Property Management Phoenix AZ

Property Management Phoenix AZ: Do You Know How to Find a Great Property Manager?

If you’re reading this you probably have already researched property management Phoenix, AZ and know the tremendous benefit of hiring a property manager. You’ve come to the decision to hire one. Whether you have one property, just beginning this process or have multiple properties and have your investment has grown beyond your ability to manage so many, vetting your property management company is of the utmost importance. After all, your rental properties are a huge investment you’re going to put in the hands of someone else to manage.

Property Management: The knowledge of the business

• Credentials- The first thing to know is what credentials does the property management company have. Not every state requires licensing, but an aggressive property manager will obtain licensing regardless
• Property Management Experience– How long has this property management been managing properties, either for themselves or for clients.
• How many properties is the company managing and how many of them are sitting empty?

Click Here For A Free Rental Property Analysis

Property Management: Local Knowledge

Knowledge of the area in which your investment property is located is essential. Your property management company should be keenly aware of HOA policies, local ordinances and laws as well as state and federal laws that govern rental properties. You should also be aware of these in order to discern the property manager’s knowledge.

Not only knowing the laws and rules, but also knowing the general area. They are going to “sell” the benefits of living in your property to the potential tenant, the manager is going to need to be able to tell the tenant what the community benefits are and if this community is a good fit for them.

Property Management: Your Partner

• Do they have the management style you are looking for?
• Do they have the skills to negotiate on your behalf?
• What do their tenants say about their interactions with the property management?
• How engaged do you want to be in the process and are they willing to work with you regarding your input (or lack thereof)
• Is the property manager someone that you feel reasonably comfortable with their personality? Do you actually “like” them?

Property Management: the Process

No one hires a company to manage their assets without knowing something about the company’s process for managing these assets.

• What are the fees associated with property management?
• How often do they inspect your property?
• Do they have a standard lease agreement? Can it be altered to suit your needs? Does it meet local, state and federal guidelines?
• How do they vet potential tenants?
• What is the process for collecting rent, dealing with evictions, handling tenant issues and maintaining your investment property?
• How will the property management advertise your property?
• How well is the staff trained? What is the property management’s staff member’s roles?

Property Management: Engaged, Efficient and Up to date

Every industry, including property management, has associations and memberships that help those actively working in the industry stay abreast of the changing environment within the industry. You want a property management company that engages with these associations. It helps them better prepare for coming trends, changing laws and exposes them to technology that keeps property management efficient.

Choosing property management Phoenix, AZ boils down to the level of confidence the company can provide you. To speak with Kevin Kirkwood, owner of KRK Realty and Management, contact us today and learn what KRK can do for you.