Finding an Effective Property Management Company — Questions to ask:Property Management: Hands exchange keys.

  1. First and foremost, when considering a property management company, check online courthouse records to find out how many evictions the company has done in the last 12 months?  (South Carolina online courthouse records available at — http://www.sccourts.org/caseSearch
  2. How long have you been a property manager?
  3. How does the eviction process work with your company?
  4. How long have you been a property manager?
  5. What type(s) of insurance do you carry?
  6. Number of  units you currently manage?
  7. How many property managers does your company employ?
  8. What associations do you belong to?
  9. How many vacancies do you have right now?
  10. Average length of time it takes to fill a vacancy?
  11. What does your lease look like?
  12. Late rent policy?  Any associated fees?
  13. Do you perform regular property inspections?  If so, how often?
  14. Are there any other fees (cancellation, eviction, renewal, marketing, account setup)?
  15. What do you charge for finding a new tenant and leasing the property?
  16. Do you charge a fee when my unit is vacant?
  17. Are there any guarantees?
  18. If I decide to sell my property, do I have to list it with you?
  19. Where do you market your properties?
  20. What is your repair process?
  21. How do you screen prospects?
  22. When would I receive rent?
  23. Do you do direct deposits?
  24. Can tenants pay rent electronically?

 

Posted by: Quartermaster Properties on December 30, 2016