Are you looking for a property management company for your Anne Arundel County home? Perhaps you live in Odenton, Hanover, or the Arundel Mills area and are ready to move up and out? Well, you have a lot of choices.
Several property management companies serve the Anne Arundel County area. With Ft. Meade being the largest employer in the region, there is a lot of movement. Keeping your home as a rental property to meet the housing needs of this transient workforce is a great idea. But how do you choose which property management company to hire? Here are five tips.
Five Tips For Evaluating Anne Arundel County Property Management Companies
1. What is your philosophy as a Landlord?
You want to choose a property management company that matches your philosophy.
Property Management is not a regulated industry so you'll find a very wide range of professionalism and philosophies in the industry. We here at Chesapeake Property Management take a long term, holistic view of your investment. Most of our Landlords are professionals and want to do the right thing. They care about their property, their neighbors and their reputations and want to hire a company that cares about those things also.
Look for a company that has excellent Google reviews, that takes your phone call when you call, that speaks intelligently to you and that gives you "peace of mind". When you hang up the phone after speaking with your property management team, you should feel calm, knowing that you have found a like minded company that can manage your home in your absence.
>> Check out our Google reviews.
>> See Chesapeake Property Managers Describe a Typical Day
2. Has experience with your price point for rental properties.
Average price point really matters. Don't go with a company that has an average rental price way higher or way lower than yours. By going with a company that has experience in your price point, they will know how to manage this type of home and forge relationships with these types of tenants.
Tenants of higher end homes have higher expectations and your property manager needs to be able to meet these tenants' needs. A happy tenant is a paying tenant. And a paying tenant makes for a happy landlord.
3. Has experience in your area of Anne Arundel County.
Does your property management company really know your area in Anne Arundel County? Have they worked there before? Do they know the HOA rules and the specifics of your community? Believe me, it matters. Every area has its own quirks, HOA rules and community expectations.
Your property manager needs to know these rules in order to educate your tenants properly and keep everyone out of trouble.
>>See Relocating to Anne Arundel County? Check Out Piney Orchard in Odenton, Maryland
4. Matches the educational level of your tenants.
As important as it is to match philosophies between landlord and property management company, it is also important to match philosophies and expectations between your tenant and your property management company.
In Anne Arundel County, many incoming tenants are Department of Defense contractors, IT specialists, medical personnel at the local hospitals, other government workers, and more. These are highly educated, upwardly mobile workers and they expect excellent service and a trustworthy property management company to take care of their needs.
If you want the best tenants, then you have to pay for the best property management company.
>> See Why Tenant Qualification is Important
5. Peace-of-mind that your investment property is in good hands.
When you hang up the phone from the property management company, you should have "peace of mind" and breathe a sigh of relief.
Often, when I am ending an initial phone call with a prospective new client, I hear them sigh on the phone. They are calm, they are at peace and they feel good about the call. As a logical thinker, I tell people to weigh the pros and cons, think objectively and view our relationship as a business relationship.
However, sometimes, the emotional side of the brain just kicks in and, at the end of the day, you will either feel good about your relationship with your property manager or feel "not quite right". You need to trust your property manager, you need to feel good and you need to feel calm. You need to know that in your absence, your investment property, your finances and your reputation are being managed to your standards.
>> See Who Can You Trust in Property Management?
>> See How A Good Property Management Company Can Save You Money
Consider Chesapeake Property Management For Your Anne Arundel County Rental Property
Chesapeake Property Management has first-hand knowledge of Anne Arundel County. We are local, we are hands on and we care. Our reputation is everything to us and so is yours.
>> See Chesapeake Property Management Vs. Other Property Management Companies
You can trust your investment, your finances and your reputation to Chesapeake Property Management. Don't go with the cheapest company in town. Do your homework. Read the fine print. If it is not transparent, don't sign it. Give us a call; let's see if we are a match.
