The Landlord's Almanac - Landlord Conversations

How to find the right property manager

December 02, 2021 Kassandra Taggart Season 2 Episode 32
How to find the right property manager
The Landlord's Almanac - Landlord Conversations
More Info
The Landlord's Almanac - Landlord Conversations
How to find the right property manager
Dec 02, 2021 Season 2 Episode 32
Kassandra Taggart

It's more about the responsibility and values of what a property manager can do for your property than it is about using the generic google questions to interview a property manager.

In this show, come learn about different questions you can ask a property manager and later in the show we will answer some questions posted in the forums.

Recorded:
Recorded Dec 

Host:
Kassandra Taggart
Dave Stroh - KBYR Radio

Links:
The Landlord's Almanac
Facebook Page
Website
Property Management
Donations
Sponsor the club
Book: Pain or Profit

Sponsor:
Real Property Management Last Frontier

Support the show (https://www.thelandlordsalmanac.com/clients/donations/)

Support the Show.

Show Notes Transcript

It's more about the responsibility and values of what a property manager can do for your property than it is about using the generic google questions to interview a property manager.

In this show, come learn about different questions you can ask a property manager and later in the show we will answer some questions posted in the forums.

Recorded:
Recorded Dec 

Host:
Kassandra Taggart
Dave Stroh - KBYR Radio

Links:
The Landlord's Almanac
Facebook Page
Website
Property Management
Donations
Sponsor the club
Book: Pain or Profit

Sponsor:
Real Property Management Last Frontier

Support the show (https://www.thelandlordsalmanac.com/clients/donations/)

Support the Show.

THE PROPERTY MANAGEMENT SHOW 


GOOD MORNING AND WELCOME...ID LIKE YOU TO MEET MY CO-H0ST FOR THE NEXT HOUR…. KASSANDRA TAGGART IS THE OWNER OF REAL PROPERTY MANAGEMENT LAST FRONTIER, THE PROPERTY MANAGEMENT COMPANY HERE IN ANCHORAGE… SHE IS ALSO THE PRESIDENT OF THE LANDLORDS ALMANAC, ONE OF THE LAST LARGEST LANDLORD CLUBS IN THE COUNTRY DEDICATED TO NETWORKING, SUPPORTING AND TRAINING PROFESSIONAL LANDLORDS AND SHE IS THE AUTHOR OF THE POPULAR BOOK PAIN OR PROFIT: SECRETS OF PROFITABLE RENTAL PROPERTY INVESTORS...SHE JOINS US .GOOD MORNING Kassandra!… 

 

One of the most important choices an investor can make concerning their investment is hiring a property manager…but how do you find the right property manager…that is the topic of our first conversation this morning with kassandra. 

 

Q.  There seems to be so much riding on this one person…what are the good results that can come from hiring the right property manager? 

Q. Will a good property manager help to create a return on investment for a property owner? 

Q. How do you know, when a property manager has impacted your investment in a negative way? 

Q. Does reputation matter in the marketplace? 

Q. How many references do you ask for when seeking out a quality property manager? 

 

Q. Can you define success in property management and what should it look like to a prospective investor looking to hiring someone? 

Q. Should an investor, looking for a good solid and stable performer, ask if a property management companies books and finances are in order? 

Q. Does the number of properties a company manages figure in to your decision to hire them? 

Q. Do you ever like to see a property management company make some kind of investment in your rental? 

Q. As an investor, do you expect to hear a pitch for a marketing plan when you are looking for a qualified applicant to manage your properties? 

Q. Would you expect a prospective applicant to have a portfolio of the properties they currently lease and manage in the area? 

Q. Do you ever quiz them as to if they actually know the local rental market? 

Q. When it comes to potential disasters in the marketplace are you ever interested in how a property manager would respond? 

Q.  Is your expectations of a property manager an all in or nothing proposition? 

 

Q. Are you inclined to hire a property manager that treats your property likes its there investment too? 

Q. Does the speed in which a property manager gets a listing to rent ever a factor in their hiring? 

Q. Do you expect a property management company to promote tenant satisfaction? 

Q.  As you know, things break, problems arise and immediate action has to be taken, is a good property management company one that will handle requests regardless if its on a weekend or a holiday? 

Q. What should the price a property management company charges mean to the investor in terms of value? 

 

Q.  Whats more attractive to you as an investor when a property manager and or company lays out their price for doing business with you…expensive….inexpensive or least expensive? 

Q.  Whats the problem with low priced property management companies? 

Q. In your book pain or profit, you compare a property manager to that of a baby sitter, how so? 

 

(BREAK) 

 

EVEN THE BEST LANDLORDS and even renters HAVE QUESTIONS AND WE ARE ASKING THEM FOR CASSANDRAS BEST ADVICE… 

 

Q. Do i charge tenants for frozen pipes repair? 

Q.  I’m looking for someone for a washer repair in anchorage,who would you recommend?…(shout out) 

Q. Is there a code of ethics that professional property managers try and adhere to that you know of? 

Q. How much do employed property managers make an hour here in anchorage? 

 

Q. Have rental properties started to use key cards yet like hotel rooms? 

Q. What kind of questions do you usually start off with when sitting down with potential tenants for the first time? 

Q. What types of rental units are most in demand right now? 

Q. Are flushable wipes really flushable? 

Q. Is it true that tenants dont have to vacate a property until there is a legal finding against them? 

Q. Do i have a responsibility to the rental property industry now that ive determined i have high risk tenants in and on my property? 

Q. What is a property managers top priority when it comes to their clients?