Investing in residential real estate was one of the best decisions you ever made. And now that you’ve accumulated several condominium units to put up for rent, you don’t know exactly how to manage them properly.
The good thing is, you can hire a property management agency like Netstrata to ensure that all your rental properties give you the best return on investment. So what exactly should you look for in a good agency?
Credibility
You spent a good amount of money and worked hard to close the deal on every real estate investment. So, it only makes sense that you only entrust these properties with an agency that has proven credibility in the industry. A good track record is one of the best ways to determine an agency’s credibility. When you see a company with many clients, especially those with properties similar to yours, that’s a good sign that they will be able to handle your own needs.
Commitment
If you want your rental business to succeed, you need to work with a company that’s also committed to your success. Make sure that the services are exactly what you need in your own business. They should be able to manage your property well by being a one-stop shop for all your needs—from maintenance to reporting.
Communication
Just because you’re leaving your properties in the hands of a property management agency doesn’t mean that you won’t have any responsibilities as a landlord. In fact, you’re still fully accountable for everything that will happen within your property, which is also why it’s very important to learn about these responsibilities. You should also make sure that you’re working with a company that can communicate efficiently with you. They should be easily accessible and responsive to your enquiries, transparent about all the transactions involving your property and even proactive in providing updates to you as the owner. Good communication is one of the telltale signs that you’re working with a good property management company.
Collaboration
A good property management company shouldn’t just be committed to managing your properties on your behalf. They should also be willing to collaborate with you in making sure that these investments give you the best return on investment. They should help you understand your rights and responsibilities, keep you in the loop with everything and conduct comprehensive reviews for you to check regularly. When you and your agency work seamlessly together, you have a higher chance at enjoying success with your rental properties.
Finally, a good property management company should be able to give you a good price for their service. Keep in mind that you won’t be earning a lot right away. So it’s very important to work with a company that can give you reasonable rates with excellent quality service.
Get in touch with Netstrata so you can learn more about how we manage properties, the services that we offer and how we can help you succeed as a property investor.
Licensed broker Logan Patel holds an MBA in Urban Economics from UCLA and has steered buyers and investors through market swings for a decade. He joined us in 2024 to demystify listings, financing, and neighborhood data with clear, chart-backed advice. When he isn’t scanning comps, Logan coaches youth basketball and scouts mid-century districts for hidden architectural gems on weekend walks.
