Choosing a company that provides professional property management in Long Beach, CA requires that you spend a little time researching your options and talking to potential managers. You want to work with the company that’s a great fit for you and your needs, so pay attention to a few key considerations.
You can look for the status of any potential property manager through the Bureau of Real Estate. They keep track of brokers and their licenses, and you can see if there are any violations on their record. You should also look for designations and certifications. The Institute of Real Estate Management (IREM) has a program where managers can earn the Certified Property Manager (CPM) designation. Taking the time to earn these designations means the property manager you are considering believes in professional growth and staying educated about the industry. That’s professionalism at its best.
Check the Portfolio
Look at the homes property management companies manage. Ask for some addresses, and drive by the properties. You’ll be able to see the condition of the home, and whether it looks like it is well-maintained.
Ask About Insurance
Risk management is a large part of property management, and the company you choose should protect you from legal liability. Ask for proof of insurance, including liability insurance, E&O, or errors and omissions insurance, as well as worker’s compensation. This coverage is essential for any management company, and it will ensure that you and your property are protected and that the management company takes its fiduciary duties seriously.
Size and Structure
Size does matter when it comes to property management. The company should be large enough to have a staff that can handle different specialties, like accounting and leasing. You don’t want it to be so large, however, that you don’t feel like you’re getting the personal service you need and deserve. A well-proportioned property management company will have at least 650 units under management.
When you need help finding the right property management company, contact Belmont Brokerage & Management.