Being an investor in an income-producing property requires more than just choosing the right property if you want to achieve the best return on your investment. It also involves a diligent eye on keeping that property in good condition so that you can command the best rental rates, attract the best tenants, and avoid costly repairs. As is the case with most projects, having a proficient and experienced team for support is going to advance that goal. Managing your property yourself might not be in your best interest, but you should take care to hire the best property management company if you are going to outsource. Here are some tips for choosing a property management company:
- Do they keep their promises? It is great to say that they’ll handle all the things you might need them to do as your property management company, but will they come through for you when you need them? Don’t hesitate to talk to other people who utilize their services to find out how well the property manager scores in this regard.
- Are they transparent about their fees? A low bid at the onset could prove to be less favourable when you find out that certain tasks you need done come with hidden fees that weren’t disclosed to you at the beginning. A property management company that is more than willing to go over what is included and what additional fees there might be is going to be your best bet.
- Can they handle the big stuff? What happens when you need renovations, cleaning, electrical maintenance, or other big tasks completed? Choose a property management company that is equipped and ready to address anything that you need done.
At Property Valet, we believe we are an excellent choice when you need a property management company in Collingwood and The Blue Mountains, Ontario area. We have the integrity, transparency, dedication, and love of community that we believe sets us apart. We are a turnkey rental property management company with unbeatable rates and no hidden fees. Reach out today to learn more.