Signs You Need a New Property Management Company

Your property manager is supposed to help manage your properties and keep them profitable. Anything less than properly achieving those goals is doing you and your tenants a disservice. At the same time, your profits margins can suffer, which is something no investor wants to see. If you notice any of these signs, it may be time to look for a more capable property management company to take care of your investments:

Your property manager alienates tenants

In this line of business, relationships are everything. This is why a property manager who alienates your tenants should be a concern that you address quickly. The last thing you want is to acquire a poor reputation because of your property manager’s actions.

Your property manager is too lenient with violations

When you enter a contract with a tenant, you expect your tenant to hold his or her end of the agreement. When they violate the terms of your agreement, you want a property manager who is just and fair to rectify the situation. A manager who is too lenient with violations puts your property at risk, affecting your property’s ability to generate income in the future.

Your properties aren’t being rented out

No tenants mean no income, which completely contradicts the whole reason you’re in this venture in the first place. Several properties remaining empty for excessive amounts of time is a red flag, especially if your properties are well-maintained and have had no previous issues when it comes to finding tenants.