19 good background questions for a Property Management Company
Are you in the process of selecting a Property Management Company? The time you take doing due diligence can help you avoid financial losses. If it's an unknown area that you don't have much experience with, it can be difficult to imagine all the questions to ask. Below are 19 good questions to ask for this situation before choosing a Property Management Company
Company background questions
- Can they provide examples of the monthly, quarterly, or yearly reports they generate for their clients?
- How many clients and how many units do the property management company currently manage?
- How long have they been in business?
- What differentiates them from other Property Management companies?
- Are they financially stable?
- How many people do they employ?
- What is their reputation?
- What type and size of real estate investors do they typically have as clients?
- What do they do to keep them and their staff up-to-date and educated?
- Are they insured?
- Do they have the required licenses to run their business?
- Are they part of any industry associations or other professional organizations?
- What are the experience and qualifications of their staff?
- What kind of properties do they not have experience managing?
- What elements of their work do they outsource?
- Are they part of a franchise or privately owned?
- Can they give you a few references?
- Where are they located, and what geographic area do they cover?
- Will they continue to be in business for years to come?
If you need more inspiration for relevant questions to ask before choosing a Property Management Company you will benefit from reading the 127 questions to ask before choosing a property management company checklist.
