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Top Tips For Choosing A Property Management Company

If you own multiple properties or are looking to generate income from an existing second home, you might also be looking for someone to handle your property management. Rochester NY is a fantastic location to invest your funds, but to ensure that your assets deliver the return that you want, you’ll need to find the right manager first. Managing your property means more than finding the right tenant, which can be a task in itself. It can be a minefield if you’re trying to do it alone, with maintenance to sort out, unpaid rents to chase, legal issues and more.

From price to credentials, here are our top tips for finding the right property management company for you; saving you time and any headaches that can crop up.

Top Tips For Property Management, Rochester NY

Do Your Research

This is a simple but effective rule: always do your research before reaching out. Even if you’re short on time, a quick 30-minute internet scroll can reveal a wealth of information about a service provider. Be sure to check out customer reviews for honest opinions that can help point you in the right direction. It’s also worth checking out the larger directories for a more comprehensive list of companies in your area. From here you can begin to compare a few companies that you like the look of.

Ask Around

There’s no better advertisement than word of mouth, so why not ask around to see who other investors recommend or have used before? You’ll get straight to the source and save a lot of time with trial and error.

Value For Money

While there will always be expenses when it comes to bricks-and-mortar investments, when it comes to managers you really do get what you pay for. Don't jump the gun when it comes to putting price as the number one priority. Good service - and experience - comes at a cost but it’s usually worth the money.

Look Locally

Another good place to start is a Google of ‘property management, Rochester NY’. This will put you in touch with the local providers who, although they may be smaller, will have the advantage of knowing the local area inside out. This means they’ll be able to find the right tenants for you faster and they should have their finger on the pulse of the local rental market.

Check Credentials

Don’t take it for granted that every company will have all the necessary credentials (you’ll be surprised how silver-tongued some firms can be!) Make sure that your agent is fully licensed; this is a promise of protection and will ensure that everything is managed professionally and appropriately within the legal requirements.

As you can see, there’s more than meets the eye when it comes to property management. Rochester NY is a great spot to invest but once you’ve found the perfect place, be sure to do your research and find the right manager for you. A professional management company can make all the difference when it comes to seeing a return on your investment, so do your research and take your time.

Author Plate

Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience providing a holistic service for both domestic and international investors. When it comes to property management, Rochester NY is one of the most exciting areas to invest in both commercial and residential properties. The company brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.