What questions should you ask when considering different property management companies?
The big question that I want to know is how are they making their money? Are they going to nickel and dime you for every little thing that they do, what is the value that the provide by managing your property?
That's a broad thing, but specific questions that I would ask are:
Do they charge lease renewal fees?
What is their fee structure? Do they only have one plan, or do they offer a variety of plans?
Are they a licensed brokerage, or are they only property managers? Do they have an incentive to add to your portfolio, or only to keep it?
What are their systems in place for screening tenants?
How spread out is the portfolio of properties that they currently manage?
Happy to answer any other questions that you might have!