4 Ways to Spot a Good Real Estate Manager
If you’re a landlord, you need a professional real estate manager to take care of the running of your investment property. Here are 4 ways to spot a good one.
(firmenpresse) - When you’re a landlord, finding a professional real estate manager to work with isn’t hard – there are plenty of companies out there willing to offer their services for a fee. If you’re just starting out as a property investor, though, becoming a landlord for the first time can be daunting, so your choice of property manager is a very important decision. The challenge is finding a good one, which can be difficult in a very crowded market.
There are, however, several characteristics successful real estate managers share, and the good news is you can spot them almost immediately. When you start talking to people to take on the management of your investment house or apartment, keep these traits at the forefront of your mind, and ask yourself: is this the right person to manage my largest financial asset?
They’re Responsive
A landlord should be able to expect their real estate manager to be contactable at any reasonable time. Failure to answer or return phone calls or email communication is not acceptable. You can usually tell from the outset what kind of a person someone is by the importance they place on being available to you. Responsiveness doesn’t end with their relationship with you, either; as your representative, they should also answer tenants’ queries and concerns in a timely, consistent manner as well.
They’re Transparent & Communicative
A professional real estate manager must be completely transparent with you in terms of the services they offer, what their fees do and don’t cover, and how your investment is faring at any given time. It is their responsibility to be on top of rent collection, arrears, any outgoing costs, and ensuring tenants are upholding their side of the lease, and they should communicate that to you in the form of regular reporting, inspections, and updates. No question about your investment property should be too hard for them – and this includes any taxation and compliancy issues.
They Have your Best Interests at Heart
At the beginning of your relationship with your real estate manager, they should suggest a comprehensive discussion regarding your financial goals. Some landlords can have an overinflated view of the rental value of their property, and a good manager with a thorough knowledge of the local market will ensure your expectations are realistic, based on facts, and fit with your long-term financial goals.
They’re Learning all the Time
Experience is invaluable, but so too is the willingness to put in the work to remain up to date with a changing market. It’s vital that the person you have in your corner taking care of your valuable asset has all the relevant facts at their disposal, and this means staying abreast of specific legislation regarding rental properties, your rights and responsibilities as a landlord, tenant rights and responsibilities, and how your investment can affect your tax.
In addition to the characteristics mentioned above, one of the most important things when looking for a property manager is to stay local. Nobody knows the rental market like a local, who has a huge advantage over someone managing remotely from an entirely different city or state. Keep all this in mind when you begin your search and you’ll be able to narrow it down and choose the person or company that will help make you a success as a landlord.
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Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience dealing with both domestic and international investors. Providing a holistic service for both commercial and residential properties, when you’re looking for a real estate manager in Rochester, NY, Torres Turn Key brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.
Datum: 14.09.2025 - 17:52 Uhr
Sprache: Deutsch
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Commercial Real Estate
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