As the blog of a property management company I am sure you would guess that we would have nothing but positive things to say about the property management industry as a whole.
Unfortunately, you would be wrong.
The truth is that just like with any profession there are some that go above and beyond to be stellar at what they do while there are others that are in the business for the wrong reasons. Rather than bombard you with nothing but positive messaging about property management, we would like to lift the shades and shine a light about the relationship between property owner and property manager with today’s post. Our hope is that you will walk away with some new insights and perspective on property management and whether or not it would be a good idea for your portfolio.
Not Everyone Needs A Property Manager
It’s true! Not every single landlord really needs or would completely benefit from having a property management team take over the property for them. For example, if you are a contractor that lives in 1/2 of a duplex and rents the other side out without any other properties to manage, and have plenty of extra time on your hands, there may be no reason for you to utilize a property management company. Although in most cases the benefits far outweigh the investment of hiring a property manager, there are also times when landlords truly enjoy the activities associated with their responsibilities as an owner. Again, if you have decided to make managing your properties your career or truly feel passionate about it, it may not be in your best interest to outsource property management.
Understanding The Landlord-Property Manager Relationship
Should you decide to hire a property manager or at least begin interviewing them for the position, it is really important that you have a clear dialogue about what your relationship roles will be. It’s important that you understand absolutely every task that your property manager will be responsible for and what is included in their pricing versus what will result in additional charges to you. It’s also important that you understand things like how they plan to communicate with you (phone or email), how they communicate with your tenants, and how their operations work. Be thorough in your interview with each property manager to decipher the differences between them, their fees, and their unique style of property management. It is extremely important that you select a property manager that you feel you can easily trust, communicate with, and grow with as you develop your portfolio further.
How To Find A Sacramento Property Manager That Fits Your Needs
Again, not all property managers offer the same menu of services or fee structures. They also vary in the way they conduct their business and the types of property management that they focus on. Before you even begin your search for your Sacramento property manager, it’s important that you sit down and be honest with yourself about what it is that you’re looking for out of a property management company. Write a list of what your top priorities are and use them as a guide to filter through your options. Of course, you should always check references and ask those references how they feel about that property manager’s ability to perform in the areas that matter to you most.
Is Alpha Property Management Right For You?
Although you may already have a good idea if Alpha property management is the best possible company to guide you in your portfolio onward and upward, it’s impossible for us to tell. Therefore, we would love for you to give us a call so that we can chat about the current state of your portfolio and what your priorities are in a Sacramento property manager. It is of the utmost importance to us that we align ourselves in healthy owner and property management relationships in which both sides feel comfortable and confident. So give us a call and let’s get to know each other.