If you’ve been wondering whether it’s time to change property management companies, or you’d like to stop managing your own home and hire a property manager, we can educate you on what to look for. There are a few things to consider when you’re searching for a Sacramento property management company.
Communication and Expectations
Think about whether you’re happy with your current property manager. We talk to owners who are frustrated with their Sacramento property management companies because they’re not communicating well. You need to discuss expectations so you get the greatest return with the least amount of risk.
Software and Technology
Talk to a potential property manager about their technology. Ask if they have software to track income and expenses, document work orders, and allow tenants to pay rent online. It should be easy for tenants to request maintenance and create online work orders. Funds should be quickly deposited into your account. Discuss whether they have electronic lockboxes to help with showings.
Advertising and Screening
You’ll want to know how a property is advertised. Find out if a management company has low eviction rates, and what they do to process an application. One of the most important things a property manager can do is provide good, high-quality tenants. Make sure your property will be visible on the internet. You also want to have any applicants go through thorough background checks. Your manager should look at credit, rental references, and income verification. If you get a bad tenant who doesn’t pay rent, you’ll have to evict, and that will bring down your ROI.
Experience and Reputation
Ask your property manager about their trained staff and whether they’re involved in local and national rental and property management associations. Do they have any Certified Property Managers or Master Property Managers? You need a company that can keep up with local laws and community trends.
HomeRiver Group is a best-in-class property management company. Some of the services you can expect include regular monthly statements, online capabilities for tenants and owners, and a quick transfer of your rental funds. If you’re considering whether you should switch property management companies, or you want to go from DIY management to professional management, give us a call. We can take you through our entire process and answer your questions about each stage of management.
Everyone should be on the same page when it comes to managing your asset so you can earn the best returns. For more information on Sacramento property management, contact us at HomeRiver Group Sacramento.
HomeRiver California Property Management, Inc CalBRE Lic 2055284