Choosing the best property management company to manage your property doesn’t have to be difficult. First, understand your needs and what you’re looking for. When researching top property management companies, keep these key qualities in mind.
Engaging a good property management company will reduce the stress and worry about managing your investment property so you can focus on other areas in your life.
Talk to Your Network
One of the best ways to find a property management company to work with is to talk to people you know that are already working with a company and gather their feedback. This can be a great way to find a top property management company in your area that you can feel confident about.
Ask for Licensing
In British Columbia, the BC Financial Services Authority has regulatory authority over real estate services. They are responsible for licensing and education requirements for rental property management and Strata Managers working with strata corporations. Working with a licensed professional means you are getting the advice of an individual with education and knowledge of the industry.
Also, find out if the company has any professional associations they belong to. This shows a company participates in their local community and focuses on keeping current with the industry.
Ask for References and Experience
A reputable property management company should be able to provide you with references of current clients or clients they have worked with in the past. Learn how long the company has been providing the services they offer. This can provide an excellent indication of how well they function as a company and serve their clients.
Understand the Fees and Services
Each property management company may deliver different property management services and have different fees. They may work with residential properties, commercial properties, or strata councils. Find out what services you can expect. Ask about insurance, cancellation clauses on contracts, how tenants are screened, tenant placement, how many properties the company currently manages, and other questions relevant to your situation.
Pay attention to how the company communicates with you and how often. An online portal can be efficient for accessing documents and staying up to date on what is going on with your property. Find out if the property management has invested in the technology to make communication easy and efficient for owners and tenants with management software. This can be an advantage to busy investors or property owners.
In addition to the property manager or strata property manager, gain an understanding of how other staff are involved with managing your property. Is the property manager supported by administrative and financial staff? Support in these key areas provides an increased level of expertise to the property manager.
Access to Contractors
What relationships does the property management company have with contractors? Who will be taking care of maintenance and repairs on your property? During a maintenance emergency, it’s important that the property management company has reliable service companies they can contact.
Passionate About Making A Difference
Pacific Quorum has been managing properties since 1997. From that time, they’ve grown into the largest locally owned and operated property management company in BC. They’ve done this through a focus on building relationships and contributing to the communities they operate in.
We have experience with residential property management, strata management, high-rise buildings, smaller strata buildings, commercial property management, and investment property management services in Vancouver, BC, and other communities throughout BC.
If you’re looking for a property management company, we’d be happy to provide you with a proposal for our services. Let us know how we can help you.