If you’re planning on working with a Silicon Valley property management company, there are a few things you should know. One of those things is how to choose the most appropriate team for the job. You can make sure to pick the best team for your unique needs by knowing what to look for. Below, you can take a peek at some of the top traits of a winning property management team.
Why is the decision so important?
All property management teams are not created equal. Some offer an extensive list of services, and can tackle any problem that comes their way. Meanwhile, other teams throw all the major problems back into your lap. You end up dealing with every little detail, and you shouldn’t have to. The whole purpose of a property management service is to take care of all your property’s needs. So, why should you be stuck with the problems you wanted to avoid in the first place?
A good Silicon Valley property management team comes with years of experience. They’ve done it all; they’ve seen it all, and they won’t come to you with every little issue. Instead, they will handle any problems with grace and skill. They know how to keep your tenants happy and your property in great condition. A firm grasp of the law gives them the expertise to keep you clear from legal troubles, which can save you from potential lawsuits.
What makes for a good property management team?
There are a few signs of a good management team. If you can find one that has most, or all, of these traits, you may have found the perfect fit. Here are a few things that you should look for:
- Lots of Great Reviews
Seeking out reviews of others’ experiences is one of the best ways to judge a property management company. The only way to hear about a client’s personal experience is to ask for testimonials, or look for them online.
You can start by asking friends and family members if they have heard of a certain company. Even if they haven’t worked with the company you’re interested in, they may know of someone who has. Find out what people have to say about it. If the experience was positive, it’s a great sign. If it was negative, you may want to rethink your choice.
In any case, it’s important to remember than one review isn’t a good way to judge a company. You should try to hear about the experiences of several clients to get a better idea of how the company does business.
Depending on who you know, you may not find any in-person referrals for a company. That’s when the Internet comes into play. Look at a company’s Facebook page to find recent reviews. Take note of the average rating and read the details of several reviews. You should be able to get a good idea about the company based on the reviews.
- A Good Portfolio of Current Clients
When you’re looking at Silicon Valley property management teams, you should search for one that is currently working with several properties. You can usually find out about their current projects through their website or their vacancy listings.
A good portfolio doesn’t necessarily mean a high volume of clients. There are a few important details to consider. The property management company you choose should have experience working for the type of property you own. Someone who just manages houses may not be the best choice for you if you own a different type of unit. Look at all the properties they manage and consider whether they only specialize in one type, or if they do it all. An experienced team may be able to handle a diverse range of properties.
If you can’t find information about any of the details, you can always directly ask the company. They should be willing to answer your questions and go into detail about the specifics. It’s very important to interview your potential management team. Doing so will give you the opportunity to ask about their current projects. You can ask them to elaborate on the details. Find out how many evictions they have going on right now, and how long their vacancies usually last. An experienced company shouldn’t have a hard time answering your questions. They should know the answers or have the ability to find them with ease.
- A Team Built Upon Trust
You don’t want to have to babysit your property manager. The whole reason you hire one is to give yourself less responsibility. When you’re on the search for a property manager, look for someone who you can trust. While this might not sound easy, it’s as simple as trusting your gut and doing your research. When you meet with someone from the company, make sure they make you feel at ease. They should be both professional and friendly.
Another way you can find someone you trust is to do some extra research on the company. Check out their ratings through the Better Business Bureau, and find out how many complaints they have. A company with very few (or no) complaints may earn some of your trust.
How Can Your Experienced Silicon Valley Property Management Team Help You?
With an experienced property management team, you can make revenue off your property with minimal effort. They take care of all the important details of property management that could cause you trouble. You don’t need to spend hours a day trying to find someone to occupy your vacancy. And you don’t need to worry about the best way to screen your tenant. Your property can be out of sight and out of mind.
An experienced team knows how to fill your vacancies quickly. They know the best places to advertise and the most effective ways to implement a campaign. There are a lot of important details involved in marketing, and good property management knows what those details are. They also know how to screen your tenant and how to keep your property looking its best.
If you’re in the market for an experienced Silicon Valley property management team, look no further. Our team can help you get the most from your property. Contact us for more information.