Quizzing the Prospective Property Manager

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  1. What binding documents does the P.M. company use for the tenant agreements?
  2. Does the owner have a contractual commitment to the P.M. company?
  3. How is the P.M. department structured?
  4. Procedure for handling maintenance?
  5. Do they charge a fee to conduct maintenance?
  6. How are large bills paid?
  7. Can the owner nominate their own tradespeople?
  8. How do they handle lease renewals?
  9. Does the company charge to renew an existing lease?
  10. What is their process for handling rental arrears?
  11. At what point do they notify the owner that their tenant is in arrears?
  12. How often is the property inspected?
  13. What are all the fees associated with management?
  14. How does the landlord get paid?
  15. How often does the property owner get paid?
  16. How are tenants screened?
  17. How are vacant properties advertised?
  18. How much does the agent think your property is worth?