Property Manager Interview Questions
The property management company you hire will play a key role in the success of your property investment venture. Here are some interview questions that will help you :
Experience
- How many years have you been a property manager? 30+
- Have you had any formal training in the field? Real Estate Agent
- What systems do you have in place that allow you to do your job efficiently?Property Management Software, Accounting Teams, Bookkeeping (etc)
- What aspects of property management do you find particularly rewarding? To find the right place for my clients, and the right tenants for my owners
Availability and Communication
- What are your office hours? M-F 9-5
- What is your availability after hours? What arrangements do you have in place to handle emergencies? Always on call , 24 hours for emergencies
- How quickly do you return phone calls? Immediately
- What types of regular communication can I expect to receive from you? Phone, Email, Face to Face meetings
Practical Skills
- How do you go about pricing rentals? Market Rent, and communication with the Owner.
- What vendors do you use for maintenance and other projects? How long have you worked with each of them? Many different vendors for there specialty of service. 5 years or more
- Do you use property management software for recording-keeping purposes? What types of records do you keep? Yes, Electronic and Paper Filing
- In your view, what are the key elements of keeping an income property turning a profit? The ultimate goal is to have a positive cash flow, and keep maintenance costs low.
Dealing With Difficult Tenants
- When you have to deal with a disruptive tenant. What steps do you take to remedy the situation? We try to settle all disputes with a amicable solution. We will always rely on the contractual agreement between landlord and tenant stated in the lease agreement. And last resort is always a tenant eviction
- What percentage of past tenants have you had to evict? less than 5 % over the last 30 years
- How does the evictions process work in this state? 3 day notice. Paperwork is delivered to Eviction Attorney. 5-6 weeks later sheriff lock out
- What legal services do you employ? Department of Real Estate Attorneys and Eviction Attorneys
If you have any questions
Call me @ 949 584 5712 or Email me @ mel@melpeyton.com
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