How to find the best property management company?
If you’re thinking of hiring a property management company and you’re not sure what’s the best one for you, here are some of the things you should be looking for.
There’s someone out there for everyone. Just as you won’t get along with everyone, not every property management company is a good fit for you. Although there are some good indicators of a company that will do a great job taking care of your second home.
How can you spot a good company to entrust them your property?
It has specialized experience
When looking to hire a property manager, make sure they’ve been working in the industry for at least a few years. There are some Real Estate agencies that also offer these kind of services but, as their main focus is Real Estate, they don’t know as much about managing assets as a specialized company.
Also, you should male sure the company you’re looking to hire has at least experience taking care of your type of investments as not everyone understands the differences between residential and commercial properties.
When you enter into a contract with a property management company they need to make clear the rules, fees, responsibilities and type of services provided. Make sure the company you’re hiring has a total transparency policy.
A Solid Reputation
A solid reputation is key when looking for an asset management company. You can check out online reviews and testimonials to make sure they do a good job and the clients are happy with the services provided.
Values are one of the most important things when it comes to working with someone. Make sure the property management company has values such as transparency, trust and hard work and they will take care of your property as if it’s their own.
Great customer service
The client is not the king but the client should be a top priority for the company. If the company takes too long to respond to requests or is not willing to take care of emergencies, find another one that puts your property as their priority.
How to find a good agency to manage your property?
Ask for referrals
Ask friends and family for referrals about property management companies that worked well with them. Someone that had a great or not that great experience with a company could become a good source of information.
Do online research
Join Facebook groups or use Google to find companies with good social proof. If they have testimonies, success stories and good reviews, they might be the perfect fit for you.
Make a list with all the property management companies and interview them. Take the time to ask about their experience, education, fees, services, testimonies and write down their answers.
Check their credentials
Their licenses, certifications and studies can be a good source of information. Check all of this to make sure the property management company is the one you should be working with.
Do you need a company to manage your property in Barcelona? Contact us.