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Health 711 views Sep 01, 2017
Finding the Right Property Management Services

Congratulations on purchasing that property! Indeed, this is a great investment, but you can get good returns only if you keep it in a top-notch condition. And for that, you need to find a reliable company that offers property management in Minneapolis.

Generally, property maintenance services in Minneapolis collect rents and other charges on your behalf, handle all daily maintenance issues, and Carter to the needs of your renters. Since they are involved in so much, and also deal with finances, you have to make sure that you hire a reliable Minneapolis property management firm. How do you go about this? What’s the process of finding reliable property management services in Minneapolis? Let us look at what’s involved.

Get referrals

The best way to find reliable property management company in Minneapolis is to get referrals. Whom did you buy your home from? Ask the seller if they were availing property maintenance services. Also, talk to your friends, and see if they know a property manager. Get in touch with your real estate agent as well; they would probably be able to connect you to a number of property management firms in Minneapolis.

Once you have some names, check online reviews and ratings assigned by the Better Business Bureau and Real Estate Commission. Ensure that the property maintenance service under consideration has all necessary licenses.

Interview potential property management firms

Okay, so you have some names by now. Time to interview them. Try to meet the reps at all of these firms in person so that you can get a better idea. We’ve always heard first impressions counts, and the same applies here as well. How is the property manager speaking? Are their communication skills good? Are they well behaved? Can they handle conflicts? Assume yourself to be the tenant and then think if you want to give rent to the person in front of you or not.

Ask about advertising

Advertising is the clue to getting more tenants, so you should find out how the firm would take care of this. Try to get answers to the following set of questions.

§.What advertising channels does the firm offering property management in Minneapolis use?

§.What signs are put up on the property?

§.Which newspapers and websites are preferred for ads?

§ How long does it take to sign up a tenant on an average?

§.What are the current vacancies which the firm has right now? They should have already dealt with properties similar to yours in the past.

Also, go to their website, and look at the details. The features should be impressive; vacancies should be clearly listed; the sign-up and sign-in process should be simple, and navigation should be user-friendly.

Negotiate terms

Before signing the contract, read between the lines and make sure there are no loopholes of any sort. Note down the name and details of the contact person; you should be able to communicate with them through several means like phone, email and so on.

Consider the rates, and make sure all kinds of fees are documented. Clauses related to termination should also be mentioned, along with the notice periods.

Does our advice help? Try Guardian Properties, a reputed firm that offers property management in Minneapolis.