Vancouver, BC -- (SBWIRE) -- 07/13/2016 -- Property owners want the assurance that their long-term real estate investment is in good hands. The security and peace of mind that comes from knowing their assets are treated with care and the assurance of a strong return is crucial. Of course, being a property owner is an entirely different job altogether than is being a property manager. The idea of being on call 24-7 to deal with tenant emergencies – let alone the myriad of day in and day out maintenance issues that require an entire team to handle – is something many owners dread dealing with. Most if not all would prefer to hand these stressful and time-consuming responsibilities over to seasoned property management professionals so that they themselves can reap all the financial benefits of owning real estate and free themselves up from becoming a full-time landlord. But choosing an unqualified property management company can end up creating more problems than it solves so how does one know if they're getting the optimum service of a property manager?

As experienced property management experts, Bolld Real Estate Management knows the real estate business inside and out and shares some of its insights on the matter with a list ten questions when looking for a management company:

1. What are your fees and what's included?

Right from the beginning you want to know how much absolutely everything is going to cost. What services are included? What percentage will they charge? Are there any hidden fees? All these details factor into getting quality tenants and cutting corners on costs can sometimes be cause for suspicion. You need to know everything upfront and a reputable company will make all costs clear from the start.

2. Who will be my representative and how many properties do they manage?

Team strength is important but ensure there is ultimately one person that can be held accountable for the overall management of your investment property and that they will give it optimum attention.

3. How long have you been in this line of work and what sets you apart?

Being in business a short period of time isn't necessarily a bad thing – it's the quality of work that counts at the end of the day. However, be sure your questions about what makes them unique are met with satisfactory answers.

4. How would you structure a maintenance plan?

You expect maintenance – both general upkeep and emergency. You need someone who can handle both. This includes having established relationships with contractors and the ability to lend insurance advice in relation to mitigating costs.

5. Do you troubleshoot with tenants when they call for repairs?

This may sound silly, but repairs can really add up quickly. A seasoned manager knows sometimes simple suggestions like changing a lightbulb can save a lot of unnecessary house call bills when the problem can be fixed with common sense in some cases.

6. What can you tell me about your screening process?

When you make a real estate investment you always want to know as much as you can about who your property will be occupied by. It can be the difference between making money and losing money.

7. How much do you recommend I rent my property for and why?

You want your property to be competitively priced, but you never want to jump in with a manager simply because they gave you the highest number as it could be a recipe for an empty property. Ask them to explain how they arrived at their recommended number.

8. When is the rent money disbursed to me?

Making sure all the revenue is going to line up the way you need it to will go a long way to saving yourself potential stress in the future.

9. What do you expect me to do as the owner?

Your level of involvement needs to strike the right balance. Too much involvement can mean you're paying them for nothing whereas none at all can potentially put your investment at risk.

10. What is your termination policy?

If your investment is suffering, it may be time to try other options (no matter how much you like the people you are working with). Always have an exit strategy.

"A great property management company will make your investment worthwhile," shared Leo Chrenko, Bolld Founder and Managing Broker. "Its job is to take away the stress that comes with being a landlord and allow you to focus most of your energy on getting a return."

For more in depth answers, visit Bolld's article 10 Questions You Must Ask a Property Management Company Before You Hire Them on their website.

About Bolld Real Estate Management
Bolld Real Estate Management is an independent licensed rental management company with property managers with years of experience in rental property management. They live, breathe and eat rental property management and their entire focus is on maximizing clients' investments. Their advice is always well informed and independent. Bolld was founded on the principles of trust, innovation and reliability. They facilitate the use of modern-day technology to its fullest extent and to maximize the value of their services.

Bolld Real Estate Management is here to help. Bolld offers efficient and affordable property management services. Click here for an instant quote.

www.bolldpm.com
855-266-8588