It is excellent that you have decided to hire a property manager! Now comes the task of determining which property manager you want to work with. Do not randomly choose a property manager based on price or ads.
You should research property managers local to your Santa Cruz property. Their proximity will help them with effective management. In addition to location, look for these four traits in your chosen property manager.
1. People Oriented
Successful property managers have people-oriented qualities to their personality. This means they have a focus on people's needs. They network and build relationships easily.
An okay property manager knows what makes a good tenant. An excellent property manager will know this and have a positive relationship with your tenants. This improves the tenant's experience and reduces the risk of issues arising.
These people skills also help a property manager form relationships with service contractors. Having a book of vendors ready ensures your rental property gets repaired and maintained.
2. Effective Communication Skills
You will depend on the property manager's communication to know the status of your property. Effective property managers will exhibit responsive and clear communication in the best method for you.
First, you will struggle with communication if you prefer phone calls and the manager's preferred method is email. Your preferred communication method is not compatible.
Second, responsive and timely communication is essential. If there is an emergency, your property manager needs to be available to respond and address it.
Third, your property manager must address the topic with clear, direct communication. That way, you can feel confident that you and the property manager are on the same page.
3. Market Experience
The Santa Cruz real estate market is now the country's most expensive place to rent. Experienced property managers will know of this development. They will also understand that the sky-high rental rates won't last forever.
A property management company with an extensive history will know how to manage a property through changing market conditions. This will ensure your rental maintains profitability through the years.
This includes having a deeper understanding of real estate appraisals, market conditions, and forecasting.
4. Organization Skills
One of the most essential property manager skills is organization. Property managers have a responsibility to manage several properties. They cannot do this without the ability to stay organized.
Ask the property manager what system they use to store documents, track tenant maintenance requests, and send performance reporting data. Many organized property managers use an online portal for all of these things. In addition, pay attention to how prepared they are when meeting with you about your property.
Interview Santa Cruz Property Managers
Owning rental property in Santa Cruz, CA, has significant income potential. However, you need the right property manager to ensure its success.
PMI Santa Cruz's property managers have the skills to help you manage your rental properties. From people and communication skills to market knowledge and organization, we understand how to make a rental property successful.
Schedule a consultation with our team of property managers to learn what they can do for your rental property.