Besides understand what a property management company does, another thing that is helpful to know when hiring a property management company is to understand what attributes make a good property management company. Price should never be the only thing to consider when hiring a property management company. Things like communication, knowledge, and professionalism can go a long way and should be put under heavy consideration when hiring a property management company.
Communication from the property management in San Diego is so important. There is no worse feeling than not having any clue as to what, if anything, the property management company is doing for a person’s rental property. This can be especially nerve racking if a person lives too far away to be able to do regular checkups on their rental property. It is nice and comforting for most property owners to at least hear that their rental property is doing ok, or the tenant is really happy with the place.
Experience and Knowledge
Knowledge is also a very important attribute of a property management company. They need to have a clear understanding of the responsibilities of a property management company as well as a clear understanding of any rules or by laws that govern the neighborhood. It is their responsibility to then keep the tenant or tenants well informed of all of the rules and consequences of breaking those rules. If fines are levied, then the property management company is responsible for enforcing that the tenant pay the fines.
Along with this knowledge is professionalism. The property management San Diego should carry themselves in a professional manner. Communication should be professional as well as the bookkeeping. The property management company should give regular breakdowns of the rents paid, fees assessed, and any maintenance costs incurred each month. Then at the end of the year they should be able to produce the appropriate tax forms for the rental property owner.
Finally, everything should be done in a timely manner. When a tenant pays their rent, then the property owner should expect to receive their payment within a few days after the check has cleared. Unless there are extenuating circumstances, it should not take longer than five business days for a property owner to receive their rent checks each month. Of course, these terms should be outlined in the original agreement. If they are not, then the property owner needs to ask that they be placed in the rental agreement.
These are just some of the traits that make a good property management company. Of course, the best way to know is to ask current or past customers. If that is not available, then check third party sites for reviews.
The Association Management Group is a company with over 25 years worth of property management in San Diego experience in real estate and condominium property management, as well as home experience in property management for owners associations. The company covers all services needed including financial services for budget analysis and more.