Q. What advice do you have for a customer looking to hire a provider like you?
A. Interview at least three managers to get a feel for whom is offering the services you feel most important to you.
The basic services are often the same, but placement fees, experience level with tenant screening,renovations, and up and down markets can impact your listing a great deal. Often if its a large company there will be a person who has never seen your home answering your questions. The longer they have been doing it the more likely they are to have encountered all the issues and solved them before.
Q. If you were a customer, what do you wish you knew about your trade? Any inside secrets to share?
A. Ask how long they have been doing this field, many agents have turned to management during the sale slow down and will leave the field after it picks up. You want someone who is is long term.
Management Companies have 17 ways to make money off their owners and tenants. Don't only ask for a monthly management fee, but also seek out the other 16 fees as well. For a complete list visit our blog.
Q. What questions should a consumer ask to hire the right service professional?
A. How long have you been in this field?
How much experience do you have with homes in this area?
Do you hold any certifications?
How do you get my funds to me?
What do you charge when the home is empty?
What is the average time on the market for your homes?
What is the average turnover rate of your tenants?
Q. What do you like most about your job?
A. Developing long term relationships with our tenants and owners! We are more than a business we are a family!
Q. What questions do customers most commonly ask you? What's your answer?
A. What is your management fee is the most common question from potential clients. This illustrates owners lack of knowledge about property management and ways companies operate and make money. Almost every property management company charges a 100% listing fee and low monthly flat fee for monthly management. In this scenario the company wants the tenant to leave and not stay long term. There is no incentive to find a long term tenant. At Holub Realty and Property Management we want long term rentals so our fee structure is not based on continuous change in tenants.