What to Ask of a Tampa Bay Property Management Company
If you own a rentals in Tampa, Florida and you wish to have less stress and time in managing it, you need to get the services of a Tampa Bay property management company. Before you hire one though, you need to ask the proper questions so that you will get the right company.
The first question to ask of the company is their contact information such as their address, telephone number, cell phone number and email address because you will want to know how to reach them if a problem occurs. Knowing how to reach them shall save you time and allow you to get on with your busy life. It is imperative to have different ways of reaching your property manager.
Know if the property management company you hire shall address issues on repairs. Ask them if you shall pay for such repairs or if this is included in your contract with them. Inquire if they will get the services of an external company to maintain the property and how much they shall pay for it. Know the type of repairs that you shall be responsible for. Also be aware of the cash reserve they need to cover expenses for repairs.
You should also ask if they handle yard maintenance such as shoveling snow, raking leaves and mowing the lawn. Companies that do such requests are good because your property will look nicer and cleaner to prospective tenants. Ask if you will be the one to hire additional help for yard maintenance.
Ask if there is a contract between you and the Tampa Bay property management company and its length. If you do not agree to certain things, know how difficult it would be to terminate the contract. Know if there is an early termination fee of the said contract.
Inquire if there is a vacancy fee as there are some property managers that impose this. It covers advertising costs, time in showing interested tenants the property and other fees which are related to filling the vacancy. Know the amount of such a fee and the company’s manner of billing.
Ask the effectiveness of the Tampa Bay property management at filling vacancies. Know their methods of promoting your property. Check if they have a website filled with good pictures of properties they manage. Inquire if they promote through local classified ads as well as free online rental listings. Ask the number of vacant properties they are managing.
When you hire a Tampa Bay property management company, your property will have good tenants immediately.