If your investment property is far from your location and you have no time to manage it, you might want to consider hiring a professional to oversee it. Known as property managers, these professionals are experts in handling the daily operations of your rental property while making the best decisions in improving the profitability of your investments. From filling vacancies to addressing tenant issues, hiring a reliable property manager benefits you and your occupants considerably.

How to Find a Strong Property Manager

What to Ask Potential Property Managers

Before hiring a property management company, you need to ask the right questions. Focus on their experience as managers, certifications and continuing education in property management, and real estate portfolio. After learning about their background, ask about services provided, corresponding fees charged, money management, and premises maintenance. You can also quiz them on their knowledge of landlord-tenant laws to see if they can handle disputes effectively.

Why Knowing How to Manage Your Type of Property Matters

Ideally, you want to find professionals that have extensive experience in managing property similar to the one you own. Having this knowledge means that they can offer more focused and specialized services. For instance, a house will typically require yard maintenance while an apartment may come with body corporate fees.

How to Find the Right One

Do your research before hiring managers for your property. Get referrals from several sources, like property owners or real estate agents. Search online for other potential property managers in the area, and read their customer reviews as well. Visit their active rental listings to get the tenants’ opinions on how issues are handled. After narrowing down your choices, interview and screen them to learn about their experience and qualifications, and check if their licenses and certifications are current. Scrutinize the terms indicated on the management contract, particularly those about services, charges, responsibilities, and cancellation clauses.

For more than 35 years, property owners throughout Anchorage, AK, have relied on Nova Property Management, the area’s leading apartment management company. With a suite of customizable services, their team of property managers can ensure that your investment properties will maximize profits and minimize issues. Call (907) 522-1332 to schedule an appointment, or visit them online to learn more about these real estate professionals.