Contrary to popular belief, not all property management companies are created equal.
With the housing market now getting back on its feet, everyone is looking to cash in. Nationwide, reports about rental home scams are all the buzz. From unlicensed agents illegally leasing out homes to con artists posing as property management companies, it’s hard to differentiate who may or may not be trustworthy.
So how do you find a credible property management company?
For one thing, always trust your gut feeling. If something feels off, don’t just brush it aside. Ask questions and check around. Remember that in every relationship, whether business or personal, trust is key. Look for certifications and don’t be afraid to ask for credentials.
- How long has this company been in business?
- How many rental homes are they currently managing?
- Are they well established in the community?
- Do they have any references?
- How knowledgeable are they in state housing laws?
If you are an investor wanting to enlist the help of a property management company, here is a brief breakdown/run through of what you should expect.
Most companies typically charge a monthly fee of 8-10% depending on how many units you own. This is a standard rate.
When it comes to property management services, there are several packages to choose from. For example, at GA ATL Property Management, we offer investors three different options.
Option A – tenant placement only. For a one-time fee, we will advertise your rental and procure a suitable tenant using our extensive screening process.
Option B – property management. Already have a tenant but need help managing the property? No sweat, we are here for you.
Option C – tenant placement and property management. Just sit back, relax – and let us handle everything.
Based on your selection, full service property management companies can take care of maintenance issues as well as minor legal matters that arise to ensure your experience remains stress-free.
Owner statements to keep you updated on your property’s status, whether paper or electronic, should be sent out at the end of every month.
Why should you hire a property management company?
Ask yourself this – are you sick of dealing with tenants who never pay on schedule? Are you frustrated because evicting an unfit tenant is just too much of a hassle and you’re not familiar with court procedures? Do you want to be able to spend more time with your family? Do you just want more time for yourself?
If you’ve answered yes to any one of these questions, give us a call and let us help, we are here for you. With over 15 years in the industry, our property management specialists are qualified, experienced, and have your best interest in mind. Allow us to maximize your investments. Call for a free home assessment today! 770-557-1744