The point of a Glendale AZ property manager is to take some of the burdens off you. Therefore, it’s best to hire someone that knows what they’re doing, which can seem easier than it is at first glance. Many investors feel that managers aren’t necessary or that they’re too expensive. While some may not be worth their weight in gold, others can be everything that you can’t or don’t want to be.
Number of Units
The first step is to ask your potential Glendale AZ property manager how many units/properties they manage already and how many people do they have to manage all those properties. If one single person manages five properties, they may not be able to give yours what it deserves. Likewise, if it’s a company full of managers, they should have two or three each, so that no one gets overloaded.
Personal Rentals
Many times, managers feel that they can have their own rentals and make money. While it may seem like a good idea to hire someone like that, it could backfire. They’re going to put their locations ahead of yours, which could lead to longer times for repair, not collecting rent promptly and more.
Experience/Skill
The Glendale AZ property manager may be required to collect rent from unruly tenants or may need to get inside the place for inspections. They should be able to coerce in a friendly and fair way, but still get the job done. Likewise, they should be experienced about the marketing in the area, understand what rent is appropriate for your location and the like. Without this information, you risk getting low-quality tenants or not filling vacancies quickly.
Price
Primarily, most managers charge anywhere between seven and ten percent of the total rent. It’s important to know if that means total possible rent (even for vacant units) or rent based on the number of people in those units.
