5 Key Factors for Hiring the Right Property Management Company

[Sanjeev Advani]

Hiring a property management company is a decision that requires careful thought. IREM President Libby Ekre, CPM, shares five essential things to look for:

1. Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.
2. Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.
3. Property Type Expertise – Match the company’s strengths with your specific property type for better management.
4. Company Culture – Look for a firm that values customer service and team management. It’s not just about managing assets, but people too.
5. Market Reputation – Always perform due diligence and assess the firm’s track record through interviews, property visits, and broker consultations.

Choosing a firm with these qualities ensures better management and long-term success.