Managing rental properties can be a convenient way to make extra income. However, with your busy schedule, you may not have time to stay on top of this role. That’s why many homeowners hire a property manager to handle their rentals. As you consider potential managers for your properties, ask the following questions. 

What to Ask A Potential Property Manager

1. How Many Rental Units Do You Manage?

A manager who works with only a few rental properties might not have sufficient experience. However, one who works with thousands of properties might not be able to give your units proper attention. Look for a residential property management company with a workload somewhere in the middle. For busy markets like Hawaii, this could be several hundred. 

2. What Fees Are Included in Your Services?

Ask a potential manager if they charge when the property is vacant and about other management fees. You’ll then have an idea of how a particular manager could work within your budget. Ask for a complete cost breakdown in writing to better inform your decision. 

3. What Is Your Turnaround Time on Maintenance?

You want tenants to receive a prompt response on maintenance, so ask the property manager how quickly they generally address any issues. A quick turnaround time will lead to repeat tenants and improve the reputation of your properties. You also need to know when to authorize repairs or appliance replacement.

4. What If I Decide to Sell My Property?

Some property management contracts will include a clause that requires an owner to sell with the management company if they choose to list the house. Depending on your preferences, this could make a future sale easier, or you might want more flexibility than this type of contract allows. 

5. Will I Have Any Say in the Lease Agreements?

Lease agreements are an essential part of the rental process, so you want to know if you can have input in the contents. You should also ask the property manager how they determine rent, as you may want input in this process as well.

When you’re looking for a property manager, Classic Maui Properties in Pukalani, HI, is here to provide professional services you can trust. With 40 years of experience, they are recognized by the National Association of Realtors® and have the local knowledge necessary to manage your properties effectively. For more information on their services, visit their website, and call (808) 878-1001 to schedule an appointment today.