Hiring a property manager can be one of the most important decisions you make as a real estate investor, especially if you’re international or out of state. So, there are certain questions that you should be asking each prospective manager and comparing the results between applicants.
In my opinion these are the questions I want answered by a potential property manager. They are more focused towards PM’s who manage over 50+ units but the principles should apply to all PM’s (both SFH and large multi family).
1. What size portfolios are they currently managing?
Tip: You obviously don’t want a property manager who only manages SFH managing your 100 unit deal, and vice versa.