5 Tips for How to Choose a Residential Property Management Company

By Real Property Associates

Pastel gray creative interior 3d graphic with creative helpful tipclue label on noble stone texture
"Listen to audio version"

Residential property management companies provide property owners with a broad spectrum of assistance to help with day-to-day operations, including business and property marketing

However, selecting the right property management company is vital to maximizing your investment business and boosting ROI. A good property manager ensures that your life has fewer hassles and stress while helping you make more money from your investment properties. 

How to Choose a Property Management Company

So, what should property owners know before hiring a property manager? The following five tips will help you choose the best property management company in Seattle.

1. Get Local References

Word-of-mouth advertising and references are invaluable. Instead of just searching online for "property managers near me" and going with the top company that comes up without additional research, you can gain more relevant information from people who have dealt with the company.

If you can obtain first-hand experience with any property management companies from the local community, you can learn which companies deliver on the promises they offer vs. property managers that aren't as good in reality as their website might lead you to believe.Happy young couple becoming tenants getting own keys of new home at meeting with real estate agent indoors Talk to local residents or other rental property owners who have dealt with property management teams in the area. Get their perspective on who they would recommend and why. You can also check the online reviews.

2. Make Sure the Property Management Company Knows the Seattle Area

When selecting a property management company, make sure they know the neighborhood and the general Seattle region well. The company needs to have "boots on the ground," so to speak. If they know the area well, they can provide accurate rental market analyses for the properties you have (or are considering).

In addition, a property manager with in-depth knowledge of the area will be able to quickly direct you to find new investments to expand your portfolio. For example, if you want to expand your portfolio to include properties from neighborhood A or neighborhood C, they will be able to give advice.

3. Ensure You and the Property Manager Have Similar Work Styles

Residential property management teams all have different work styles and policies. For example, some property managers may operate with a more hands-on approach. In other words, they handle every aspect of the business and are very communicative.

Hands-on managers will often communicate with the investor, keeping them in the loop about what is happening. Some investor landlords prefer to know all the details about what is going on, so they'll match well with a property management company that gives frequent updates and involves property owners in even the smallest decisions. 

However, other property managers may prefer a "less is better" approach when communicating all the details about the properties. They will manage everything but only meet with the investor periodically to discuss what's happening.

When selecting a property management team, connect with a company that fits your work style, so you feel comfortable with how the team manages properties on your behalf. 

4. Research The Company's Success Rate

Before hiring a property management company, check to find out what their success rate is. Success is determined in many ways, but one important way is by how quickly they move people into properties. As part of your research, determine how long it takes for them to screen and place tenants and how long the properties they manage are left vacant.Wooden house and magnifying glass with family. Property valuation

It's crucial that your properties are filled quickly and not sitting on the market for long. Lengthy vacancies lead to lower profits for owners. A property manager's past success rate is often indicative of how they will perform in the future.

5. Ask About Technology and Tools

Working with the best property management company Seattle offers for your best success means finding a company with up-to-date technology. These companies will have a property management system to make work more efficient and optimize your returns. They will also have technological tools that create much easier functionality for tenants.

Some of the resources could include:

  • Online tenant portal
  • Online investor portal
  • Digital rental applications
  • Digital maintenance requests
  • Tenant screening tools

Today's leading property managers utilize the latest technology to make it easier for tenants to pay rent or make requests. Up-to-date technology also makes it easier for property owners to stay informed and enjoy better returns. 

Use These Tips to Connect With the Best Property Management Company Seattle Offers

Take the first step in connecting with the best property management company Seattle offers by contacting Real Property Associates! We make sure you are freed from the day-to-day tasks of managing properties with processes, expert strategies, and technology to optimize your properties and boost your ROIs. Whether you have one or more properties, our professional team can help you reach your goals. 

Learn more about partnering with the best property managers for your goals! Download our free "Guide to Finding the Best Property Manager in Seattle!"

Next Post

    Latest Posts

    A person guarding small homes and money, investment success concept.

    Investing in Seattle Real Estate: Why Owners Choose RPA for Property Management

    Read Full Post

    A Rental Property Owner’s Guide To Eviction Prevention

    Read Full Post
    Public market sign in Seattle, Seattle advantage concept.

    The Seattle Advantage: Why RPA Local Vendors Make a Difference

    Read Full Post
    An engineer performing electric work, Seattle specialists concept.

    Property Maintenance Made Easy: RPA's Network of Seattle Specialists

    Read Full Post

    Subscribe To
    Receive The Latest News

    Similar Posts

    By Jay Young  |  Apr 13 2018

    SEATTLE PROPERTY MANAGEMENT - How To Increase Value Of Your Property

    If you are planning to invest in real estate or if you are already a landlord, you probably want to ...

    By Real Property Associates  |  Aug 11 2022

    How to Choose the Right Property Management System

    Many property owners with more than one investment property start to notice how much time the rent r...

    By Real Property Associates  |  Oct 22 2020

    What Traits Should You Seek in a Seattle Property Management Company?

    There are over 847,000 employees providing property management services in the United States alone. ...