Did you know that there are almost 300,000 property management businesses in the US? This means that you've got plenty of choices when you're searching for help as a landlord.
Yet your selection is so vast that you might have a daunting feeling. How are you ever going to vet everyone, and how can you ensure that you're picking a quality professional?
Not to worry, as there are ways to narrow down your choices. Keep reading to see how you can choose the best property management company in Sarasota, FL.
Understand Your Goals
Before you start searching, you need to first understand your goals. Every landlord has their own wants and needs, and these companies understand that. This is why they have specific services, which can often be bundled into full-service property management.
Think about what you need help with, such as tenant screening or maintenance. Having a general picture of your goals will help you narrow down your options and make things less overwhelming.
Research Local Companies
Ideally, you should look at local companies in Sarasota. They'll understand the landlords here and what will attract and keep tenants in the area.
Start by asking for recommendations from local real estate agents. You can also check with the city's landlord associations. Then supplement with your own online searches.
Check Credentials and Licenses
Once you have a shortlist, you can dig further. One of the most important things you can do is check credentials and licenses, as these things will prove that the companies are legitimate and reputable.
Verify that the companies are licensed and compliant with Florida's real estate regulations. If they're members of professional organizations, such as the National Association of Residential Property Managers (NARPM), then this is a good sign too.
Read Reviews
Testimonials from previous clients can tell you a lot. You should only consider companies that have excellent overall ratings.
From there, read what people have to say. It's beneficial to filter by "most recent", and you should also see the best and worst reviews. You may discover dealbreakers for even the best property management companies.
To take it a step further, you can ask the companies for references from current or past clients. Contact them to get firsthand details about their experiences.
Interview Multiple Companies
Don't just go with the first place you like. To fully reap the benefits of property management services, you need to schedule interviews or meetings with the companies on your shortlist.
During these meetings, ask questions about their experience, services, fees, and communication processes. Take note of their professionalism and expertise when answering these questions.
Choose the Right Property Management Company for You
When you get help from the right property management company, your job will be like a dream. You can be completely hands-off and leave everything to the experts, who will ensure that your tenants are well taken care of.
So stop stressing out and let someone else manage your investment properties. It'll be worth going through the vetting process once you see the benefits.
Contact us now to see what PMI Sarasota can do for you. You'll benefit from our state-of-the-art technology.
