Questions to ask potential property managers

[Account Closed]

Greetings, 

What are some good pertinent/relevant questions to ask potential property management firms?

[Chris Clothier]

Originally posted by @Account Closed:

Greetings, 

What are some good pertinent/relevant questions to ask potential property management firms?

 Jason - 

As a property manager, here are the questions I advise investors to make sure they are asking before moving forward:

Are You an Investor?

How many investors do you work with?

How long have you been in the business?

What has been your biggest mistake as an investor?

Do you defer maintenance?

How many properties do you manage?

What is your average vacancy rate?

What is the cost of an average repair bill after move-out?

What are your management fees?

What is your average # of months occupancy?

What programs do you have in place to keep tenants happy?

Will you call me every month with an update on my portfolio?

This is just a short list, but it is a good start and you can usually get a good read on a company from this list.  Best of luck -

Chris