Jun 24, 2013

Posted by in Real Estate | Comments Off on Know the Capabilities of Your Lombard Property Management Company

Know the Capabilities of Your Lombard Property Management Company

When you are in over your head trying to manage real estate investments on your own, you will probably be eager to hire a property management company Lombard fast.  However, you do not want to jump the gun too quickly.  It is important to thoroughly evaluate every company you are considering, so you do not waste time and money in the long run.  It may take a few weeks to find the right company for your needs, but it will be well worth the effort if you can take the extra time to find a company that will go above and beyond the call of duty when they are entrusted with the responsibility of managing your properties.  There are a few vital things you need to explore before settling on any particular company.

Duty Capabilities & Experience

Some real estate management companies focus on management only, while others focus on both sales and management duties.  You will need to decide if you want a full-service company or simple management services.  Never assume that any company does both.  Make them give you a list of the services they provide, and always make sure all agreements are in a written contract.  You should also make sure they have the experience needed to handle your situation.  If you have hundreds of properties, then you need a company that has the resources to care for all of your needs.  Longevity usually equates to stability and experience, so try to find a company that has been in the area long-term for the best results.  Always check to see what their ratio is between number of properties and rental managers as well, so you can get the assurance you need that they have enough staff members to meet your demands.

Versatility in Property Types

If you are an investor who is serious about building your real estate portfolio over the long-term course of things, then you need a property management company that has great versatility in being able to manage all types of properties.  Even if you only own single dwelling homes, you many decide to branch out into owning apartments or commercial real estate in the future.  It is much easier to find a company that can handle it all up front than it is to change management companies whenever you add a new property to your portfolio.  Ask what types of properties they handle, and ask them for references before you seal the deal on hiring them to manage your properties.

RPM DuPage County serves Lombard, Illinois and nearby areas. It is North America’s fastest-growing property management company.  Contact them today at (630) 427-2200 or visit Dupage.realpropertymgt.com for more info.

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