Choosing a property management company is an important part of your investment success. You want to work with a property manager who understands your goals and your needs as well as the unique needs of your rental property. Today, we’re sharing some things you should look for when you’re finding a Sacramento property management company.
Property Management and Property Type
You want a property manager who has experience working with properties like yours. Multi-family and single-family homes require different types of management. Every one of our California property managers does hold a license to sell real estate if we want to. But, instead of looking for a real estate agent, look for a property management company that understands your home and can help you execute effective rental management.
Transparency and Property Managers
Transparency is a big thing. Property managers and owners should always be 100 percent transparent with each other. You don’t want upcharges or invoices and statements that don’t make sense. Owners don’t want to see hidden fees or surprises. Communication is important in a property manager.
Legal Knowledge and Expertise
You also always want to make sure the different property managers that you are considering are all up to date on the current local, state, and federal laws. That will protect you from liability and lawsuits.
At Sacramento Delta Property Management, many of our team members hold board positions with our local NARPM chapter. This puts us in an excellent position for staying up to date on the current legislation. We know a little bit more than those around us.
With a position as the education chair on the board, we can collect and share all the available information regarding laws that have an impact on how we do our job for our clients. We also get to educate others on property management and the industry’s best practices. When you’re looking for a property management company, make sure they’re involved in NARPM and make sure they understand the laws.
These requirements change on an annual basis. A couple years ago, smoke detectors were required in all the bedrooms and the year before that we had carbon monoxide detectors required in the hallways. Now, we have to be careful not to use mini blinds with strings. There are constant changes within the market, and property managers who deal with that on a regular basis are always going to be in the know. So being up to date on education and actually having an agent that looks into your best interests as far as longevity for your property and the legal rights of their tenants is really important.
We always start the rental process by giving the owners and the tenants a document that informs them of what their rights are.
Check the Rental Agreement
When choosing a property management company, you also want to make sure that they have a flawless rental agreement. This is especially important if you already have a tenant in place and you are just choosing a property manager to take over. Update your rental agreement because there are new clauses that get added yearly.
Look for a Certified Residential Management Company, or a CRMC. Property managers who gain this certification have to go through audits and complete extra training to be given that distinction. It is a highly coveted honor and there are only a handful across the country who have this. We’re proud to be one of those companies.
Education is important with our team. You need to look for a property manager who never stops learning.
If you’d like more information about choosing a property manager, please contact us at Sacramento Delta Property Management.
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