To find the right apartment management company here in our beautiful city of Buffalo, you must first consider what’s most important to you as an apartment property owner. This could be different based on where you are in your apartment management journey. Owners that are just getting started may be looking for different things than owners who have been in the game for decades and are looking to get away and settle down after seeing and hearing it all. No matter where you are as a property owner in WNY, Nickel City Property Management is here to help!
So, what’s most important to you? Here are a few things we feel you should certainly look out for, regardless of what stage you are at as a property owner.
Assess YOUR Needs as a Property Owner
As you begin your search for a solid apartment manager to partner with and make your life as a landlord easier, the first step is assessing your personal needs as an owner. Considering things like how many properties you own, what your budget is for property management, and what types of properties you own are all essential to finding the right company.
Another key aspect is how much service you are looking for on your properties. Are you looking for full-service property management? Or are you just seeking out a company to help with acquiring tenants? Are you looking for property maintenance? Are you looking for tenant screening? Just looking for someone to collect rent?
What’s most important to YOU?
Licensing & Insurance
Whether you have 1 property, 10, or 100, you simply must require that your apartment management company has all the proper paperwork. Ask a prospective apartment management company about their license and insurance. Request to see documentation and proof that they are up to date on all important aspects of licensing and insurance.
Experience
When researching a new apartment manager, look for someone who has experience in the industry. You don’t want to trust your property with someone who just got started, or has never owned their own property, for example. By working with an apartment manager who has been involved in owning properties themselves, you can trust that they have gone through similar trials and tribulations, and you can feel confident in seeking guidance from them.
Where is your property? Consider where your properties are, and seek information and experience from a prospective apartment manager on whether they have owned or managed property in the area(s) where you have ownership.
Reputation, References, Referrals
When you’re on the hunt for a new apartment management company, these three R’s are crucial to solidifying a longstanding relationship with your new partner. If you can’t find evidence of a new apartment management company’s reputation, then you should look elsewhere. A referral from another property owner could be a great start, but just because someone you know (and possibly trust) trusts someone, that isn’t enough. You should seek out references from your new property manager and look for evidence of the company’s reputation amongst tenants. Ultimately, tenants are the lifeblood of any profitable ownership.
What do the tenants have to say? If the tenants are giving glowing reviews of an apartment management company, this is a great start.
No matter who you are or where your apartment properties are, trust that you can turn to Nickel City Property Management. We want you to be happy and confident with finding the best apartment management company. We are the home of The Triple Win. Property owners Win! Tenants Win! And when we do what we’re proud of, the property management company Wins! We would be grateful if you trusted your investment with our well-established team.