7 Questions Smart Investors Ask Property Managers
Listen to Wealth Coffee Chats Podcast Now
Cass Sjostedt the Property Management Group hosted a live discussion on June 25th, focusing on key questions to ask when selecting a property manager. He emphasized the importance of a comprehensive leasing strategy, thorough tenant selection processes, detailed property reporting, effective conflict resolution, proactive maintenance and repair strategies, robust risk management, and understanding the property manager’s personal investment goals. Sjostedt highlighted the high turnover rate of property managers and the need for long-term investment stability, noting that 50% of investors sell after two years. The session aimed to provide guidance for investors to ensure their property is managed effectively and safely.
🎥Chapters:
00:20 – Welcome & Intro to Property Management Chat
02:39 – Why Property Management Matters
04:10 – The Importance of a Leasing Strategy
06:25 – Application & Tenant Selection: What to Look For
08:05 – Reporting Standards: What to Ask For
09:45 – Handling Arrears and Conflict Resolution
11:35 – Maintenance vs. Repairs: Know the Difference
13:10 – Risk Management & Insurance Oversight
14:30 – Know Your Property Manager’s ‘Why’
17:00 – Recap of the 7 Essential Questions
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