Do you own a property in Brooklyn? Maintaining a property you live on or rent out is not a joke. It would be best if you had a well-experienced dedicated team who ensures your property is maintained in pristine condition at all times of the year.
While maintaining it yourself may seem to be the best option, but how feasible is it? The answer is a simple, NO. It would be best if you had a proper company or a team to do this for you. This is where a property management company comes into play.
If you are looking for a good Brooklyn property management company to take care of your property, you have several options to choose from. You might not be very clear of how to choose the right team for your needs.
How To Choose
Here are some tips to help you choose the best property management company in Brooklyn who can help you take care of your property:
- Experience
The first and foremost aspect to consider is their experience. Though a newbie in the business might give you a very competitive rate, you don’t want to be stuck with someone who is going to experiment with your house.
A company with many years of experience would have seen a variety of houses across various weather conditions. They know what to do and what not to do with a house.
- Expertise
Understand what they have expertise in. Though a good property management company should have people to attend to various needs of a client, different companies have different expertise.
Find out if they are known for maintenance or repairs or for finding the right tenants. Choose the company based on your current need. If you want to renovate your home, you don’t want to choose a company that excels in finding the perfect tenants.
- Review
Check customer reviews on the company’s website and other common community threads. Reviews by people who have experienced this company’s service first hand are your best advocates. These reviews will be a combination of both good and bad. Read through them and then take a calculated decision based on all pros and cons.
- Ranking
Websites and listings offer contacts and details for property management companies that are ranked based on various parameters. This ranking will help you understand which are the top-rated Brooklyn property management companies and the ones that are rated low. Such information makes it easier to make a decision.
- Services Offered
Different property management companies offer different services. Get a list of all services the company provides and choose based on your requirements. Ensure the company you hire offers all services you are looking for. You can also try to strike a deal with the company to offer you services that are not in their books.
- Cost
This is a competitive industry due to a large number of players, in addition to owners who prefer to take things into their own hands. Ask and find out the total cost involved and how and when you need to pay them.
Do not go with the most expensive option or the company that gives the most discounts. Always cross-check and confirm if the rates are real and not artificially inflated. The best way to go about this is to find out the rates from competitors and your fellow homeowners. Ask your neighbors or online community to check what is the market rate?
- Flexibility
When it comes to maintaining a house, you may face some challenges or unexpected turns of events. In such a case, if you are stuck with a company that is not flexible at all and goes only by the book, you are in for some serious trouble.
Look for a company that has access to other related services. If there is a need, they should handle it with their own people or contacts instead of asking you to find a suitable person for the job in hand.
They need not give anything for free. If there is a need, they should provide the required manpower and charge you accordingly. When your existing property management company can do some extra work around your house to help you keep up the house, it is easier than finding a whole new team to do just a small odd job.
For example, if your property management agreement does not cover window repairs, but someone has thrown a stone or broken a window, it does not make sense to go in person or find a new contractor to do just one window. If your property manager can find a person to do it, it makes things much simpler for you.
- Negotiate
As mentioned earlier, there are many players in the industry. However, it is important to negotiate a good deal – not only money-wise but also the extent or variety of services offered. The better you can negotiate, the better the deal to maintain your house. A good deal can save you a lot of money, mental stress and keep your house in pristine condition, whether you want to live in it, rent it out, or sell it.
If the company you are interested in offers only part of the services required by you, ask them for more. They might have the bandwidth and contacts to serve all your needs but may not offer it due to low demand. Negotiating a good deal includes all this in addition to the rates.
What are you still waiting for? Choose the best Brooklyn property management company to help you maintain your house. Forget the worry, the stress, and the uncertainties, be it summer or winter.
BJD Property Management is a full service NYC property management company servicing the boroughs of Queens, Brooklyn, Manhattan and the Bronx. Whether it be a 1 bedroom condo or multi-family building we are able to assist our clients maximize their investments.