It is important to remember the following tips for maintaining a good relationship with your property management company. If you have hired them to protect your investment and assume the responsibility of taking care of the needs of your tenants, there are several things you must do to fulfill your end of the bargain.
Pay Your Fees on Time
Pay your property management fees on time and in full as they are incurred. Your fees are agreed upon when you sign your contract, as well as when they are due on a monthly or bi-monthly basis. If you have a question about your invoice, ask questions as soon as you get it. Don’twait until it is due.
Let Them Do Their Job
If you hire a property company to work for you, let them do their job. They are professional managers for a reason and understand how things work with the contracts and property maintenance schedules. If you have concerns, talk to the management team, but allow them to do their job. That’s what you pay them for.
Take Their Advice Into Consideration
When it comes to problems or issues with the property, listen to your manager’s advice. They are in the business of managing properties and understand how to professionally handle many difficult situations. Even though it is up to you to make the final decision, take their advice into consideration. It will save you time and money in the long run.
The above tips for maintaining a good relationship with your property management company will pay off in the long run, allowing you the benefit of profiting from your properties without the day to day headache of being a manager.