Did you know that when the town of Bedford was incorporated, the population was only 475? That was in the 1950s, so in less than 100 years, the population has exploded!
Now there are tens of thousands of people in Bedford, many of whom are renters. If you have a property that you no longer live in, it might be time to put it up for rent to make some money.
A property management company makes renting out your property easy, but how do you find the right company to go with? Read on for our top tips.
1. Use Reviews and Recommendations
Reviews and recommendations are always a great place to start.
If you know other people personally who own and rent out properties, use them as a resource. Ask if they use property management services. Not everyone employs the help of property managers, but even if your personal connections don't, they may know people who do.
Real-life recommendations are always more reliable than reviews, so when they're available, take advantage of them.
You can also look for online reviews and testimonials. Many people who use property management companies will write about their positive and negative experiences online.
You can also ask companies for references. References are people who can vouch for the company's good work. Don't be afraid to ask for them.
2. Check Available Services
Most full-service property management companies offer the same services, but it never hurts to ask to make sure that this specific property management company offers what you need.
The company likely handles things like tenant placement, tenant communication, marketing, and more. Many of these companies can and will network with maintenance companies or have in-house maintenance professionals to take care of issues around the property.
You should ask if they have a tenant portal or any other helpful technology for landlords and tenants. In 2023, tenants want the convenience of online payments and requests.
3. Evaluate the Contract
When you've had a chat with a property management company and decided that they seem like a good fit for you, take a look at the contract they want you to sign.
Make sure you're comfortable with all of the terms and that the cost is acceptable to you. It may even be helpful to have a lawyer go over it if you have one available.
4. Consider Communication Style
Make sure the property management company is respectful and kind when you communicate with them. Are they quick to respond? Do they answer your questions clearly?
Remember, you're not the only person who will be communicating with them. Your tenants will as well, and you want them to have a good experience with your property.
Is It Time to Hire a Property Management Company?
With these tips in mind, are you ready to start your search for the ideal property management company for you? As long as a company has people to vouch for it, a contract that works for you, excellent services, and great communication, you shouldn't have anything to worry about.
If you're looking for a property management company in Bedford, Texas, we've got you covered. Contact us for a free rental analysis today.