While there are a lot of questions you may want to ask before hiring a Chicago property management company, here are three questions that need to be on your list.
How do you get your properties leased?
The best property management companies in Chicago will always help handle the leasing on your property. The property manager may leave the ultimate decision up to you or have you involved in the process in some way, but the best property managers will be able to attract potential tenants, screen them, and ultimately only pick the best tenants for your property. This should include putting the property online, working with internal and external leasing agents, and for larger buildings utilizing signage. Some companies focus on only one leasing avenue, but the best property management companies will utilize as many as possible to get your unit filled in the fastest time period possible.
How do you handle maintenance issues?
When interviewing potential property management companies, make sure to ask about maintenance needs on the property. Residential properties always need maintenance in time and the best property managers are prepared for these issues. The best companies will have a full maintenance staff in-house and utilize specialized partnerships to ensure the most cost effective and timely handling of maintenance issues.
How can I monitor my properties finances?
Every Chicago property investor should be able to keep an eye of their properties finances whenever they desire. The best property management companies in Chicago will utilize an online system that gives property managers everything they need to monitor their unit’s profitability. Look for a company that offers 24/7 access to the accounting system so that you can monitor your properties performance when it is most convenient for you.
While these are not all the questions to ask a potential property manager, these are three good questions to be sure to ask before hiring any Chicago property manager. The best property management companies in Chicago will quickly become apparent through these three questions and the differences from property manager to property manager will become more apparent. For more information on what you should look for in a Chicago property manager, visit our page about the 15 things you should know about your property management company. For more information about Letts Property Management and all of our property management services, contact us today at 630-324-4267.