Top Questions to Ask When Hiring Apartment Property Management

by | Oct 24, 2013 | Real Estate

If you own an apartment building in the Lihue area, you may find a lot of benefits to hiring a company for property management. However, you need to know that not every company that offers apartment property management in Lihue will always have an owner’s best interest at heart.  This is why, when seeking out a company for apartment property management in Lihue, you should be sure to research and ask the right questions. Here are a few things to focus on before hiring:

What are Your Fees?

Asking about fees fairly early in the process can be helpful, as you want to make sure it is worth the time spent. After all, you probably won’t want to put in an effort or waste time on a company that you simply will not be able to afford. Generally fees will start anywhere between 5% and 10% but can certainly be more. Make sure to understand what services will be provided with these fees and be certain that what you are quoted or that the price structure is exactly what you will pay, without hidden fees. If a company tries to sneak hidden fees in, you probably don’t want to work with them.

What Type of Contract are You Looking For?

Another thing you should find out from the beginning is information about the contract. You should know how long the contract typically lasts and ask for a copy of that contract to look over. They should also offer some type of grace period to check their services without having to pay any type of penalty. It will be a good idea to have an attorney glance at the contract and ask questions if any arise.

How Do You Choose Tenants?

One of the most beneficial tasks that a property management company will do is to help find a high quality tenant. Before working with anyone, ask about the screening process for choosing tenants and ask what type of criteria is measured. This is important, as it will tell you if the property management company being considered has the same standards as you when it comes to tenants.

These are only a few questions, but they are very important ones. Ask these and others before signing with any company and see the benefits of using these companies come right to you.

RPM Island Pros is among one of the most highly regarded property management companies in the Lihue area. Call (808) 240-4750 to learn more on property management.

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