At the start of 2023, Oklahoma ranked 10th in the country in the ratio of homes sold per 100,000 population. It's a great place to invest in real estate for both new buyers and experienced investors.
Real estate is widely considered one of the best investments you can make, but owning rental properties can take a lot of work. Managing properties is no small task, and a property management company can be invaluable here.
If you decide to invest in Oklahoma City real estate, you need to be ready for the challenges that will come with it. The help of an experienced property manager can make a huge difference.
Keep reading for three key tips that will help you choose the right property management company in Oklahoma City.
1. Look for Specialized Experience
There are plenty of property management companies out there, so it can be difficult to choose the right one. One key thing to bear in mind is that different companies will offer different services. As such, you should take the time to find one that offers all the services you need.
Look out for property managers who have a solid understanding of current local, state, and federal laws. A company that also has experience with handling different types of tenants and properties will also help.
Consider the type of investment you're making as well as what your goals are. You want to find a property manager who will be able to help with these specifically.
Be aware that some real estate agents will moonlight as property managers to make some extra money. They typically don't have the same training and experience, so it's unlikely they'll be able to deliver the same quality of service.
2. Verify Professional Licenses and Certifications
Some businesses will offer property management services while only holding a real estate license. This is a red flag, and you should avoid such companies.
If you find a company that offers property management in OK, make sure they have the proper licensing and professional certifications to back up the services they offer. These will show that they're competent and have completed the relevant training.
Various organizations can certify companies such as the NARPM, RMP, MPM, and CRMC. Before hiring a company, ask if they have a broker's license and check what other certifications and training they have.
3. Check Reviews and References
Before you hire a company, it's good to have an idea of what working with them will be like. Asking friends and family for recommendations is ideal, as it's best to get an opinion from someone you trust. You can also look at reviews and testimonials to get a better understanding of a company.
Checking Google is a good way to find reviews from past customers. You can see how people feel about companies, so you have a better idea of what to expect. If a company has a lot of negative reviews, you should probably steer clear.
Finding the Right Property Management Company
With so many options, it's important you take these steps to find the right property management company for you.
PMI OKCity Local offers various real estate management services that could benefit you as a property owner. Take a look at our Property Management page to find out more today.
