When looking for a property management company (PMC), it’s important to ask the right questions. Not all PMCs are created equal, and you want to make sure you find one that meets your specific needs. Here are 10 questions to ask any Property Management Company in Pune or Property management services in Pune before signing on the dotted line.
1. How long have you been in business?
A professional Property Management Company in Pune should be able to provide this information, and it’s a good sign if they have been in business for many years. While there are always newer shops popping up, it takes time to gain the necessary knowledge and experience to run an effective Property management service in Pune. A good PMC will have years of industry experience to draw upon.
2. How big is your staff?
A Property Management Company in Pune should be able to provide you with detailed information on its management team, maintenance personnel, and support staff (i.e., leasing agents). Ideally, this includes bios highlighting their education and prior work experience. Having a large team to draw upon ensures that the company is able to meet your specific needs—from day-to-day requirements and emergencies to special events and maintenance requests.
3. What type of properties do you manage?
A good Property Management Company in Pune should be familiar with all types of property types. If they specialize in one type only or have limited experience in your type of property, you may want to look elsewhere. That being said, a professional PMC should be willing and able to meet all your needs—consistent with the terms of their contract—regardless of the specific type of property.
4. How many properties do you manage?
A large Property Management Company in Pune will have the resources to handle many properties, which means they are better equipped to provide you with services tailored to your specific needs. Smaller Property Management Companies may be able to provide excellent service as well, but this number is a good benchmark for gauging the size of any given company.
5. How often can you meet in person?
A good Property Management service in Pune will be accessible when you need them, which includes having scheduled in-person meetings. Since property management is all about relationships, you want to make sure there’s ample opportunity to meet in person and discuss matters of mutual interest—including any issues that may arise. If the PMC expects to keep regular contact with you via phone and email, that’s a good sign.
6. What is your background?
A professional Property Management Company in Pune will be able to provide detailed information regarding its team, including the qualifications of their management and maintenance personnel (i.e., supervisors, project managers). The company should also be willing to share any industry certifications they may have attained. If they don’t have any industry certifications, you might ask why.
7. What are your fees?
Every Property Management Company has its own fee structure, which should be made clear to potential clients before signing on the dotted line. A professional PMC will not hide costs or shy away from questions about their fees. You also want to make sure that the PMC includes all costs associated with owning and maintaining a property (i.e., taxes, insurance). Ask for an estimate of what it might cost you to own and maintain your property over the next year.
8. What are your qualifications?
A professional PMC is expected to promote a high standard of ethical behavior, which includes holding various licenses and certifications. Ideally, they have numerous industry-specific qualifications that demonstrate their experience and expertise in the field. These credentials should be made clear on their website or any other marketing collateral. If they don’t have any specific qualifications, you might want to ask why.
9. Can you provide me with references?
A professional PMC will be able to provide clients with legitimate references, including the contact information for previous customers, so that you may follow up directly. Make sure to get in touch with their references and ask about their experiences working with this company. Any negative reviews should be taken with a grain of salt—every company has dissatisfied customers, regardless. However, if the references are all positive, that’s a good sign!
10. What type of management plan do you provide?
The level of service provided by your PMC will vary depending on their management plan. The best plans include regular inspections, timely maintenance requests, and proactive measures to ensure your property performs as expected. Also, make sure the plan includes provisions for reporting emergencies and other problems should they arise.
We know that finding a PMC can be very confusing, especially when you are looking to relocate. So before signing on the dotted line with any company, it is important to ask them what they have done for other clients in your situation or who have similar needs as yours. If you are not sure how to find out these answers, call us! Our team of experts will gladly answer all of your questions and help guide you through the process so that you don’t make a mistake by blindly choosing an unknown Property Management Company in Pune without first understanding their capabilities. Do any of these 10 questions apply to you? then do let us know we will help us to solve your issues at Lisa Network…