Things that should make you run from a property manager!

Welcome to our first blog. I hope you find it very helpful! Eddie and I have learned a lot about selling investment property and property management in the last 30 yrs. We want to share some red flags that you should be looking for when you get ready to choose a property manager for your home.

1. Unwilling to provide references.

Good references are a critical part of hiring any company to work with. If the property manager is hesitant to provide names you should seriously reconsider hiring this person. There is really no other way to determine what it is like to work with this property manager.

2. Lack of experience.

You don’t want someone who is just starting to learn how to handle the frequent problems that arise with securing rental payments, performing routine maintenances or complying with regulations. Ask how the manager stays up to date with legal changes or general trends in the industry.

3. Lack of interest.

A good property manager knows the right questions to ask; they should be insightful and make sense. They should ask questions that will open a two-way dialogue allowing you and the property manager to gain insights that will enable your property to be properly maintained and represented.

4. No license.

Texas does not require property managers to be licensed, however the better property managers are licensed and accredited. If you want the best of the best you should try to find someone who has some educational background and professional affiliation.

5. Expensive.

Check your area first to determine what the going rate is for a property manager and then aim in the middle. You don’t want to pay too much for a property manager as you might not get your money’s worth, but you also don’t want to pay too little as you may not get any value from their services.

Please feel free to contact us with any questions you may have about your venture into finding the right property manager!

Phone: 281-651-1965

Email: sue@wickmullins.com