At some point, you might find yourself having to make the decision of hiring a local Property Manager in Dallas, with the intent of them managing your property. Naturally, this decision is not going to be an easy or straight forward, since hundreds of licensed property management professionals operate within Dallas. It should be noted though, that if you have a good idea on what’s desired, you are in fact, in a good position to determine how to go about searching for an ideal Property Manager in Dallas.
You should consider the following: Is your general approach laid back and relaxed or are you an extrovert who’s out-going, yet, professional? Once you’ve determined your preferred personal style of going about handling matters, it becomes easier to communicate with a management team that understands and accepts your “mode of communication”.
After determining your personal style of handling matters, you are definitely in a good position to narrow down your list or get a fix on a desired list of organizations, all while effectively eliminating those that do not or are unable to cater to your needs. Now you’re all set to start interviewing managers that fit the profile. While conducting these interviews, try to keep the following key questions in mind:
- How long have you been consistently working in managing properties?
- Since you’re likely covered by liability insurance, how much is it?
- What’s your standard fee structure and are there any hidden fees?
- Are accounting services currently offered?
- How are costs kept down regarding maintenance?
- Would you mind elaborating on your advertising methods?
- How do you normally handle emergencies?
These questions are not only good icebreakers but also an opportunity to get to know if the individual is worthy of your time and money, or even how they fall against the other managers you’ve already interviewed. It can also give you a base on which to present questions, so the manager knows you’ve done your research. This is crucial. to hire a property manager.