Traits You Need In A Property Manager

Posted by Gurpreet Ghatehora on Monday, September 19th, 2016 at 8:27pm.

Property managers help maintain your rental properties in a multitude of ways. If you’re on the hunt for a capable and multi-talented property manager, be sure to look for these qualities during the interview process. These can help you find a property manager that can handle everything.

1. They Understand People

A property manager does more than collect rent cheques, they should be helping you find your ideal demographics for your properties. So if you’re looking for the right property manager, be sure to ask them about certain demographics. They should know, for example, that younger people prefer new paint over old, and steel appliances over old, weathered avocado. So if you want to rent to younger people, your property manager should have some ideas on how to make that happen.

2. They Handle Conflict

Property managers act as a buffer between you and your tenants. For all minor disputes, and many of the major ones as well, they should be able to solve them on their own, without your involvement. If you hire a property manager and are getting calls from your tenants, they aren’t doing their job. Try to find someone who has experience in conflict resolution. Ask them about multiple instances in which they handled a conflict with good results. They can’t be a pushover either, though, so make sure that they will stand up for you when you’re not around.

3. They’re Handy

From fixing toilets to putting in a new coat of paint, a property manager really should be a jack-of-all-trades. Look for someone with some construction experience, or at least some renovation experience. You’ll need someone who can handle all the minor things that need done between clients, such as patching up walls and doing minor repairs.

4. They’re Organized

Since your property manager is going to be handling a significant amount of money, both in terms of rent cheques and paying for work and supplies, you need someone who can stay organized. Be sure to look into their background and ensure they have a history of organization. This particular trait can be difficult to ascertain during the interview process, so be sure to keep an eye out during their probationary period.

With the right property manager, your investment properties can be more profitable and less time consuming. When looking for the right property manager, be sure to find someone responsible, organized, and multi-talented. That way, they can handle everything you need them to handle.

Leave a Comment