How to find a good property manager

November 6, 2009

Although it can be hard to find – there are honorable and reliable property managers out there, and we will give you a few tips to help you find one!

As many second homeowner knows, trying to find a trustworthy and reputable management company is like pulling teeth.  It seems like property managers have the same reputation as a poor used car salesman – because the truth is, there are many neglectful, dishonest property managers out there that take advantage of their situation.

Nonetheless, what are your options!?  Even with the the dawn of a new era in vacation renting with companies like VRBO and Home Away that allow owners to market and advertise their homes themselves – they are still faced with having to find someone they can trust as a local resource!

Although it may be a duanting task, we are here to tell you it is not impossible to find a management company with integrity, and better yet, that they are out there!!

Here are a couple tips for homeowners when they go looking for a local management company:

  • Look for some reviews! Use sites like Yelp, Merchant Circle, and Google to read reviews about the company.
  • Beware of getting referrals from random Real Estate agents and offices as many of them are contracted with rental agencies, etc.
  • What is the company’s business model?  Are they spending most their energy marketing to guests, or taking care of their owners?
  • What is the size of the company?  How many homes do they manage.  Many companies will brag about how great they are having hundreds of homes, and although this can be a testament of their success, it can also be a sign of their inability to give you the focus and attention you are looking for.  Don’t be afraid of working with a newer and smaller company!

You can find peace of mind

If you can sift through the companies, there is always someone there offering the service you need that has some integrity; you just need to be patient.  When it comes to having someone look after your home, don’t rush!  Just know that there are companies out there, that will earn your respect, will satisfy your requirements and leave you resting well at night that your new cash flowing asset in Lake Tahoe is being looked after properly!

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