What to Look for in a Property Management Service in 2023

Blog

Subscription

Subscribe and receive email notifications of new blog posts.

RSS Feed Archives

2026 | 8 Posts
- February | 4 Posts
- January | 4 Posts
2025 | 48 Posts
- December | 4 Posts
- November | 4 Posts
- October | 4 Posts
- September | 4 Posts
- August | 4 Posts
- July | 4 Posts
- June | 4 Posts
- May | 4 Posts
- April | 4 Posts
- March | 4 Posts
- February | 4 Posts
- January | 4 Posts
2024 | 48 Posts
- December | 4 Posts
- November | 4 Posts
- October | 4 Posts
- September | 4 Posts
- August | 4 Posts
- July | 4 Posts
- June | 4 Posts
- May | 4 Posts
- April | 4 Posts
- March | 4 Posts
- February | 4 Posts
- January | 4 Posts
2023 | 48 Posts
- December | 4 Posts
- November | 4 Posts
- October | 4 Posts
- September | 4 Posts
- August | 4 Posts
- July | 4 Posts
- June | 4 Posts
- May | 4 Posts
- April | 4 Posts
- March | 4 Posts
- February | 4 Posts
- January | 4 Posts
2022 | 46 Posts
- December | 4 Posts
- November | 4 Posts
- October | 4 Posts
- September | 4 Posts
- August | 3 Posts
- July | 4 Posts
- June | 4 Posts
- May | 4 Posts
- April | 4 Posts
- March | 3 Posts
- February | 4 Posts
- January | 4 Posts
2021 | 46 Posts
- December | 4 Posts
- November | 4 Posts
- October | 3 Posts
- September | 4 Posts
- August | 4 Posts
- July | 4 Posts
- June | 4 Posts
- May | 3 Posts
- April | 4 Posts
- March | 4 Posts
- February | 5 Posts
- January | 3 Posts
2020 | 46 Posts
- December | 3 Posts
- November | 3 Posts
- October | 5 Posts
- September | 3 Posts
- August | 4 Posts
- July | 4 Posts
- June | 2 Posts
- May | 4 Posts
- April | 3 Posts
- March | 4 Posts
- February | 7 Posts
- January | 4 Posts
2019 | 31 Posts
- December | 4 Posts
- November | 5 Posts
- October | 3 Posts
- September | 4 Posts
- August | 6 Posts
- July | 4 Posts
- June | 4 Posts
- May | 1 Posts
2018 | 1 Posts
- April | 1 Posts
2017 | 9 Posts
- November | 1 Posts
- October | 4 Posts
- September | 2 Posts
- August | 2 Posts

Tags

wagner realty Buying a House Area Information Community events For Buyers Longboat Key Things to do Local amenities Restaurants Dining Sarasota, FL Luxury Homes Home buying Home buyer advice Holidays Bradenton FL Venice FL Siesta Key, FL Sarasota County Manatee County Holmes Beach FL Lakewood Ranch Family fun Anna Maria FL Bradenton, FL Outdoor Fun De-Clutter Your Home Moving Suggestions Charities Ellenton, FL Englewood, FL Donation Centers Lakewood Ranch, Florida Parrish, FL Outdoors and Recreation Local businesses Fishing Event Festivals Home improvement Holiday giving Tiny House Living Bakeries Gardens Selling Your Home Home Maintenance Pet Friendly Homes Retirees Home Buying Retirement Homeowners Home Design Homeownership Single Mom Kid & Parent Friendly Suburbs Staging a Home interior design staging Technology Apps Lifestyle Downsizing Decorating DIY Before Selling Home Bradenton Beach FL Clean Your Home REAL ESTATE MARKET Buying the Perfect Home Vacation Rentals Home Inspections Dream Home Bird Bay, Fl Bird Key, FL Siesta Key Holmes Beach, Fl Renovations Palmetto FL Real Estate Investment Lido Beach, Fl REAL ESTATE AGENTS Hire a Realtor! Home Selling Home selling advice Home Selling Tips Press Release relocate New Neighborhood Curb Appeal Move venice First Time Homebuyers Energy Efficient Homes Home Supply Home Affordability Landscaping agents Credit Score Closing Costs Kitchen Renovations summer Charlotte County Punta Gorda Boca Grande downtown Sarasota architectural design historic art Renting vs. Buying Buying a Home "As Is" shopping shop local stores beaches Home Owners Associations downtown Historic home Home Inventories art museums museums galleries art gallery local art artists fall seasonal decor fall decor home decor Safety Tips Fixer Upper parks and recreation parks nature Find an Agent Insurance Policy spring music in the park tours venues Home Resolutions pets Open House Info Open House Questions Home Equity House Hunting Checklist Protect Your Home Weatherize Your Home Home Prices kitchen kitchen updates Market Conditions

Available Languages

English

March
27

What to Look for in a Property Management Service in 2023

March 27th, 2023 by Wagner Realty

In 2023, make the most of your valuable assets with these helpful tips on what to look for in a property management service.

Think Local
Remember, a property management service should be your eyes and ears, especially if you live out of town or travel frequently. A local service will be able to devote the proper amount of time to managing your properties. They are also a great resource for local information, such as average rental rates and current municipal laws.
Perform Due Diligence
You'll most likely have no problem getting a list of recommended property management services from friends and business associates. While your associates are certainly trustworthy, they're still only one opinion. What works for them may not work for you. Be sure to check out Facebook, Yelp, and other online sites to get a more well-rounded perspective.
Make Technology a Priority
Effective property management requires extensive documentation and communication. Fortunately, today's sophisticated technology allows companies to safely organize and store vast amounts of data.
Interview Several Candidates
A property management company may look good on paper, with a stellar list of accomplishments, but intangible qualities are just as important. These are the types of features that can be evaluated only with an in-person interview.
Ask Specific Questions
General questions such as, "Where do you see yourself in five years?" are fine for individual job candidates. A property management service has a defined set of responsibilities, so ask specific questions that will give you a clear picture of how they operate. Topics can include marketing strategies to reduce vacancies, procedures for eviction, and how they perform property inspections.
Look for a Full-Service Company
Employing a property management company is supposed to simplify your life. When the job is fragmented across several different companies, things become more complicated. Look for a property management company that offers a full range of services, so all your needs are fulfilled in one source.
Choose a Licensed Service
While Florida doesn't have a property management license per se, the state does require a real estate broker's license to perform a full range of services. Without this license, a property manager is greatly restricted in what they are able to do on your behalf. For example, they are not allowed to recruit tenants, negotiate leases, or advertise properties.
Understand the Financial Arrangements
Discuss terms of compensation up front and make sure you are clear on all aspects. Property management fees are generally structured as a percentage of gross receipts, a flat fee, or a hybrid of these methods.
Negotiate Terms of the Contract
With any service, it's vital to have all the details spelled out to avoid misunderstandings on either side. For a property management service, such particulars include who will be your main contact and how maintenance and repairs are handled.

Sarasota homes for sale and Bradenton homes for sale also make wonderful rental properties, providing a steady stream of income. Spend more time out in the Florida sunshine and less time handling your rental properties. Contact us at Wagner Realty to learn about our comprehensive property management services from our real estate agents.

Categories: Wagner Realty

Tags: wagner realty, First Time Homebuyers, Renting vs. Buying, Sarasota, FL, Bradenton FL, Bradenton Beach FL, Home buying, Home buyer advice, Buying the Perfect Home, Bradenton, FL, Sarasota County, downtown Sarasota

Related Markets: Bradenton, Bradenton Beach, Sarasota

What to Look for in a Property Management Service in 2023

Login to My Homefinder

We have detected that you have cookies disabled.