8 Tips on How to Hire A Good Property Manager in San Francisco

Finding property managers in San Francisco is a dime a dozen. Finding a good property manager in San Francisco to hire is another story. You really have to do your homework. After you have done your homework it can still be a hassle. Here are 8 tips to help make the process easier.

1) Ask how many properties the person is handling. Ask how many employees are handling the property. Good luxury Property management in San Francisco depends on it. A good rule of thumb for luxury property management in San Francisco is no more than 40 units. This does not include the accountant buildings and it does include all the employees working under them. Say they are working on 33 luxury rentals. Say you ask them to take on another 10. How good of a job do you really think the property manager is going to do?

2) There is a big difference when you ask them to take on your property when they are handling their own. It can be seen as a conflict of interest. Some view this as a chance for them to be in our shoes. It can be seen this way. It can also be seen as competition.

Say you have a property to be filled. Say they have one at the same time. How can you know for sure they will take care of your issue first? There is no way to know.

3) How routine are the “routine inspections?” This should be part of the package. This should not be a way for the manager to charge an extra fee.

4) Does the person cut you off a great deal? Does the person finish your sentences? This is a bad sign. You need someone who will protect your investment, not treat it like another number.

5) Can the person provide you with quality management tools during the interview? Can they use technology to better enhance your time and investment with them? It is something to consider.

6) Most of them will charge no more than 10% of the profits for managing your Residential Property Management Services in San Francisco. This is to only be collected based on the people who pay. Does the guy ask for his cut whether they rent has been paid or not? This should be a deal-breaker for many of you.

7) Ask them how they deal with maintenance issues and how much they charge. It should not be more than $250 out of your pocket. There are some who try to negotiate a 10% off the cut fee for each invoice. Try to get this waived if you can.

8) Make sure the rent is paid by the tenants and your property manager no later than the 6th day. The manager needs to supply you with a report every time this happen. Are you not getting one? Camp out on their door. This is not a joke. You need the reports and the rent.