When you’re looking for a property management company, you need to choose one that is right for you. I like to compare this to buying a hamburger. Sometimes, you’re in the mood for a burger that’s plain and simple. All you need is a piece of meat, a pickle and maybe some ketchup and mustard. It will cost you 99 cents and you don’t have to worry much about it. On the other extreme is something totally different. Instead of that simple burger, you want an Angus burger with the best meat. You want grilled onions and grilled mushrooms, cheese, the right kind of sauce, maybe a little avocado, tomatoes, whatever else you like on a premium hamburger.
There are similarities to choosing a property manager. There are lots of good property managers out there and they’re all different. Many of them are well educated and they take the time to understand your needs so they can take care of your property for you in the best way possible. It’s important to find one who fits with you, whether you’re the type of investor who wants cheap management or all the bells and whistles.
Decide what kind of services you need to feel comfortable that your property is being taken care of. We always suggest that you take the time to interview a few property management companies, and ask all the right kinds of questions. Find out what kind of services are available and whether they match what you’re looking for. You’ll have to decide if you want someone who is going to call you every time you have a leaky faucet. Do you want to make the decisions about tenants and whether or not they are qualified to live in your property? Do you want to make the decisions about rent and whether you’d be willing to reduce the amount of rent you charge, or if you want to help a tenant out? Decide what your level of involvement will be and then look for a property manager who will do things the way you want them done.
Owning an investment property is a big responsibility, and you want to be able to sleep at night. You are unique and you have different goals than other people who own investment properties. Everyone has a different tolerance for risk. Find a Hayward property management company you are comfortable with so you can enjoy your investment and maximize your profits.
If you’d like more information, or you have any questions, please contact us at Aapex Property Management, and we’ll help you through the process of choosing the right property management company.