7 important factors when hiring a property management company in Moncton NB

  1. Determine your needs: Before you start looking for a property management company, it's important to understand what you need from them. Do you need someone to handle all aspects of property management, or are you looking for more limited services? Knowing what you need will help you narrow down your search and find a company that can meet your specific needs.

  2. Research potential companies: Once you know what you're looking for, start researching potential property management companies. Look for companies with a good reputation in the industry and a strong track record of success. You can also ask for recommendations from friends, colleagues, or other industry professionals.

  3. Consider the cost: Property management companies charge a variety of fees, including management fees, leasing fees, and maintenance fees. It's important to understand what these fees cover and how they compare to other companies. Make sure to ask about any additional fees or charges that may not be included in the initial quote.

  4. Check for licensing and insurance: Make sure the property management company you're considering is licensed and insured. This protects you and your property in the event of any legal issues or accidents.

  5. Look for transparency: Choose a property management company that is transparent about their policies and procedures. They should be willing to explain how they handle things like tenant screening, rent collection, and maintenance requests.

  6. Consider the size of the company: Property management companies come in all shapes and sizes. Larger companies may have more resources and experience, but they may also be less personalized and responsive. On the other hand, smaller companies may offer more individualized attention, but they may not have the same level of resources and experience. Consider the size of the company in relation to your needs.

  7. Meet with the company: Before making a decision, meet with the property management company to discuss your needs and ask any questions you may have. This will help you get a better sense of their capabilities and whether they would be a good fit for your property.

By considering these factors, you can find a rental property management company that will meet your needs and help you manage your rental property effectively.

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