Tuesday, September 5, 2017

What to Look For when Choosing a Property Manager


Joseph Kanner owns Quantum Management, an Elmsford, New York-based property management company. In this role, Joseph Kanner works hard to meet client expectations and provide the highest level of service.

If you are looking to hire a management firm to oversee a rental property, homeowner association, or condominium, you need to first ask yourself the following questions:

- Staffing: Does the company provide an experienced site manager who can do what you need him or her to do during the hours and days that work best for you? A truly reliable firm will also offer a 24/7 emergency phone number for after-hours concerns.

- Financial: Does it employ knowledgeable bookkeepers to generate detailed monthly financial reports that include entries for real estate taxes, mortgages, and insurance?

- Management: Will the company supervise all vendors, including construction workers and maintenance personnel, who work on the property? Does the firm find new tenants?

- Compliance: Will it ensure that the property is compliant with all government regulations? What if tenants violate the terms of their lease? Will the firm handle all aspects of the eviction process, including appearing in court?