The subject of dealing with property management companies has been of great interest to many of my clients lately.
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If you’re interviewing a property management company, there are five important things that you need to remember:
- You must understand your contract and any fees involved with it.
- Expect great communication between you and your property manager.
- Any Homeowners Association (HOA) issues should be reported to both you and the tenant.
- Expect all repairs to be disclosed to you.
- You must have the final say in your tenant selection.
It’s also important to be wary and make sure that the property management company doesn’t surreptitiously insert a sales clause into the agreement. This clause would give them the first right of refusal to be able to sell your home, even though they’re probably not the most qualified people to do so. Make sure that you have the option of choosing the agent that you want to sell your house.
Understand your contract and any fees involved with it.
If you have any questions or concerns, please feel free to contact myself or any member of my team by phone or email. We would be happy to help you!
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