With the right management and good marketing, a rental property can be a fantastic long-term investment. It pays to hire the best property management company you can find. Nova Property Management in Anchorage, AK, recommends doing some research and asking these three questions before signing a contract.

Can I See Your Standard Lease?

Don't commit to a property management company until you've thoroughly read through the lease and the legal agreement that defines your relationship with the management company. Read through it carefully, and make sure their services cover every aspect of managing the property.

What Is Your Fee Structure?

In most areas, you can expect to pay as much as 8-12% of the monthly rent to the property management company. However, some may add on additional fees associated with everything from lease renewals to representation at HOA meetings. All of these fees can quickly pile up and destroy the profitability of your investment.

How Many Properties Do You Manage?

On one hand, you want a property management company with enough experience to successfully handle your rental units. On the other hand, if they look after hundreds of properties, they may not have the time or the resources to make sure your affairs get the attention they deserve. Ask how long they've been in business, how many employees they have, and whether you can see any properties they currently manage.

For over 35 years, the experts at Nova Property Management have been helping property owners maximize the value of their investments with effective services that cover every aspect of running a rental. Learn more about their services online, or call (907) 522-1332 to make an appointment today.