Finding the right Atlanta property manager for your rental houses is really not that difficult. Sure, lots of folks have had negative experiences with property managers, but that doesn’t mean you have to be one of them. Doing your homework and following the simple steps we’re outlining below will help you find the right property manager at the right price for your Atlanta real estate…or for anywhere else, for that matter.
Step 1: Define the Scope of Your Atlanta Property Manager
Before you even pick up the phone and talk with someone, you need to figure out exactly what you want your property manager to do. There are always a range of services your Atlanta property manger can offer. He/she can do everything from find tenants to collect the rent to handle legal disputes for you. The more work they do, in general, the more it’s going to cost you, so make a list of the tasks you would like to put on their shoulders and get off yours.
Step 2: Research Your Atlanta Property Manager
The next step is to do some basic research. You can start with their website…if they have one. Next, call them and ask what they do and how much it’s going to cost you. Finally, you might want to talk with other investors they have worked for in the past.
Step 3: Interview Your Prospective Property Manager
Before you actually sign on the bottom line, go see your prospective property manager. Have a list of pre-prepared questions ready to ask them. Also, just see if you like them. Are these the kind of people you want to be working with on a long-term basis? The goal is to find someone who can manager your Atlanta real estate for the next several years, not just next few months.
Step 4: So…How Much?
Oddly enough, the question about how much your Atlanta property manager’s services are going to cost should not be your first question, but your last. That’s because you don’t want to make this decision based on price alone. Do that and you’ll end up with the low cost provider simply because they’re…well…low cost. The old adage about getting what you pay for applies to Atlanta property managers just as well as it applies to anything else.
Step 5: Sign on the Dotted Line
As in all things that have to do with substantial amounts of money, make sure you don’t just do business on a handshake. You’re going to need a contract that spells out exactly how much you’re being charged for the services, and when and how you’re supposed to pay.
To Learn more about how to find a great Atlanta property manager, take a look at this video.