The right hire always makes a difference. That’s why finding the best person to manage your property is crucial. Here’s a list of guidelines to help you:
1. Work with a licensed property manager
WISTV says licensed property managers have to ace a property management course and state licensing exam before they can have the license to operate. That means they have the education and training necessary to take on the job.
2. Check out their properties
When you’re hiring a property management company in the greater Las Vegas area, you want to make sure they’ve got the experience to get the job done right. So look over the properties they handle. If they manage properties like yours, then that’s a good indicator that they’ve got the right team on board.
3. Find out about their eviction rate
A property management company with a high eviction rate might not be too particular in screening rental candidates in order to sign up more tenants. That’s bad practice and could lead to a whole lot of trouble and expense later on such as overdue rents, tenants refusing to move and even tenants filing lawsuits. While you’ve got the best chance of winning a case in court, you still have to take the time to deal with the issue and that’s going to take a toll on your energy, finances and schedule. With stricter tenant screening, you won’t have to worry about any of these, though, so find the company that would properly manage your property right from the get-go.
4. Draft up a contract with a termination clause
Set down rules for ending the relationship. This will come in handy if things don’t work out between you and your property manager. Add it to your management contractor if you don’t already have it. It’s a protective measure your future self will be grateful for.
