This week’s question is, “How do you know if Management Company’s any good?
Well, the answer to that question can be very long. There is series of questions that you wanna be asking them but what you wanna do is you wanna try to x-ray them because everybody is gonna have a hail over the head when you asking them questions everybody’s gonna tell you that they are the best but you wanna ask questions that have double meanings. For instance I always ask,”hey! How many properties do you own that are like mine in my area and the area that you’re gonna be manager?” and the management company thinks that you are asking that question because you wanna know if they are experienced managing those types of properties and they’ll tell you how many they own. That’s not why you’re asking that question. You’re asking that question because you wanna know if they own properties like yours in that area and you both need tenants and they screen the tenants Who do you think gets the good tenants and who do you think get the bad ones? Coz I gotta get the good ones. So we never hire management companies that own properties in our area, only management companies that manage properties in our area. Hey you got a question? Put it down on the blog section below. I might just answer it next week