- An owner should also ask the property management company about the employees of the company. Did the company do a background check of the leasing agents? The leasing agent will have important information at their fingertips (social security numbers, banking information, access to the premises, etc). What type of experience does the agent have, not only in this field but also work related history? What type of education does the leasing agent have, any certifications for the job other then a real estate license?
- What is the procedure for collecting rent? Late notices, late fees, who receives the late fees? If this escalates what are the procedures for mediations, or evictions, what are the costs involved, do I have to appear in court or be represented by the mgmt company or their lawyer. In this economy even the best tenants can have an issue with missed rent.
This blog is to help investors/owners, tenants, resident managers and property managers share experiances, knowledge and improve our industry. This deals with property mgmt in Hawaii, mainly on the island of Oahu. I have been an investor for over 12 years, run my own construction and remodeling company and I am currently a property manager on Oahu. I want to share my experiances and knowledge, BUT I also want to learn from others to grow this industry into a better situation for all parties.
Tuesday, November 9, 2010
What an owner should ask a propety mgmt company
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