An excellent property manager is skilled, experienced, and resourceful. To hire someone with these qualities, you must ask potential employees the right questions to ensure they’re up to the task. Nova Property Management in Anchorage, AK, has more than 35 years of experience in the property management industry, assisting owners and renters with a broad range of concerns, and offers a few essential inquiries when you’re making a hire.

5 Must-Ask Questions for a Property Manager

How Many Units Have You Managed?

Experience is critical for a property manager, especially if you have a large building, so ask how many units a candidate has managed simultaneously. If it’s a low number, they might lack the acumen you need for the job.

What Terms Would Allow Me to Cancel the Contract?

To avoid being locked into a contract with a property management company that doesn’t meet your needs, ask about the procedure for canceling it. Determine conditions that would permit you to leave the deal without a penalty, such as a failure to meet occupancy expectations or complaints from tenants. Avoid a contract that’s hard to cancel when you have a justifiable reason to do so.

Would You Apply Fees When There Are No Tenants?

If a rental unit is empty, some property managers still charge for services rendered. This is known as a fixed rate, and you should approach such a deal with caution since it might reduce a manager’s motivation to fill vacancies.

How Would You Collect Rent?

It’s best to make rent payments as easy as possible for tenants, so look for a manager who offers options to submit them online. Having tenants drop off or mail checks is inconvenient and might result in slow processing and late payments.

How Would You Market the Property?

The right promotion and marketing techniques are critical to attracting suitable tenants. A property manager should have a plan to market properties using a variety of channels, including print and online advertising.  

With Nova Property Management, you can rest easy knowing your investment is in experienced and capable hands. Their real estate professionals have been helping Anchorage building owners with leasing and maintenance for over 35 years. Call (907) 522-1332 to discuss their services and visit their website for information on what their skilled property managers can do for you.