What to Ask When Hiring a Property Manager

What to Ask When Hiring a Property Manager

There are several, actually tons of questions you should ask before hiring a property manager that you may not have ever thought about asking.  Take a look at a few of these questions below before you hire a property manager  and you may find that you have fewer issues than you might have otherwise had.

  • A good place to start when interviewing property managers is to ask how long they have been in business. Although new property managers may be good at what they do, they might not have as much experience as they need to have to handle the situations that may arise.  Hiring someone with a lot of experience and many years under their belt as a manager is the best way to go.
  • Finding out exactly how many rental units a property manager has is a good thing to know. If the property manager doesn’t have enough units, it is likely that he or she doesn’t have as much experience as a manger as you would like.  If however they have too many properties to manage, you may find that you become a number and will be treated as such.
  • Finding out if the potential property manger has other units rented in your neighborhood is a good way to get some information on them. If you find that a property manager does have other units nearby, you may want to go by and talk with a few of their tenants to see what they think about the manger.  Word of mouth is a great way to find out if things are good or bad with a business.
  • Find out all the details with the property manger you are thinking about hiring such as if they offer direct deposit for owners, how they collect from tenants, what are some of the services they offer to their clients, and the like.

As I mentioned before, there are tons of questions that you could and should ask before hiring a property manager but the types of questions listed above should get you started in the right direction.  Don’t be afraid to ask anything and everything when it comes to hiring a property manager.  The more you ask, the more you know and the less likely you are to be disappointed in your final decision.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

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