Good vs. Bad Olympia Property Management: What to Watch out For

In today’s blog, we are sharing some information with you about how to find a good property manager. There are a number of tips you can use when you are searching for a good management company.

Make sure you hire a licensed Realtor. You want to work with someone who has a lot of expertise and has been in the business for a while. Many Realtors out there are perhaps strong sales agents and now they’ve decided they want to do property management too. But they might not have the experience they need to provide you with the best service. Look for a property manager who belongs to the National Association of Residential Property Managers (NARPM).  NARPM provides a number of valuable resources to property managers and maintains a high standard of ethics.

Check the schedule of fees you’ll be charged. There are some companies that will charge you extra for every little thing they do for you. Look for hidden fees so you know what the complete costs are up front.

Another thing to ask a property management company about is their vacancy rate. The vacancy rate can really hurt your bottom line. Find out how long homes are typically vacant and what you can expect in getting your home rented quickly.

You also want to look for a low team to property ratio. This means making sure that the number of team members corresponds to the number of properties they manage. You don’t want a property management team taking care of too many houses; otherwise your property might not get the

attention and care that it needs.

Choosing a property management company is something you need to take seriously, and it’s not hard to separate the good companies from the bad companies. If you have any questions, or you need any help finding a good management company, please contact us at Capital Properties, and we’d be happy to help you.