With almost 33% of properties rented out in Maryland, it is no surprise you might have a portfolio of locations in Annapolis you are looking to lease. Sometimes this can be a bit much, though, and you need a property management company to handle the details of so many homes. Though, which should you choose if you want to look into short-term leases and why?
Below, we expand on the three most important points you should consider when looking into short-term property managers. Use these steps to ensure the company you work with is both professional and worth their fee.
1. Consider Their Experience
Not every Annapolis real estate manager is an expert in the area of short-term leases. If you are moving into this area of passive income creation, you want to know you are working with someone who has experience. This will ensure they both have the tools in place to deal with the processes of such leases, as well as knowledge of how to handle common problems.
When you speak to them, or check their website, make sure they understand local laws and regulations related to short-term leases. Also, check their qualifications and licenses to ensure they can do this for you while remaining above board.
You could even ask them questions about what their process is if specific things go wrong. This will give you a good idea of how they would handle an unexpected situation.
2. Investigate the Company's Services
Check the company's website and review the range of different services they offer. You want to check that what they can do for your real estate in Annapolis matches your needs. For example, if you need them to handle regular cleaning or maintenance, but they do not offer this, you should look elsewhere.
Ask them about their marketing and advertising strategies, too. Short-term leases demand regular updates to their online listings, so make sure they have the time and capacity to do this often.
3. Look Into Their Reputation
Check any online reviews others have posted that relate to the company. Other landlords who have invested in Maryland real estate may have had experiences with them, for better or worse. As such, you are likely to be able to find information about them that can give you a good impression of what they are like to work with.
When you speak to them, match up their professionalism and response speed with other people's experiences. You may find the same red flags others have noticed, or it could be that you have the same wonderful experience as other landlords.
The Best Property Management in Annapolis
After taking the above steps, you should have a much better understanding of any property management company you work with. Though, instead of scouring through hundreds of such organizations, why don't you start with the best?
We provide expert short-term lease tools to ensure your properties are well cared for and your passive income continues to flow. So, get in contact with us today to find out more about what we can do for you and your portfolio.