If your property is your source of income, employing someone to help you manage it might be a smart decision, particularly if you do not have the time to do it yourself. A supervisor/manager will be accountable for relating with your tenants and keeping your property, so you will need to hire someone you can trust.
Just as there are steps to take for choosing the best tenants, there are also a few simple steps you can take to help you find the right supervisor. Here are four steps you could take to help you find the best supervisor for your property:
#1. Get referrals
This is one of the best ways to find a reliable and well experienced supervisor. You can contact realtors, or other property investors and local property owners to see if they know anyone who might have an interest in the position. The local, real estate investor network can be a great means for this because with just one email you could reach hundreds or perhaps thousands of people, depending on where you are.
Referrals are one of the simplest and most reliable ways to find good estate managers, simply because the recommended individual would have done some work for other people who would have to have been satisfied, for to recommend them to someone else. That being said, you certainly should not rely solely on referrals since no two properties are exactly the same; instead, schedule an interview and check out the candidate, yourself, to determine if they are well-qualified and suitable for the unique challenges of managing your property.
#2. Run a background check
If you want thorough information on the person you are thinking of employing, then you’ll have to run a background check and follow up on the person’s references. This is a great idea for making sure you hire a manager with exemplary character and a track record of consistency.
#3. Interview several candidates
You will need to be patient while you are interviewing candidates for the task of managing your property. All too often, the first candidate to respond to your ad might look like just the person you want to hire until you meet the next one.
To help you get the most capable manager, you should interview as many candidates as you can.
#4. Ask the right questions
Being a good supervisor requires a lot of hard work. Technical skills are also a vital part of the job, but people skills are equally as important since relating with tenant will be an almost daily routine. To find out if potential estate managers have these skills, you will need to ask them a lot of questions and put them on the spot.
Basic questions you might want to ask:
Why do you want to manage this property?
What abilities do you think will make you a success at this job?
Have you had previous experience as a supervisor?
What challenges do you think you might have with my property?
What would you do if you smelled smoke?
What would you do if a pipe burst?
What would you do if there was a leak coming from the ceiling?
What would you do if a tenant’s heat was not working?
Finding the right person for the job will not be an easy task, but if you stick to it and use the tips we have shown you here, the process will certainly be made much easier. Don’t forget to avoid making hasty decisions, and only sign on the dotted line when you are absolutely sure that your property will be in safe hands.