecting your new tenants. You can essentially be hands-off on the property if you wish to be.

The right property management company can take the stress out of your property ownership and let you enjoy the benefits while leaving the time-intensive work to someone else. Talk with a local property management company today for more details about the services they can offer you.