Best ways to Vet Property Manager

[Tyler Condon]

I'm looking to find my first property manager and I wondered what obvious red flags to look out for. If there are any scams people have experienced or anything that I must have in the contract before starting.

[David Liu]

Ask them if they have licensing. 

Other red flags:

Give them a situation and ask them how they would handle it. 

I.e. if a lightbulb is dead, what would they do? Do they send a handyman that'll charge you $50 to change the lightbulb or would they ask the tenant to just change it? the latter is the better response. 

Ask them how they receive and manage rent payments, how do they track expenses for your property? If it's via excel... that's a red flag. They should have an online property management software portal for you to log into and check all the financials at any time. 

Hope this helps!