Key Questions To Ask Property Managers

Seven key questions investors should ask when deciding on a property manager.

Who will be my point of contact and what’s the contingency plan when that person is ill or on leave?
How often do you check rent arrears and when is the owner informed that their tenant is in arrears?
What are all the costs they charge? (Get it in writing).
Are the fees negotiable, especially for managing more than one property?
Will the owner be charged more than one letting fee in a year if there’s more than one set of tenants?
How is tenant screening performed and what does the tenant need to provide?
How are vacant properties marketed?

(Source: Kirsty Dunphey)