Real estate investors often need help managing their properties. This is because there is usually a lot of work involved in managing real estate. It’s not just about buying or building a rental property and getting a regular income for eternity; there’s a lot of work you have to put in. For starters, you need to advertise vacant rental units. Secondly, you have to screen potential tenants. Thirdly, you have to draft lease agreements and hold rental deposits. If there are rent defaulters, you will need to learn how to evict them legally to avoid law suits. At the end of every month, your job will be collecting rent and carrying out preventive maintenance. As you can see, this is a lot of work.

There are many property managers who can help you take care of your property. Since they are all different, it is recommended you take time to compare the top-rated firms to identify the best property manager for your needs. Below are key factors to consider when looking for property management Oahu:

Licensing

Only firms that have a valid license to offer management services should get special consideration. You want to hire a professional who has fulfilled all the minimum professional requirements and legal requirements. If you do not look at licenses, you may end up hiring a quack, which may have an adverse effect on your real estate investment in the long run.

Experience

The number of years a firm has been in business, the types of properties they have been managing over the years and number of properties they are currently managing must be checked. The ideal property manager should have a lot of experience in the industry.

Fees and Commissions

The property management Oahu fees or commissions charged by different property managers must be checked. This is because you want affordable management services. You will have to request cost estimates and compare them before deciding to make a commitment. After all, you don’t want to lose a large fraction of your rental income to management fees.

Only property managers who have a great reputation in the industry and have been meeting client needs and expectations should get special consideration. Therefore, you’ll have to read reviews, check ratings and go over testimonials before you decide to make a commitment. The ideal property manager, should also offer guarantees regarding occupancy rates. After all, you want 100% occupancy.