Celtic Property Management helps you maintain your property and its value in the market while attracting potential tenants. A reliable property management company saves you money in the long run by taking care of initial property issues.
Finding a reliable management company that can efficiently handle the running and maintenance of your property is essential, not only for peace of mind but also to ensure the maximum market value. We take care of all the details so you can focus on your investment.
If you have further questions, feel free to call us for answers.
1. How much will it cost?
Make sure you know upfront how much it will cost. Regardless of the structure, all fees must be included in the contract.
2. What all does it include?
Prior to making a final decision, be sure you know exactly what it is the manager offers and determine if it meets your needs.
3. What property experience do they have?
Choose a company that has experience in managing properties similar to your own. Also, be sure to research how well their other properties are maintained.
4. Who will handle the property?
Find out who at the property management company will be assigned to handle the property full time.
5. Are there any hidden costs?
Some companies will charge an extra fee for items such as showings or evictions. Ask about this upfront to avoid any surprises down the road.
6. What is the process for fee collection?
Determine if you will be billed monthly or quarterly, and ask about direct deductions from your account.
7. What do they do for advertising / marketing?
Gain an understanding of how they promote properties and what costs are associated with it.
8. What are the estimates for preparing units?
Ask about typical cleaning fees and how long it will take to clean up a unit before it’s rented out again.
9. What procedures will require owner approval?
Determine an amount that the property management company can spend on repairs without having to get owner approval.
10. What are their hours of operation?
Find out what their business hours are on weekdays, weekends, and holidays. If no one is in the office, how would you or a tenant get a hold of them?
11. What do they do for their accounting system?
Inquire as to what reports they’ll send, how often and by what means. Make sure their software programs are compatible with yours, if they’ll be sending them electronically.
12. Can they provide references?
Ask the property management company for at least three references of other landlords / owners whom you can contact. Seek the opinions of those who have worked directly with the property management company with similar types of buildings.
13. Do they manage other properties?
Many property management professionals handle multiple properties for various landlords / owners at the same time. If this is the case, ensure that the buildings they manage are similar to yours. Ask how they plan to split the time between properties.