26121365 – a row of new townhouses with colorful paint
Real estate investors who own property around the city of Birmingham, AL need to have a reliable property manager to ensure their real estate holdings are properly managed. There are many wonderful investment opportunities that investors can look at and analyze before making an investment. This leaves them with little or no time to spare for property management. The little time they may have can be better spent with the family or doing other important things. Property management should be handled by professionals with the time and resources needed to get the job done. When looking for the best Birmingham AL property management firm, there are a number of factors that you must consider, including:
i) Experience
Whether you own a commercial or residential rental property, it is important you create a shortlist of Birmingham property managers that have been managing the type of property you have for many years. Be sure to also check the number of similar properties that the shortlisted firms are currently managing and give priority to firms with a reasonable number of properties under their management. You can have peace of mind when you hire an experienced property management firm because you know your investment will be in good hands.
ii) Guarantees
Before you even start looking at the fees charged by different property managers, you should check the guarantees they offer. For instance, you should check if a firm offers a 100% guaranteed occupancy rate. There should also be a fixed date for remitting rent every month. The full rent should be remitted by a certain date whether or not tenants have paid their rent. After all, it is the responsibility of the property manager to ensure that tenants pay rent on time, so they will have to use their own funds if the due date arrives without full rent payment by tenants.
iii) Management Fees
Property management entails rent collection, advertising of vacant rental units, carrying out repairs, painting of walls, HVAC maintenance, lawn care and eviction of serial rent defaulters among other things. A Birmingham AL property management company will usually charge a fee for their troubles. This is usually a percentage of rent collected. To ensure you get the best returns possible, be sure to request quotes from several property managers and compare them to find the most affordable property manager.
Wednesday, August 15th, 2018, 10:40 pm | 
Property Management | 
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