Scope of Services
• handle tenant finding, rent collection, lease paperwork?
• manage repair / maintenance, cleaning, common areas, security?
• offer financial accounting / monthly reports to owners?
Reputation & References
• Ask for references of existing clients.
• Check online reviews & ratings.
• See if they’re involved with recognizable developers or large residential projects.
Fees / Commission Structure
• standard is often around 5-10% for many services, but vary based on service level).
Legal / Regulatory Compliance
• provide proper lease agreements, rent receipts, security deposit handling?
• manage statutory compliances (tax, local bylaws, association rules etc.)?
Communication & Transparency
• Regular updates / reports.
• Responsiveness.
• Clear agreements about handling damages, emergencies etc.
Technology / Tools
• Property management software, apps for communication, payment tracking