Posted July 9, 2023
Discover tips and tricks for finding the perfect property management company for your Niagara rentals. Learn what to look for and the right questions to ask
Owning rental properties in Niagara can be a lucrative investment. However, with the day-to-day responsibilities that come with property management, it can often feel like a full-time job. That's where a Niagara-based property management company comes in. But how do you choose the right one for your rentals? Here are some expert tips to guide you through the process.
Check Google Reviews
Online reviews can offer a wealth of information about a property management company's reputation. Look specifically for reviews from other landlords in the Niagara region. Are there consistent positive comments about responsiveness and professionalism? Keep in mind, pleasing everyone all the time is nearly impossible, so a few negative reviews shouldn't necessarily be a deal-breaker.
Evaluate Their Portfolio
Take a close look at the company's current vacancies, specifically in the Niagara area. The number of properties they manage can give you a good idea of their size and capacity. If you own multiple units, a company with few listings may not have the necessary resources to manage your portfolio effectively. Conversely, if you have a single property, a company with dozens of vacancies might be too large and impersonal.
Consider Their Geographic Focus
Does the company focus on one city, or do they manage properties across multiple regions? A company specializing in the Niagara region may provide more personalized service than one covering a wider area.
Test Their Leasing Process
Try playing the role of a prospective tenant. Contact the company about one of their Niagara vacancies and evaluate their responsiveness. If possible, book a viewing and assess how they handle the process. The state of the property, the punctuality of the viewing agent, and the thoroughness of their questions can offer valuable insights into how they'd manage your property.
In conclusion, finding and hiring a Niagara-based property management company requires a bit of detective work. But the payoff – having a competent, professional team looking after your Niagara investment – is well worth the effort.