Wealth Through Real Estate

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Category: Property Management

How to Choose the Best Atlanta Property Management Company

Published / by Jason

Real estate market in the country is rising after the decline that followed the 2008 crisis and investors are now rushing to acquire more properties to take advantage of the booming market. However, one thing that every real estate investor out there needs to know is that the number of returns that you get from your real estate investment is highly determined by how your properties are managed. Let us look at the Atlanta real estate market and see how an investor can choose the most suitable Atlanta property management firm to take care of his/her properties.

atlanta property

  1. Assess whether the company is also a good realtor company

It is worth noting that not all Atlanta property management companies are good realtor companies. It is, therefore, important to assess the company that you want to hire and make sure it meets your demands and expectations. You need to interview the company you want to hire with the help of your attorney and make sure all your questions are answered before signing any contract to empower them to manage your properties. This will enable you to make sure your properties are in safe hands and avoid dubious property management firms in the area.

  1. Consult extensively with the references

It is very important to make sure you have consulted the available references who have worked with the company that you want to hire before reaching their manager. Past clients who have worked with the property management firm that you want to hire can give useful information that will help you to determine whether the company is a reliable one or not. The information you get from references is sometimes more accurate than what the representative of the company will tell you. This also helps you to prepare for the interview with the company you want to hire because you are informed about the areas that you may need some clarification.

property manager adequate resources

  1. Make sure the property management company is legally registered

It is worth noting that the rapid growth of the real estate market in Atlanta has also led to the increase of mushrooming real estate management companies that do not meet the required requirements to be allowed to operate as property managers in the area. It is very important to make sure that the company that you want to hire is legally registered and licensed by the local and state authorities to do business. If possible, it is even better if you are able to confirm whether the employees of the company are qualified professionals with some experience in real estate matters.

  1. Consider the management fees

It is very important to make sure you are comfortable with the fees charged by the property management company that you want to hire. The fees should be reasonable and affordable based on what is charged by other property management firms in the area. Property management fees in the area range between 8- 12 percent of the collected monthly rent and it is advisable to go for the one with the lowest fees as long as their services meet your expectations.

  1. Confirm the company’s permanent offices and address

The number of property management companies in the area is increasing rapidly and some of them are not serious at all. We have some real estate management companies that do not have a permanent office and address. You should not be surprised as a property owner if you call a property manager and they tell to meet in their homes or in another place that is not their office. It is extremely important to confirm the address and office of the company you want to hire before signing any papers. Avoid any property management company without a permanent office and office no matter how pleasing their offer is.

  1. Make sure the company has adequate resources

Some of the upcoming real estate management companies in the area do not have adequate resources to enable them to render quality services to their clients. Remember that once you have hired a property management to take care of your investment, the company also assumes the responsibility of doing repairs and renovations on your property as long that is included in the agreement. It is therefore very important to make sure the company you are hiring to take care of your properties has adequate resources to perform its duties according to your expectations. Make sure the company has enough equipment and workforce do timely repairs and renovations on your property when necessary.

Tips on Finding a Seattle Property Manager

Published / by Jason

Seattle is among the few cities in the country where real estate has fully recovered from the 2008 crisis that affected the country. Here, properties appreciate year after year and investors have a reason to smile all the way to the bank. Investing in rental properties in the area is a booming business because the demand is very high and rates keep on shooting up. However, you need to invest in a reliable Seattle property manager if you want to maximize your gains and grow the value of your investment. Remember that the real estate market in the region has attracted many stakeholders and not all real estate managers are competent. The following are some of the basic tips that you should consider when choosing a Seattle property manager if you want to rest assured your real estate investment is in safe hands.

  1. Make sure your property manager is certified

Real estate investment in Seattle is highly profitable and it has attracted both qualified and unqualified property managers. It is, therefore, important to make sure your property manager is certified to manage properties in the area. He /she should be licensed by the state to operate in the area as a property manager after undertaking and passing the required property management courses.

seattle property manager

  1. Consider hiring a property management firm instead of an individual

I am not saying that individual property managers in the area are bad. However, it is wise to entrust your property in the hands of a property management firm instead of an individual. Property management firms have more resources that enable them to deliver better services than individual managers do. It is also safe to entrust such a mega investment to a registered company than to an individual property manager.

  1. The property manager should also be a good marketer

Although rental rates in Seattle are going up here after a year, it is worth noting that the market is highly competitive. It is, therefore, important to make sure you have advertised your property extensively to reach out for possible renters. However, if you have decided to hire a property manager to take care of your properties, it is important to make sure he or she has good marketing skills. This will lower vacancy rates in your properties and you will be able to maximize your properties.

  1. Consider a local property manager

If you want to increase your chances of finding a good property manager is Seattle, it is better to go for local property managers. I am not saying that foreign property managers in the area are bad, but local managers are likely to give you better services. A local property manager has a better understanding of the real estate market in the area and is in a better position to meet your demands without compromising the expectations of your tenants. A local property manager understands better the rules and regulations governing renting of properties in the area and is unlikely to put you into trouble with the law enforcers.

  1. Consider property managers with a permanent office and address

Do not be surprised to hear that some of the property managers in the area have no permanent offices and addresses. Some of them operate from their home office or in a shared office owned by someone else not dealing with real estate matters. You need to keep off such property managers if you are a serious investor. A good property manager should have a permanent office that can be accessed at any time without restrictions by your tenants and even yourself. He/she should have a permanent address where tenants can send checks when paying rent and other tenancy related documents.

seattle

  1. Your property manager should be highly reputable

A good reputation is very important in as far as property management is concerned. You need to make sure the manager you are hiring to look after your rental properties is highly reputable. You can ask for reviews from other property owners in the area in order to confirm whether the property manager you are about to hire is a performer or not. It is also worth noting that tenants are very cautious about the person taking care properties they want to occupy and are more attracted to properties under the care of managers with a good reputation. It is common to hear possible tenants say, “this apartment is great, but the manager in charge is the problem.”

If you’re looking for a particular property manager and would like a recommendation I have personally used T-Square Properties to manage my property. They’re a property management snohomish county and they’ve been very responsive to my property and they have a great team to work with.