If you are interested in hiring a property management company to collect rent, list your properties, or help negotiate your leases, make sure the brokers are properly licensed and in compliance with state laws. Most states in the United States require property management companies, or their managers, to be licensed. Taking the simple step of ensuring your manager, or their company, is properly licensed can save you a potential headache. It will also afford you the peace of mind knowing the manager you select has proper training to take care of your investment.
Why Do They Need to Be Licensed?
A property manager is the liaison between you and your tenant. The duties your manager will take on vary and may include screening your tenants to accepting rent and writing contracts to mitigation regarding maintenance and evictions. It is necessary managers are current with county and state laws and practices. Licensed property management companies and managers are professionals who save you from making potential costly mistakes.
How Do You Find Out If They are Licensed?
Do some investigation. Check out the websites of the management company or manager that you are considering. If they are licensed, they may mention it on their site. You may be happy to see they list other important information, such as certifications, they or their managers hold. Also, most states have a public license check system online for anyone holding a real estate license. The easiest thing to do is to simply ask. Ask your real estate manager when you meet with him or her, or you may contact the company. If they are properly licensed, they should be happy to prove it.
What If They are Not Licensed?
Maine, Vermont, and Idaho do not require property managers to have a real estate license. South Carolina, Oregon, and Montana allow property managers to work under a property management license rather than a broker’s license. When it comes to property management companies, Missoula investors should be sure they hire a manager who complies with state laws. These laws are set up to keep investors as well as their property safe and to protect your valuable investments.
Make sure you choose a company you can trust! Visit http://www.sapphire.realpropertymgt.com to meet a team of highly trained experts who can manage your investment. Real Property Management can help you in every aspect of property management.
