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1) What professional memberships and designations are maintained by the company? 
  Rollingwood Company 2 Company 3
a) Is the company a member of the National Association of Residential Property Managers ® (NARPM)? Yes    
b) Is there an MPM ® (Master Property Manager) and an RMP ® (Residential Management Professional)  on staff? Yes    
c) Is the property manager a licensed Texas Real Estate Agent? Yes    
d) Is the property management company a Certified Residential Management Company® (CRMC)? Yes    
e) Is your property manager required to acquire professional designations? Yes    
2) What types of professional insurances are in place to protect the Owner?
a) For the owner's protection, is Worker's Compensation and General Liability insurance required for vendors working at your property?  If something happens, you are liable. Yes    
b) Does the property management company carry Professional Liability Insurance (Errors & Omissions) for your protection? Yes    
b) Is the property management company a locally owned operation and not part of a national franchise? Yes    
3) Is the principal of the firm a real estate investor?
4) What type of guarantees does the firm offer?
a) Is there a 90-day (three months) money-back guarantee of the management fees if you're not happy with the services received*? Yes    
b) Is there a 180-day (six months) guarantee of the leasing commission if the tenant skips out*? Yes    
5) What other benefits does the company provide?
a) Do they have a 24-hour In-House maintenance person on staff for quick affordable service to your tenants? Yes    
b) Do they send the owner a weekly email with a marketing update to keep them informed during a vacancy? Yes    
c) Do they send a customer satisfaction survey to your tenants after a maintenance call? Yes    
d) Do they have an A+ rating with the Better Business Bureau? Yes    
e) Do they require tenants to carry $100,000 in damage liability insurance to protect the property owner? Yes    
f) Do they provide the owner with copies of all invoices in their monthly management statement? Yes    
g) Do they provide the property owner with an annual property survey before the lease is renewed? Yes    
h) Do they have over 95 years of property management experience on staff? Yes    
i) Do they leverage their vendor relationships to the property owner by requiring, quality work at a reasonable price? Yes    
6) What about management fees?

Your investment is a valuable asset and should be maintained as such. Using a low-priced service can often lead to poor results and high risk for you (think evictions and damages).  The old phrase "you get what you pay for" applies to property management. 

Real estate sales agents sometimes perform property management services for less compensation in the hope of obtaining the sales listing.  Their focus is not on property management. Does that perspective give you the comfort that your investment is being properly maintained?

When an account produces "marginal" income, what does the manager have as an incentive to be mindful of your investment? You need someone with qualified and experienced property management people and skills to handle any problem (liability to you) that may occur on your investment property at any time.

7) What business is the property management company really in?

Ask yourself this question, is the management company devoted to property management for single-family homes, duplexes and condominiums?  Or, is their primary interest in sales, managing apartments, or managing commercial properties?  

Rollingwood Management's primary business and dedication is the property management of single-family homes, duplexes, and condominiums, like yours.