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5 Essential Tips For Hiring Property Management in Marietta GA

If you’re seeking a property management company in Marietta, GA, you have no shortage of options. However, trusting a stranger to manage one of your biggest investments can be a daunting task. Many property management companies offer roughly the same services at a range of prices, and the price doesn’t always reflect the value of services. A good property manager should be able to minimize expenses while saving the investor time and resources. Other than knowing the best restaurants around the Marietta Square, what questions can you ask to ensure a property manager has your best interest in mind?

1 – How Long Does Your Average Tenant Stay?

The answer to this question may be the most telling when it comes to gauging property management companies. Happy tenants generally renew their lease year after year. If tenants are moving out every year, that can be a sign of neglect or they feel their needs aren’t being met. Situations vary, but good landlords make every effort to respond quickly to maintenance requests and make tenants feel at home. Every day spent seeking new tenants, that’s a day you aren’t collecting rent.

2 – Do They Go the Extra Mile?

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Speaking of tenants, tenants are great at providing feedback, especially in public forums and particularly if they’ve had a bad experience. Let’s face it, Yelp is the soapbox of the digital world. A quick search on Yelp or Google+ should provide great insight into the company you’re considering. Keep in mind, a negative review shouldn’t be a deal-breaker. Look for signs that the company is engaged and actively trying to resolve bad experiences, and not just defending itself. At the end of the day, perception is reality, and a company that puts in the effort to fix problems, perceived or real, is a company I’d bet on.

3 – How Well Do They Know the Area?

You may not have kids in school, but believe me, your potential tenants do. Two identical houses in an area may be zoned for different schools, and that could have a big effect on the asking rent price. Quiz potential property managers on school zones and other factors that contribute to rates. They should be able to pull comps and give you a good idea of rates, even before seeing your property. Other factors include easy access to local amenities and transportation. We all know that Atlanta, and more specifically Marietta, has traffic congestion. If your property manager isn’t familiar with all of these factors, your property may be listed incorrectly and spend more time on the market.

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4 – Have They Built Up the Right Relationships?

It’s only a matter of time before your property will need some TLC. Repairs and maintenance should be carried out quickly and professionally. A good property manager will have ongoing relationships with trusted vendors. Even then, they should offer several quotes for any project. And, repairs should never be a source of revenue for the property management company. Ask the company if they charge fees on top of what their vendors charge. Unless the answer is “Never!” – you should look for another management company. Also, ask if their vendors are licensed and insured. This could save you from being on the hook for legal expenses.

5 – Are They The Cheapest In Your Area?

It would be lovely if everything in the world was free, but some good things do come at a cost. You should be very worried about how skilled your property manager is if they’re unable to command a respectable fee from their clients. You don’t want to go with the most expensive you can find, but at the same time, you should stay away from the cheapest too. A negotiated lower fee also means you might fall down the pecking order again if they’re getting more money from everyone else, so be careful if you decide to fight for a better deal. That’s not to say that the cheapest is necessarily poor quality, but you should ask them how they’re able to provide you property management services at below market cost before entering into a contract with them.

Don’t Forget These Are All Essential Questions

Before you begin looking into property management in Marietta GA, you should consider all the tips we’ve discussed. Once you’re able to answer all of the above points, you should feel more comfortable with your important decision of hiring a property manager. When you hire a property manager it allows you to enjoy life without worrying about your tenants. The only hard thing is finding the right partnership in the first place, but now your job will be much easier because of the information we’ve discussed.

24 replies
  1. Scott
    Scott says:

    I like that you suggest to ask how long does the average tenant stay. I can see why this would be a good indication of how that company treats and handles problems that come up. I am thinking about buying a town home and renting a couple rooms to some college students. Having a property management service would be nice so that I don’t have to worry about it too much. I’ll have to remember this question for when I am looking around.

    Reply
  2. Derek Mcdoogle
    Derek Mcdoogle says:

    In your article, you stated that it’s only a matter of time before your property will need some TLC and repairs and maintenance should be carried out quickly and professionally. I can imagine that managing all the duties that are associated with a rental property might be overwhelming. I wonder what types of tools most management companies use to find potential tenants.

    Reply
  3. John
    John says:

    I think the article makes a good point that you would want a property management company that knows the area well. It mentions that the asking price can depend on what commodities, schools, and other factors are near your property’s location. I know if I had rental properties, I would want a good management company that has a good idea of the area so as to get me the best price possible.

    Reply
  4. John Ferrell
    John Ferrell says:

    I like that you mentioned that property management should be carried out quickly and professionally. Maybe I should ask around to find a company that people trust. It might be a good idea for me to do research, too.

    Reply
  5. Troy Blackburn
    Troy Blackburn says:

    That’s a great point you make about how a good property manager will have ongoing relationships with trusted vendors and will be able to take care of repairs quickly. I’ve heard, too, that some property managers will make sure to visit the property at least once a week to do a thorough walk-through and inspection. I’ll have to keep this great information for when I own property in the future and need to choose a property manager to help with the upkeep.

