What professional memberships and professional designations are maintained by the company?
Question |
Us |
Them |
Is the company a member of the National Association of Residential Property Managers ® (over 20 years)? |
Yes |
|
Is there an MPM ® (Master Property Manager) and an RMP ® (Residential Management Professional) on staff? |
Yes |
|
Is the property manager a licensed Texas Real Estate Agent? |
Yes |
|
Is the property management company a Certified Residential Management Company®? (less than 1% on management companies nationwide have this designation) |
Yes |
|
Is your property manager required to acquire professional designations? |
Yes |
|
What types of professional insurances are in place to protect the Owner?
Question |
Us |
Them |
For the owner's protection, is Workermans Compensation Insurance and General Liability insurance required by all vendors working at your property? |
Yes |
|
Does the property management company carry Professional Liability Insurance (Errors & Omissions) for your protection? |
Yes |
|
Is the property management company a locally owned operation and not part of a national franchise? |
Yes |
|
Is the principal of the firm a real estate investor? |
Yes |
|
What type of guarantees does the firm offer?
Question |
Us |
Them |
Is there a 90-day (three months) money-back guarantee of the management fees if you're not happy with the services received*? |
Yes |
|
Is there a 180-day (six months) guarantee of the leasing commission if the tenant skips out*? |
Yes |
|
What other benefits does the company provide?
Questions |
Us |
Them |
Do they have an In-House property maintenance person on staff for quick affordable service to your tenants? |
Yes |
|
Do they send the property owner a weekly email with a marketing update to keep you informed during a vacancy? |
Yes |
|
Do they send a customer satisfaction survey to your tenants after a maintenance call? |
Yes |
|
Do they have an A+ rating with the Better Business Bureau? |
Yes |
|
Do they require tenants to have $100,000 in damage liability insurance to protect the property owner? |
Yes |
|
Do they provide the property owner all invoices in their monthly management statement? |
Yes |
|
Do they provide the you with an annual property survey before the lease is renewed? |
Yes |
|
Do they have over 95 years of combined property management experience on staff? |
Yes |
|
Do they leverage your vendor relationships to the property owner by requiring, quality work on your property at a reasonable price? |
Yes |
|
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, just sales. 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.
What business is the property management company really in?
Ask this question, is the management company devoted to just property management for single-family homes, duplexes and condominiums? Or, is their primary interest in sales and selling properties, managing apartments, or managing commercial properties? First and foremost, Rollingwood Management's primary business and dedication is the property management of single-family homes, duplexes, and condominiums.