How Can Property Owners Improve the Quality of Their Management Team?
Buying, selling, or renting out property can become hectic, especially when you are dealing with many tenants or managers at once. The best way to avoid countless headaches is by hiring property managers. However, you want to be sure you are hiring qualified managers or else your management team can actually cause more problems. At Occupancy Solutions, we offer property management training so that you can improve the quality of your management team.
As a property owner, you want experienced managers who can effectively handle any issue that arises. Managers should have a large pool of clients, contractors, and legal consultants. If your management team doesn’t have the right connections, then you want to ensure they network and give them a few referrals. This way, any time legal issue arises or you need a contractor, your team can consult with another professional quickly and resolve the issue immediately.
Keeping tenants happy is important to maintain them as long-term tenants. Your management team will have much to do with this relationship. First, when choosing the tenants, you should have a list of your own strict criteria that managers must follow. This way, managers can identify quality tenants that meet your standards. Managers should conduct background checks and run credit scores as well. After choosing the tenants, you should ensure that managers are in open communication with the tenants. If there is ever a problem with conditions in the home, managers should be responsive and repair damages to ensure tenants are able to live in the home. Managers should have constant communication between the maintenance team as well to make the residents feel comfortable and to show everyone is working together for the tenants benefit.
Since communication is critical in relationships, you also want to have open communication with your management team. You will need to inform the team of what types of concerns you want them to address with you right away or if some problems can wait. When it comes to tenants paying rent on time, you want to be sure your management team establishes an efficient rent collection process so no one is chasing down rent each month.
When you hire property managers, you are taking a great risk by entrusting them with all your information and property. However, with the proper training, your team can increase the revenue and attract high-quality residents. Contact Occupancy Solutions, LLC today to learn how we can improve the management of your rental properties!