Before choosing a Property Rental Management Company

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Questions to ask before choosing a Property Rental Management Company

52 due diligence questions.

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Viewings

  1. Do they only do viewings within a certain time frame?
  2. How many viewings does it typically take to get a unit rented?
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Reporting

  1. What kind of reporting do they deliver?
  2. Do they have IT systems where we can get live access?
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Coordination

  1. How do they get notified when a new Rental Unit becomes available?
  2. How do we avoid that we accidentally "forget" an unrented rental unit? What control systems are in place?

Pricing

  1. What is their price structure?
  2. Does the Agent receive a bonus for finding a Tennant?
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Marketing

  1. How do they generate leads from potential tenants?
  2. Can we generate leads as well? What are the practicalities involved with that?
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Agents

  1. What incentive does the Agent have for doing Viewings in odd hours?

  2. What is the agents background for doing this job?
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Tenants

  1. The potential Tenants that are viewing out Rental Units, do they get exposed to other units as well?
  2. Do they systematically registre the various reason potential tenants rejects a unit for us to use the feedback?
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Clients

  1. Who are their current clients today?
  2. Have they had any clients terminate their contracts? Why?

Other questions

  1. Where do they get text descriptions and picture materials from?
  2. How fully automated can this be made, in case we don't want any involvement?
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