Managing rental properties is a job for professionals. After all, the average real estate investor does not have the expertise, patience and resources needed to manage residential properties effectively on their own. To find the best residential property management Seattle residents must compare all the top-ranked property managers to find the right firm for their needs. This will take time, so you should take time to conduct the necessary background research. Once you have created your shortlist, there are several key factors that you will have to take into consideration before making a commitment.

After compiling your shortlist, you should not rush to pick the first property manager that looks great on paper. The following are key factors to consider before making a decision:

a) Licensing

When looking for a service provider, you should avoid hiring quacks. The easiest way to do this is to shortlist a licensed property manager. Only firms that are licensed to offer property management services should get special consideration. A license is evidence that a realty firm is properly-qualified to provide the public with the property management services you require. As you start making your shortlist, be sure to only consider firms that have a valid license.

b) Experience

The amount of experience different firms have is a key factor of consideration. Do not just look at the number of clients served as the number and types of properties managed by a service provider also matters a great deal. Therefore, you have to spend time comparing the experiences of the shortlisted firms before committing yourself. Experience is a great teacher no matter the industry, so you will get quality services when you hire the most experienced residential property management Seattle has to offer.

c) Fees

The fees charged by different firms must be compared. This is because you are looking for affordable services. The ideal firm should charge a reasonable commission on the rent they collect from tenants. After all, you want to get the greatest return on your investment. Some property managers usually charge exorbitant rates while others usually have competitive service fees. By taking a bit of time to compare fees and commissions, you’ll be able to find an affordable property manager.

You will need to search the web for client reviews and client testimonials prior to making any decision. You’ll also need to check how different firms have been rated and give special consideration to the most experienced property managers.