Picking a property management company can make or break your success as an investment property owner. A good property management company will be able to give you exactly what you need based on your individual situation, and not every Poway property management company is made the same. If you need a property manager to manage your apartment complex, you’d likely not want to hire a property manager that specializes in vacation rentals, and vice versa. Here is everything you need to know about hiring Poway property management companies as you search for the perfect one.
Like we said before, you don’t want to hire a property management company that has no experience in managing the types of properties you need managed. Think about every specific detail about your property—from the size of it, whether or not it’s a commercial property, and whether or not you want long or short term renters to be renting your property. It’s important to find a property management company that can not only handle the type of property you own, but the size and clientele that you’re looking to cater to.
Property managers in California need to have real estate licenses in order to operate. Keep this in mind when searching for a property manager, because it can make or break whether or not a property manager is legally allowed to perform the task at hand. It may also come in handy for a property manager to have other qualifications and certifications depending on your situation—especially if the property is older and might require things like plumbing or electrical maintenance along with it.
That being said, you can’t expect any single property manager to be able to do everything from electric work to landscaping, so expect to have any property manager tell you that they’d outsource certain tasks. What you can expect, though, is for them to have a preferred list of services and people to get this done should the need come up. You don’t want to be surprised later on when your property manager needs you to help find a service or contractor.
Many property managers also manage other properties, and their type of property niche is going to determine whether or not they can handle much more of a workload. If a property manager specializes in single-family homes over entire apartment complexes, you can expect that they can handle one or two more clients than those that specialize in larger properties.
All in all, what it comes down to when choosing a Poway property manager is whether or not the property manager is equipped to handle your specific needs. Feel free to shop around and don’t be afraid to ask questions because your property manager will be the consumer-facing aspect of your investment property venture.