Between maintenance requests, marketing vacant units, and collecting rent, how many balls are you currently juggling? You can't do it all, but that's okay! With help from a Jacksonville, FL property management company, you can find the support you need.
Turning your property over to someone else can feel daunting. Before you do, use these tips to find the best property manager in Jacksonville. With their help, you can thrive in today's real estate market!
Look for Local Experience
New property managers are entering the industry every year. The industry has grown by nearly 3% since 2021. Florida even has the third-most number of property management companies in the country, with 26,278.
Don't choose one of these newer businesses. A new, inexperienced team could make mistakes while managing your properties.
Instead, look for a team with years of local experience and knowledge of real estate trends. Make sure they understand the local market. Determine if they're up-to-date regarding federal, state, and municipal laws.
Their experience and expertise can help you make informed decisions regarding your properties. A team with relevant legal expertise can help you avoid compliance issues and fines.
Learn more about each company's processes. Ask how they streamline operations and ensure efficiency. Consider the tools and technology they use to support their clients.
Assess Services
Consider the problems you've faced in the past year. For example, maybe you struggle to schedule maintenance or collect rent. Look for property management companies that offer services that align with your needs.
Prioritize finding a full-service property management company. Their range of services can help with:
- Applicant screening
- Rental marketing
- Legal documentation
- Property inspections
- Rent collection
- Maintenance and repairs
- Accounting and reporting
Learn more about their processes for these services. For example, how do they ensure tenant screening reports are accurate? In recent years, many reports have included inaccurate information.
Check Reviews
Ask for referrals and check reviews online. Look for a property management company that already has a glowing reputation. Read reviews on multiple sites to gain varying insights and perspectives.
If the majority of a company's clients had a bad experience, you likely will as well. Look for comments about the company's responsiveness and professionalism. Choose a company that will prioritize your needs.
Ask for an Interview
As you narrow down your options, ask for an interview with at least three local companies. Prepare a list of questions you want to ask. For example:
- Are you licensed and insured?
- How long have you worked in the industry?
- Do you specialize in commercial or residential properties?
- What services do you offer?
- What are your fees?
Compare prices between three Jacksonville companies. Confirm none of the companies are overcharging. Ask if they offer a guarantee for their services.
Review your notes before making your final decision. Choose a company you can trust with your investment properties.
Find Your Property Management Company
Don't hire the first property management company you find. Instead, use these tips to choose an experienced, reliable team. Leveraging their expertise can help you succeed in a competitive real estate market.
Want to simplify your search? PMI River City has nearly 20 years of industry experience helping property owners maximize their earning potential.
We use state-of-the-art technology to help clients gain a competitive advantage. Contact us today to request our services.
