property management company in abuja

How To Choose A Property Management Company

How to choose a property management company

There are a lot of tasks to be taken care of in managing a property. Between the demands of community members, the many administrative functions, and following up on the decisions of a board, the things to be done can pile up quite quickly. If you’re feeling like you’re doing things that your property management company should be doing or feeling overwhelmed, then it might be time to consider hiring another company. In this article, we’ll explain what they are and give you five tips on how to choose property management company candidates for your property.

Defining the Role of a Property Management Company

Put simply, property management companies are third-party, professional businesses that carry out the management tasks of the property board. As a board member, your task is to make policy decisions.  The main responsibilities of property management companies  include, but are not limited to:

  • Taking care of residents’ requests and issues
  • Maintaining the common areas
  • All administrative and financial tasks including paying the bills, collecting the fees, and preparing financial statements to name a few
  • Complying with local regulations

Ultimately, the property management company exists to make the board members’ roles as low-stress as possible

How to Choose Property Management Company Candidates

Now that we know the basics, it’s time to start focusing on what to look for in a property management company. Here are five key factors you should keep in mind:

1. Location

One of the most important things to consider when choosing a property management company is location. Not necessarily the location of their head office, but the location of the property they manage.

The company you choose must be familiar with the area in which your property is located. A local property management company should be familiar with the property’s demographic, availability of local trades, and the community.

2. Experience

When it comes to entrusting your single biggest investment to someone, you want to make sure that they have the experience necessary to do a good job. This means finding a company that has been in business for several years and has a good track record of managing properties like yours.

How to Find a Property Management Company With the Right Experience

Finding a good property management company with the right amount of experience can be tricky. On the one hand, you don’t want to choose a company that is so new that they are still working out the kinks and learning the ropes. On the other hand, you don’t want to hire a large conglomerate that is full of bureaucracy and is resistant to change, new ideas, and tailoring services to your property.

The best way to find property managers and companies with the right amount of experience is to ask prospective candidates about their current clients to assess their versatility and success.

3. Services Offered

Not all property management firms are made equal, and the services and support they offer can vary widely. Some property managers are stronger in the maintenance of physical properties while others can manage the finances well but lack in other areas.

Finding a property manager that is well-rounded and excels in all areas is extremely important.  If there is anything specific that you would like to see, then be sure to add that as part of your RFP in addition to any other value-added services they provide.

4. Cost

The cost of property management services can also vary widely. Most companies will charge a flat monthly fee with a schedule for additional disbursements which should be included in their quote.  Ultimately, the management fee will depend on the services offered, including the size of your property and the number of on-site hours required while others charge per annum.

5. Communication

One of the most important aspects of any business relationship is communication. This is especially true when it comes to property management since your manager will be responsible for dealing with your members on a day-to-day basis.

Knowing What to Look For in a Property Management Company

Choosing the right property management company is essential to ensuring that your property is well-cared for and the envy of the community. By keeping the above factors in mind, you can be sure to find a company that is a good fit for your needs.  Ask for and check their references.  Listen to what their current clients have to say about them.  This is very important.  Ask for a list of comparable clients that they currently manage as well.  This will give a good indication of the types of condominiums managed.

JMJ Properties has been in business since 2018 serving the Abuja Area and has over 30 properties under management. Contact us today to request your free proposal/quote.


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