What Nashville Rental Investors Should Look for in a Property Management Company | It’s More Than What’s in the Contract
Property management is a relationship business, and you need to feel comfortable with the management company you choose for your properties. Most property management contracts are pages full of legalese, so it’s hard to understand what you’re really getting when you hire a company. Get to know how a company operates before you hire them, and make sure you share the same vision for your investment.
Interviewing Property Managers
The interview process should be a two-way street. You have the opportunity to ask the property manager about their services and business operations, and they can ask you about the things that are most important to you. It’s vital to be clear and forthcoming about your needs and expectations. The interview is an ideal way to determine whether you’re a good match for the company you’re talking to, and whether they are a good match for you.
Property Management is More than Fees
Understanding the cost of professional management is important, but solving your problems is even more important. We want to hear about your pain points and understand what is preventing you from having the most successful and profitable investment possible. When you meet with a management company, you shouldn’t feel like they are selling you something. You should feel like you’re getting answers to your questions.
Communication and Trust
Make sure you understand a property manager’s method of communication. Ask about reporting requirements and transparency. How will you know what’s really going on at your property? You need to be able to trust your property manager, and you cannot trust them if they’re not willing to hear your needs and concerns.
When you’re choosing a property management company, dig as deep as you can. Spend time getting to know them and how they do business. You’ll learn a lot more than you would by reading an indecipherable management contract.
We’d love to tell you more about how we work, and we’d love to hear more about your property and your investment goals. Please contact us at Omni Property Management.