Other than making sure you purchase a property correctly (by making money when buying) the management of your property is the most important. So how do you find a great property manager? One way is to act as a potential tenant.
Step 1: Start by looking at the property listing. Does it contain good pictures and all the relevant details pertaining to the property? Rank your experience with 1 being the worst and 5 being the best.
Step 2: If step 1 was good now give the manager and call and/or email. What is the response like and how quickly do you receive a response. This step is particularly
important because it is the initial contact and can tell you a lot about your property manager. Arrange a showing of the property. Rank your experience with 1 being the worst and 5 being the best.
Step 3: Attend the showing of the property. Does the manager have applications ready and do background and reference checks? Rank your experience with 1 being the worst and 5 being the best.
Hopefully you make it to step 3 but unfortunately in many instances you won't make it past step 1 or 2. That is okay, because you have eliminated handing your property over to an inept property manager. If you make it to step 3 than combine your rankings and create an overall ranking for that property manager.
Step 4: Contact the property manager who ranks the highest and set up an interview with them. At this interview you ask all the other questions that are important to the management of your property.