Most real estate markets across the nation experience similar reasons why property owners want to switch to a different management company. The most common reasons being communication (or lack thereof) or just flat-out not performing their duties up to par. However, each market has unique standout reasons, including Georgia. If you are stuck in an agreement with a Property Manager in Gwinnett who is not acting to your standards, it may be time to look around! When looking for a new PM, make sure they check all your boxes and show their dedication to yourself and your property.
Lack of Communication
If a property management company doesn’t return phone calls, does not communicate issues with your property in a professional amount of time, or isn’t readily available to listen to your needs, consider looking for different management. Property Managers are in this business to make your lives easier regarding your rental property, not cause more problems.
High Rates
Do the math. Sometimes it is worth paying the extra dollar to have a quality Property Management Company. You can rest easy, knowing that your Lilburn property is taken care of. However, if the management company is charging top dollar for minimal service, shop around. Each company has its own management agreement stating their prices and duties to you as an investor/owner. If the duties are not worth the amount you are paying, it may be time to look around!
Tenant Turnover
Every time a tenant moves out, owners and investors dedicate funds to get another lease signed; whether this is upgrades or just simply keeping the utilities on. This can be worth it if your Property Management Company is on top of finding and screening new tenants in a timely manner. Even though the time houses are spent vacant should be minimal, Property Managers know not to rush the screening and leasing process to ensure that they are finding the best-qualified tenant for your rental. If your company is rushing just to get a tenant in, maybe look for a company where some time and care is put into renting out your property!
Tenant Retention
Another important aspect that ties into tenant turnover is tenant retention. If you are noticing your residents are leaving after just one year, it might be time to look into why. Most people do not want to pack their belongings up and move to a different rental every year. One possible reason they are leaving is because of stress that was caused during the management. Keep in mind, as an owner or investor, every time your rental becomes vacant, that means more money coming out of your pocket, as mentioned before. Our goal as a Property Management Company is to keep our residents and owners happy for as long as possible in our homes.
There are tons of property management companies to choose from in every market. Just like hiring an employee, do your research, ask questions, and pick one that best suits your needs. Find a Property Manager who you can easily communicate with, and who does their best to solve any problem you throw at them.
Here at RPM of Greater Gwinnett, we treat every one of our properties as it was our own. Our seven years in business have helped us grow and learn as a company. We do everything in our power to keep not just our owners happy, but our residents also.
If you are looking to move into Gwinnett County, contact us today for assistance with property management services and we will help you find the perfect rental home! If you own a home and would like to rent it out in Gwinnett County, reach out to us and we will be glad to assist you in the process!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
