Questions You Should Ask Your Property Management Company

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When renting a property out to tenants in the local Fort Lauderdale area, it is important that you not only select the right tenants but also have the ability to handle any problems that may occur during their renting period. This can be daunting for those new to investment property renting, although with some help from a property management company you can have peace of mind knowing that a professional property manager can undertake the duties required to manage your Fort Lauderdale property so you don’t end up paying more costs than you have to.

What To Ask Your Property Management Company Before Hiringproperty management

When choosing a property management Fort Lauderdale FL company, it is important that you ask selected questions to ensure they are the right choice for you. These questions include:

1. What Is Your Process Of Finding/Screening A Tenant?

A real property management company in Fort Lauderdale will have a specific process that they use to screen prospective tenants for selected rental properties. They should be able to go through their process with you to not only give you peace of mind, but to show you that they won’t just let anyone into your investment property.

2. How Many Years Of Experience Do You Have?

Successful property management companies are generally in business for many years. Choosing one that has a few years behind them will help to guarantee that your investment property will be well taken care off. Don’t be afraid to ask for portfolios, testimonies, or any other positive feedback the company may have. This will give you an idea on their experience, professionalism, and success when managing a property in Fort Lauderdale.

3. How Often Do You Increase Your Fees and Are There Any Additional Costs?

Like any company you hire, there will be fees involved. If you are on a strict budget, it is important to ask if there are any additional hidden costs or fee increases the longer you stay with company. This will give you insight into assessing your long term arrangement with your selected South Florida property manager

4. How Many Inspections Do You Issue In A Year/Can I Attend?

Inspections are very important to assess how the tenants are looking after your property. Ideally any property management companies should inspect the property more than once per year. If you would like to attend the inspections, it is also something that you will need to address with your property manager to see if it is possible.

5. What Happens If My Property Needs Maintenance Urgently?

Over the course of the rental period, 9 out of 10 times a property may require urgent maintenance. These types of incidents generally need to be seen to as soon as possible to reduce the risk of additional costs with damage. Any residential property management company should be able to give you a timeframe on when they can address any urgent maintenance requirements.

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  • Gaylord
    Reply

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