    Reply
  6. Realty Management Associates
    Realty Management Associates says:

    Public forums are a good source of getting views from tenants but has got some pitfall.In this era of competition in business,it’s prone to scammers ,people out there to write negative views about a certain company so caution should be taken in evaluating the views from these forums.

    Reply
  7. Costello Realty & Management
    Costello Realty & Management says:

    It’s true – relationships do have high impact on the entire situation. The property manager should treat you nice and professionally, and on the other hand, he should keep his relationships with tenants at its finest.
    Very informative article, keep up the good work.

    Reply
  8. Alex Dean
    Alex Dean says:

    Hypothetically, I am the landlord of a complex and am in need of some assistance with my property. A suggestion came to me that I should consider hiring a property manager to come help me out. This is something that I am really interested in doing, but I would like to have some ideas of what I should be looking for in one. I like how you said that it is good to ask them how well they know the area, which is great to know since they will be the ones showing tenants the property and they will have questions about it. People like to know what kind of things surround the place they are looking to live, and they hope the people they are asking have the answers. This is something that I will keep in mind when I start interviewing for managers. Thanks for the help!

    Reply
    • Shawn Whaley
      Shawn Whaley says:

      Absolutely! I can always tell how interested a prospective tenant is by the questions they ask. If they’re really considering the property, they usually want to know a good deal about the area, the schools (if they have children), the community, and especially traffic! Thanks for your comment!

      Reply
  9. Kyle Winters
    Kyle Winters says:

    Not a lot of people think about it, but the right relationships really can make or break a property management company. After all, those who reach out and make partnerships with other businesses can really help your property. For example, they may be able to get discounts at local carpet cleaning services for properties they run.

    Reply
  10. Finley Moreira
    Finley Moreira says:

    Your tip to consider how well a property management company knows the area was quite interesting. I like how you point out that a property manager needs to know the area so they can attract tenants looking for specific amenities the area has to offer. I feel like this could have a direct influence on tenant turnover rates. If a tenant gets what they’re looking for location-wise, they’d be more likely to stay in your property.

    Reply
  11. Marcus Coons
    Marcus Coons says:

    I agree with you in that you can always look at online reviews when looking for a good property manager. It makes sense that taking the time to do a research can help you narrow down your lists and find a reputable manager to care for your property. Personally, I would want to make sure I take the time to check with the BBB and look for rankings for the company I am considering in order to find the best I can.

    Reply
  12. Jessica Laurent
    Jessica Laurent says:

    Exactly! A good property management company can address your issues quickly and benefit you in a long run. One should hire a trustworthy company, these companies know how to build strong relationships with their clients based upon trust. You highlighted significant points. Thanks!

    Reply
  13. Emma Gray
    Emma Gray says:

    The best way to find a reputable property manager is by referral. Who sold you your home? Does your real estate agent know any good property managers? Do you have friends with investments in the same area?

    Reply
  14. Ashley Turns
    Ashley Turns says:

    Thank you for mentioning that a great property management service will have great relationships with repairmen. My husband and I have decided to hire someone to help us with our rental since we just had a baby. I’ll be sure to tell him that we want to find a property management service that also won’t charge us on top of what any repair company would charge us for the maintenance itself.

    Reply
  15. Patrick Freeze
    Patrick Freeze says:

    These are all great things to ask of any property management company you are considering hiring, regardless of where your property is located. I especially appreciate you recommending that property owners ask how long tenants typically stay in the properties they manage. High turnover rates can indicate a lack of customer service which is terrible for your rental property business. I would love to add that asking how they will advertise your vacant property be asked during your initial conversation with a prospective property manager. Having the right resources and dedication to getting your property leased is important for low vacancy rates and increased positive cash flow. Thanks again for sharing!

    Reply
  16. Kyle Wayne
    Kyle Wayne says:

    I like your point about if they go the extra mile. My sister is really picky and wants things done right. She is also looking to hire a property management service. I’ll be sure to talk to her about finding a company that will go the extra mile and satisfies her.

    Reply
  17. Ellie Davis
    Ellie Davis says:

    I absolutely love the tip about not choosing the cheapest option available. It’s amazing to me how many people fail to realize that super cheap options are generally cheap for a reason, and it normally isn’t a good reason. I am looking for a property management company to help manage the rental of my condo, and I’ll definitely be using these tips in my search, but I’ll specifically be keeping that tip in my mind.

    Reply

Trackbacks & Pingbacks

  1. […] Property management in Marietta GA and other suburbs of big towns in Georgia has recently attracted more stakeholders because they believe 2016 will be an excellent year for Georgia real estate. Many property managers in the region believe that Jonathan Smoke, Chief Economist with Realtor.com was correct when he predict real estate growth in Georgia and North Atlanta as the fifth best real estate market nationally in 2016 (http://www.atlantaintownpaper.com/2016/01/home-trends-realtors-make-predictions-for-2016-market/). In order to have a better understanding of Georgia real estate market, the following are highlights on how expert believe different factors will affect real estate market trends. […]

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