The Wie Blog

Archive for February, 2010

When opting to hire property managers, the owner of the property should have at least three things to consider before deciding to hire one.

The first thing a property owner must consider is the management fee. The purpose of the management fee, which is usually ten percent, is to pay for the property manager’s time of helping to shoulder the burden of owning the property. However, the property owner must understand that he is paying someone else to shoulder just a part of the responsibilities and not all the burden associated with owning the property. The owner still has the major responsibility in taking care of his property. The next thing to consider is the interview. Conducting an interview is important to be able to hire the correct candidate for the job. After you have found the perfect candidate, it is time to leave him alone to let him to what you hired him to do instead of getting on his way in properly managing your property.

The third thing to consider is the personality fit. The system and procedures of the property manager should fit the personality of the property owner. More often than not, the personality of the property owner does not match the way the manager handles day to day management operations which leads to problems.