How to Choose the Right Property Management Company for You

Property management has many benefits. Some of these benefits include stress-free tenant handling, ease in budgeting, worry-free vacancy filling, lower maintenance costs, and more.

The benefits of property management are undeniable. However, with more than 300,000 real estate management companies in the United States, how do you choose the right one for you?

Here are some things you might want to consider when choosing a commercial real estate management company for your property. 

Licenses and Insurance

The first step to choosing the right real estate management company for you is to make sure that the company you choose is properly licensed and insured. While these two may seem like no-brainers, keep in mind that there are dozens of companies out there that do not carry the necessary licenses and insurance.

You should also make sure that whatever the property type that manager is licensed for is the same as your property. Some property managers carry multiple licenses, and while this isn’t necessarily a bad thing, it is important that it suits your properties’ needs. 

Experience

Experience is not only key when it comes to choosing the right property management company, but with anything. You should be looking for years of experience in the commercial real estate industry.

Management companies that have been in business for a long time tend to be more professional, and their systems tend to be more streamlined. They are also well-versed in handling the intricacies that come with managing commercial properties. 

Staffing

When it comes to staffing, make sure that the property manager you choose has adequate staffing. A large enough staff is crucial for property management.

More staff members mean more people will be on-site and keeping an eye on the property. There will also be multiple people who can answer tenant calls, handle maintenance, and call for property repairs promptly.

Performance

Another thing to consider when choosing a real estate manager is their history. You certainly don’t want to be the first property they have ever managed. You will want to choose a company that has a track record of success. This means they have successfully managed other properties without a huge turnover rate and loss of income.

That being said, don’t hire the first company that comes across your search engine results page. Dig a little further and thoroughly analyze their historical performance, check out reviews about them, and read through client testimonials.

Customer Service

Managing properties and interacting with tenants require a certain level of customer service. This is why you should consider a company’s customer service approach when looking for your ideal commercial property manager.

Make sure that the property manager you choose has great customer service skills. This will be very important if something goes wrong with property management. The property manager is the first person tenants will contact about maintenance issues or any other issues for that matter. They will also be the first person to come and inspect the property before a tenant move-in.

Conclusion

Hiring the right commercial property management company is one of the best decisions and most daunting decisions that you can make as an investor. With the right property managers, your property will be in good hands. You can rest easy knowing that if an issue comes up, it is being dealt with professionally and will be resolved quickly.

A property management company makes the work of property management much easier. While it may not seem like a lot of work to handle vacancy filling, tenant matching, maintenance scheduling, and more, these things can easily add up. But with a commercial real estate management company, you will have a team of people ready to take on these tasks for you.

If you are looking for the best property management company in Jacksonville, FL, Quest Real Estate. LLC is at your service.  Our experienced and knowledgeable team can handle everything from strategic property marketing to 24-hour emergency maintenance coordination and everything in between. Contact us for a free quotation today