If you live on your rentals then taking care of it and managing it will be your top priority. And, a property management company can help you do exactly that.

But, the problem starts in selecting the right property manager for your rentals. The wrong kind of property management company can get you fewer rents too. 

If you won’t rent your property without screening the tenant, the same rule applies to choose your property management company. 

So, here are the best strategies to adopt in finding the right property manager. 

Best ways to Find Your Property Management Company

The below list of tips is designed and tested to help you locate the very best of service in terms of handling your property management to a company/manager. 

Ask for Referrals

Talk to people you know or people who have taken such services before. You should also check with the property owners and realtors. It doesn’t hurt to dip into your college and work networks either. 

But, the catch is to not take recommendations blindly. Ask questions and evaluate the answers well. And, if some of them have parted ways, always remember to question ‘why’. 

The more referrals you have, you can sort the best out of it. 

Research Online

Now, the next thing for you to do is get online and start researching the best property management companies. 

Once you have gotten a few names, make the calls, visit their offices, read their mission statement well. All of these exercises will give you a clear insight into how far they can live up to their commitments. 

Visit Properties and check portfolio

One of the best ways to evaluate is to visit their properties. It will provide you with a clear overview of how to manage them. The repairs and the process of cleaning, everything can be found there. 

So, visit their properties, talk to the people around there. Read the reviews of those properties by the very people who rented that site. 

There is no alternative to this point, on-site visits to their properties will give you the perspective you need to decide. 

Certifications 

If you are going to start a partnership with a property management company, you would also need to see if they have been recognized by any tourism body and see for their certifications section. 

We at profit My Villa always emphasize that our screening process starts here, at the certifications of the companies we intend to list for you. 

Understand Management Terms 

More than often you may forget to read that document they hand you. It is very important that you do, because it covers your entire contract with them. Read about how they manage the wages of their staff and the cleaning timings and process. 

Check for refund policies in case of damages caused. All of these are extremely important aspects that determine whether a property management company can deliver what they have charged you for. 

Finally

You need patience when it comes to your rentals. Finding a property management company is not easy and it will take time. Your rental properties are your livelihood. When you allow someone to manage it, what you are looking for essentially is security. 

We at profit My Villa understand that very crux of the decision you are about to take. 

This is where our years of hospitality management experience has enabled us to bring you the best-screened list of property management companies. And, we still would suggest you follow our above checklist. 

You can use it as a strategy to find the best property management company for your rentals in Bali.