Hiring a property manager is a grand favor that you bestow upon yourself. You free yourself from the hassle and stress of managing your property, tenants, and property-related matters. However, all of this is only possible when you’ve got a reliable, skilled, and professional property manager on board. The tables can turn pretty much around if you end up with the wrong property manager.
If you want to know the signs that indicate that a property manager isn’t the best option, you’ve come to the right place. We’ve listed down some signs that indicate that you’re dealing with a bad property manager. Let’s dive into it without wasting any time.
1. Lack of Communication
If your property manager is unreachable most of the time, you need to do something about it soon. Lack of communication is one of the first and the most alarming signs of a bad property manager. If you don’t know what’s going with your property, what’s the point of bearing an additional expense of hiring a property manager? Moreover, it’s your property, and you need to keep everything that goes around it in check. If your property manager is bad at keeping you updated or responding to your questions, consider it a red flag! The whole purpose of working with a rental manager is to get all of your properties for rent occupied
2. Your Tenant Keeps Calling You
If your tenants keep calling you for their complaints, you need to check with your property manager what they’re up to. It’s the responsibility of a property manager to address and ensure all the tenant complaints. If your tenant is complaining directly to you about a leaky faucet or a broken pipe, what is your property manager really doing?
3. Poorly Maintained Property
No matter how well-reputed a property manager is, you should always make it a practice to visit your property personally once in a while. If you happen to visit your property and find it in bad shape, it’s a sign that you’re dealing with a bad property manager. One of the key responsibilities of a property manager is to keep your property in top shape. They’re supposed to ensure that if your property needs any repairs, they’re done right away. Check out how to get the most out of your rental property regarding maintenance from a good property manager.
4. Signs of Laziness
If your property manager shows signs of laziness, you should realize that you need to look for a better property manager. Signs of laziness include unaddressed complaints, incomplete repair works, untimely, and rent collection. If any of these issues prevail, the very purpose of hiring a property manager goes null and void.
5. Prevailing Compliance Issues
Another sign that you’re stuck with a bad property manager is you’ll face prevailing compliance issues. Regulatory agencies inspect properties periodically to see if they’re complying with all the local requirements. If your property manager is doing their job right, you shouldn’t notice non-compliance from the authorities. However, if you do, your property manager isn’t doing the job well because a property manager is responsible for ensuring that your property is compliant with all local and legal requirements.
6. Inconsistent Cash flow
Inconsistent cash flow is another sign of a bad property manager. If your property manager is working efficiently, the cash flow should remain consistent. An efficient property manager will ensure that your property doesn’t remain vacant for long. They design effective marketing strategies for your property and keep the cash coming in. However, if your property stays vacant and you aren’t getting the cash inflow that you must, you need to get rid of your property manager and look for a better one.
A bad property manager only makes the situation a lot more stressful for you instead of making it any better. If your property looks bad, your tenants call you for their complaints and queries, there’s an inconsistency in the cash flow, or your property manager appears to be lazy; you need to find a better property manager to look after your property.
An easier way to take care of all of this would be to hire a GOOD Property Manager like Northwest Atlanta Properties so we can manage your rental properties for you. Get in touch with us today if you have any questions or want to maximize your rental property!
An easier way to take care of all of this would be to let Northwest Atlanta Properties manage your rental for you. Get in touch with us today if you have any questions or want to maximize your rental property!
To check out our latest posts click here.