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Less than 50% of landlords in the U.S. manage their residential or commercial property, which puts their investment at risk.
Finding a credible property management company is key to maximizing your profit as a landlord. But because there are thousands of options available, it can feel overwhelming knowing how to weed out weaker candidates.
If this sounds familiar, you've come to the right place. Here's how to find a reputable commercial property management company in Northern Virginia.
Ask Around for Referrals
A top tip for finding a property management company is to tap into your network. Your friends, family, and co-workers may have hired a service that they can't stop raving about. But keep in mind that everyone's needs are different, so remember to address yours when reviewing contenders.
Check Their Licenses and Certifications
Only consider property management services that display their licenses and certifications. If you can't find them, ask directly because reputable companies will happily share the documents. A good rule of thumb is to verify the license by using the North Virginia license lookup service.
Consider Their Services
Alongside full-service property management, credible companies will use technology for the leasing process. Property management companies should use the latest software to market and screen tenants at the least. If they don't, ask how the company will collect rent and stay in contact for peace of mind.
Visit Their Commercial Properties
A good tip is to visit a commercial property that the company oversees in Northern Virginia. If the property looks run down, that's a major red flag as it shows that the company isn't doing its job. A reputable property manager will ensure that the building and grounds are pristine all year.
For further proof, ask tenants about how quickly the company dealt with issues and if they were informed of big maintenance changes in advance. If the tenant is happy, there's a good chance that the property management team is reliable.
Ask the Right Questions
Once you've narrowed down your list of potential commercial property management companies, schedule an in-person interview with each contender.
Ask each team how they specialize in dealing with commercial properties and how they'll advertise yours. Landlords should ask about the tenant screening process, making sure that the property manager performs thorough background checks to avoid issues further down the line.
Once you've met everyone, there should hopefully be a clear winner. Remember to always listen to your gut and if something doesn't sound right, stay clear as a precaution.
Find the Perfect Commercial Property Management Company Today
Now that you know what you're looking for, it'll be easier to find the top commercial property management company in Northern Virginia.
There are many places to start, such as asking your network for recommendations and reviewing each company's credentials. Landlords should visit properties in person and interview candidates until they're happy. Good luck with the future!
Ready to protect your property? Then get a free rental analysis from Ashburn Property Management to start the process.
