Over the past few years, as the market in Orlando has started to come back up, it has sparked new property buying opportunities for real estate investors. And, as investors’ portfolios have increased, working in conjunction with a property management team has been a beneficial alternative that can help investors to save time, while still profiting on their investments. But, because just about anyone can hang out a shingle today and call themselves a property manager, how do you sort out the entities that have the qualities that you’re seeking, while also ensuring that your investments will be well managed?
There are several ways that you can find the best fit for your specific properties and their needs, including:
- Getting Referrals – One of the best ways that you can find a property manager is to obtain referrals from other investors. In doing so, you will be able to ask questions, and in turn, get more in-depth details on what may (or may not) be working for other real estate investors in your network. It is important to note, though, that sometimes referrals can be biased, so be sure to get more than just one.
- Checking Out the Properties that are Currently Managed – Once you have a few names of property managers, drive by the properties that they are currently working with. This can allow you to see first-hand how the homes look, and whether or not they are empty or occupied. (It can also give you a better idea of the kind of tenants that may be living in the properties).
- Interviewing Several Property Managers – It is also key to interview several different property managers in person before making your ultimate decision. This will allow you to ask direct questions, and to see how their office operates.
Going with an experienced property manager can oftentimes make or break the profit you earn on an investment. For more information on how our property management services can benefit you, Contact Us.