If you are investing in Fort Myers real estate, you will likely need help managing the properties. Learn these 5 signs of a great property manager so you can be sure you are working with the company that is best for you.
Many investors like to be in control, handling everything themselves when it comes to their investment properties. But as your portfolio grows, it is inevitable that you will need some help managing it all. From the screening, to the repairs, to handling tenant’s needs, a great property manager is worth their weight in gold. Finding a property manager whom you can trust and who operates at your high standards can feel next to impossible. Below, we offer 5 characteristics of a great property manager and what you can do to go about finding them!
Strong Vendor Relationships
Your property manager will help to facilitate the needs of you, your property, and your tenants. They will need to work with a number of outside vendors to handle everything from repairs, cleaning, background checks, and marketing. A great property manager in Fort Myers will have long standing relationships with the top vendors in your area. These relationships typically take years to create and will serve as a true testament as to how the property manager does business. Your property manager should be able to pick up the phone, and immediately have some of the most talented professionals at their disposal who can help you solve your problem quickly without any doubts or hassles. You don’t want something to go wrong with one of your properties and have the wrong vendor sent out or have it take weeks for a suitable vendor to be found.
They Have Excellent Communication
A great property manager will possess elite communication skills, ensuring seamless interactions between all parties involved. Whether it’s responding to your inquiries, addressing tenant concerns, or coordinating with vendors, an exceptional property manager will prioritize prompt and effective communication. This means returning phone calls and emails swiftly and providing comprehensive updates that leave no room for ambiguity. Their ability to articulate issues, solutions, and updates in a clear and straightforward manner helps prevent misunderstandings and ensures that you are always aware of the property’s status and any potential challenges that may arise.
Moreover, a proficient property manager understands the importance of maintaining transparency and consistency in their communications. By establishing clear lines of communication, they foster a sense of trust and reliability among property owners, tenants, and service providers. This approach not only helps in resolving issues quickly but also enhances the overall management experience by ensuring that everyone is on the same page. In essence, a property manager who excels in communication creates an environment where information flows smoothly, contributing to the effective and efficient management of the property.
They Are Accountable
When it comes to managing properties, things may not always go according to plan. Unexpected issues can arise, ranging from maintenance problems to tenant disputes, and it can be easy to point the finger at vendors, agents, and even the property owner. However, a reliable property management company understands that accountability is crucial in these situations. Instead of deflecting blame, they should take immediate action to address and resolve any issues. This proactive approach not only demonstrates their competence and commitment but also reassures property owners that their investments are in good hands. Effective problem-solving and accountability are hallmarks of a management company that truly values its clients.
Furthermore, accountability in property management extends beyond resolving immediate issues. A trustworthy property management company must take responsibility for various critical aspects of property management, including financial oversight, marketing strategies, and tenant selection. They need to ensure that the property’s finances are managed efficiently, with transparent reporting and prudent budgeting. Additionally, their marketing efforts should be robust and strategic, aimed at attracting high-quality tenants who will respect the property and adhere to lease terms. By being accountable for these areas, a property management company can significantly enhance the property’s value and ensure a steady stream of rental income, ultimately providing peace of mind to the property owner. When a management company consistently steps up to the plate and handles these responsibilities with diligence and integrity, it builds a foundation of trust and reliability that is essential for long-term success in property management.
They Come Highly Referred
Looking for a great property manager in Fort Myers? The first thing you’ll want to do is ask around to see who some of your fellow investors are working with. Check with your colleagues and ask around when attending networking events. Find out who they are looking for along with what they like and don’t like about them. Other investors will be looking for the same things in a property manager that you are, and will help you to find the person most qualified to help you. Talking to other investors will also help you learn about who to avoid when looking for a property manager in Fort Myers.
They Are Proactive
A great property manager in Fort Myers isn’t just going to act as the go-between for you and your tenants. A property manager who specializes in working with real estate investors will be able to help you find ways to increase your ROI. They may suggest improvements to increase the value of your property or marketing strategies to attract more potential tenants.
They will also be proactive when they discover something wrong with the property – either with the construction or with who is living there. Taking action right away instead of waiting until something goes wrong can save you thousands. Whether it be is looked-over repairs or placing a tenant who winds up breaking the lease after only a few months. A proactive property manager will save you time and money, giving you the peace of mind to know that your property is in good hands.
When it comes to finding a great property manager in Fort Myers, don’t be afraid to screen a few and ask some questions. Get referrals and contact references to get a better idea of what they can offer you. We would love to help you find not only the best properties but also the best person to help manage them for you. Learn more about who we use and recommend!