San Jose, California (PRWEB) March 24, 2014
After another 3 AM tenant emergency or another missed rent payment, it's all too easy for the stress of managing a property in San Jose to build into grey hairs and heartburn. While renting a property is supposed to be a passive income, it can quickly turn into a full-time job – and not an easy one. That's why people turn to property managers. However, not all property managers are created equally. To help, A to B Property Management has put together a list of questions to ask and things to look for in a prospective property management company.
Rent Collection
When hiring a property manager, check to see if they have a series of systems in place to collect rent in a timely fashion and prevent any cash flow issues from cropping up. Some landlords – particularly newer ones – have a tough time collecting rent. Tenants may promise that the check is in the mail, or that they're just waiting to be paid. Landlords, particularly if they have an emotional attachment to the tenant, may not be assertive enough. This results in cash flow issues for the landlord.
Marketing Your Property
Ask prospective property managers about their marketing practices. One of the worst problems a landlord can deal with is having one or more of their properties lie vacant for an extended period of time. A quality property manager should know not only how to market your property, but also how to properly interview tenants and conduct background checks to ensure that when you do rent it out, you're renting to the right people.
Tenant Management
Inquire as to what type of tenant management policy the business follows. When you're dealing with San Jose property management rentals, it's important to find someone who not only manages the property, but manages the tenants as well. Property management companies should have a strict code of conduct in place for their team and their tenants. By adhering to this code of conduct, they keep the lines of communication open and are able to help both tenants and property owners fill their needs properly.
Ensuring Compliance with California Law
Consider the level of experience the property management company has, particularly when it comes to legal issues. Newer property management companies may struggle, as rental laws differ – sometimes widely – from state to state. For property owners residing in another state, it can be difficult to know what exactly your rights are, and what are the rights of your tenants. Your property management team must have a deep understanding of San Jose's rental laws. This knowledge prevents any legal misfirings that may occur, reducing the problems property owners may face.
Free Time for Property Owners
Decide how hands-on you want the property management company to be. Do you want them to handle every aspect of property management, or do you want them to only worry about collecting rent? The more rental properties you own, the less free time you have. Properties filled with tenants require upkeep, vacant properties need to be marketed, and financial spreadsheets need to be balanced. Though renting out property is considered passive income, those who've done it know it is anything but passive.
By considering all of the above when making your decision, you're sure to end up with the best property management company for your needs.
About A to B Property Management
Bob Nastasi began his career in California in 1985, and worked as a real estate agent and loan agent before founding A to B Realty and Property Management in August of '94. While most businesses falter a handful of years after inception, Nastasi credits his team of experts and their commitment to clients for ensuring A to B stuck around. The company will be celebrating its 20th anniversary this summer. Over the past two decades of property management in San Jose, A to B has dealt with nearly every conceivable issue, giving the company the experience to handle any problem thrown their way.