For real estate investors, the right property management company can remove most of the stress involved with being a landlord. They can also maximize profits and protect the value of your investment. In addition to collecting and disbursing rents, they are also responsible for arranging repairs, screening tenants, and marketing the rental to minimize vacancies. As such, a great deal can depend on which company you choose. To find the most success, follow the steps below when screening potential property management companies. 

Interview Several Candidates

If any friends, family members, or colleagues own rental properties, ask if they are satisfied with the property management services they receive. Online review sites can also be a valuable resource, providing insight into the professionalism and quality of service different providers in your area offer. Once you have collected several viable candidates, schedule interviews with at least three property managers, and prepare your questions in advance.

Conduct the Interview

During the interview, collect information about the background of the company itself, including how long they have been in business, the size of their staff, and how many properties they currently manage. If applicable, find out whether they are licensed in your state and which certifications they possess before moving on to the specific services they provide. Ask how they handle the major tasks involved in property management, such as tenant screenings and repairs, and learn as much as possible about their marketing techniques.

Review the Fees

Whether property management is a profitable option will depend on the fees, your monthly mortgage payments, and the average rents in your area. Pay attention to the management fees, and ask about any other fees you may be charged. Before signing a contract, review this section carefully to ensure you can afford the property manager's services.

As a full-service commercial real estate firm with over 80 years of combined experience, NAI FMA Realty in Lincoln, NE, has the expertise and reputation for high-quality service to maximize the value of your investment assets. Visit their website to take a look at their properties, follow their Facebook for updated real estate listings, or call (402) 441-5800 to schedule an interview with a member of their team.