As of the last available data, over 40% of people in Reno rent. That's a lot of people who need rental homes! If you have a spare property collecting dust, it might be time to turn it into a rental property.
Being a landlord can be time-consuming, however. You're going to want to work with a property management company to make it easier. How can you find the right one for you?
Let's talk about it. Read on for our tips for finding a great Reno property management company.
1. Look for Reviews and Recommendations
Turning to reviews and recommendations is a smart move when your search for a property management company begins.
If you know other landlords, tap into their resources as well. Ask if they're using property management services. Even if they aren't personally using one, they might know others who are. They can point you in the right direction.
Recommendations from real-life experiences carry more weight than reviews. Take advantage of them if they're available.
Also, explore online reviews and testimonials. People often share their positive and negative encounters with property management companies online. Look for companies with plenty of happy customers.
Don't hesitate to request references from the companies themselves. References serve as endorsements of a company. It's perfectly okay to ask for them.
2. Assess Available Services
While most full-service property management companies offer similar services, it's a good practice to double-check that the specific company you're considering provides the services you need.
Typically, these companies handle tasks like tenant screening and placement, communication with tenants, marketing, rent collection, and more. They may handle maintenance as well, among other things.
Inquire about their tenant portal or any technology they offer landlords and tenants. In today's digital age, tenants often expect convenient online payment options and maintenance requests as the default. A good property management company should be able to provide them.
3. Evaluate Their Communication Approach
Assess the property management company's communication style. Are they courteous and prompt in their responses? Do they address all of your concerns and questions in a clear and concise way?
You want to choose a company with representatives that are easy to communicate with. This is a business relationship, so communication is important.
When you use a property management company, you won't be the only person dealing with them. They'll be the main point of contact for your tenants as well. If you want happy tenants, you need a communicative property management company.
Ready to Partner With a Property Management Company?
It's time for you to find property management in Reno. Are you ready?
Keep these tips in mind and you should have no trouble finding the perfect property management company for you. Turn your property into almost-passive income!
Are you looking for a property management company in Reno, Nevada? Contact us today for a free rental analysis so you can see just how profitable this venture could be.
