In this video, Todd Ortscheid of Revolution Rental Management, formerly known as GTL Real Estate, talks about what you should look for in a property manager if you are considering hiring one for your rental properties.
While not all property managers are created equal, and certainly not one-size-fits-all, there are certain qualities that all landlords should be looking for in a property management company.
First off, you need to find a company that documents both a move-in and move-out because if there were to be any legal challenges that come up, the company will be able to prove that the tenants are being charged the correct amount in damages. Also, a good company will collect a security deposit, so that the owner has something to use for repairs, should they be necessary.
Second, an application with all the relevant details–social security number, date of birth or a driver’s license is important in case we need to go after a tenant to collect what they owe.
It is really important to find a reputable property management company that does what they should be doing, which is first and foremost, is to protect their clients. You should also check out the NARPM website, and check out what the other NARPM members are doing. These are what you should be looking out for when you want to hire a property management company, to make sure your properties will be well taken care of.
If you have further questions on property management or want to see all our available DaytonaBeachHomesForRent please don’t hesitate to call us. Thanks for watching!