After investing in a rental unit, the last thing you want is bad property management. But unfortunately, landlords can incur losses through unpaid rent, damage, or vacancy.

About 44% of rental properties are managed by a property management company. This number goes up to about 50% for landlords with multiple properties.

Property management services can ensure you get the most from your investment. They also offer many services to make your life easier. But not all property managers are worth doing business with.

There are a few key points to consider when choosing property management services. Keep reading so that you can make the best choice.

Excellent Reputation

Before hiring a licensed property manager, it's essential to do your research. Look for a company that has years of property management experience.

Also, look at any ratings on relevant third-party websites. For example, Carolina Property Management has an A+ rating on the Better Business Bureau website. Reading online reviews is a great way to determine reputation and service quality.

Competitive Management Fees

Cheaper isn't always better. When comparing property management costs, look at the services offered for those fees. Property managers can offer various services; some might not be a priority for you.

The goal is to find a property manager that offers value for money. First, make a list of your highest-priority services. Then look for a property manager that meets all your needs without unwanted services.

Also, consider the fee style. Some property management companies offer a flat monthly rate. Others take a percentage of the rent that is collected.

Maintenance Services

Property maintenance is unavoidable so ask the property manager about their repair process. An important question to ask is how quickly they respond to maintenance requests. For example, in emergencies such as a burst pipe, can they be reached 24/7?

Also, find out if they charge extra fees for handling maintenance requests. Or are they included in the management fee? In addition to costs, inquire about their maintenance vendors and work guarantees.

Flexible Contracts

Property management contracts can be drawn up for various lengths of time. Some property managers want to tie you in for two years. But, it's better to negotiate a shorter contract or find another property manager.

Even better is to find a property manager that offers a month-to-month agreement. Some property managers, such as Carolina Property Management, don't even charge termination fees.

To learn about the most common mistakes made by property managers, please visit this link. https://carolinaspropertymanagement.com/blog/top-property-management-mistakes-that-you-must-avoid-at-all-costs 

Choosing Property Management Services

Whether you own one or multiple properties, a good property manager helps you get the most from your investment. Not only do they find suitable tenants, but they also provide other valuable services.

When choosing property management services, finding a good fit is important. Look for a property manager with a good reputation that you can trust. Ask plenty of questions to make sure you have the complete information.

Contact us today for a free consultation if you are in the Charlotte, North Carolina area. We offer a suite of services to suit all property owners' needs.

To learn more about the role property managers play in the eviction procedure, click here.