What to Look for when Reading Reviews of Property Management Companies Online
Dustin Edwards • September 11, 2020
Read the Reviews to Find the Right Company For You
555Businesses have extreme accountability to their customers due to the speed at which reviews can be left online. This can be challenging for any business to manage. It is a great advantage for property owners (and tenants even) to explore what a working relationship would be like with a property management company. Find out more below how to evaluate reviews to help you to find the best possible management company for your goals.
Renter Reviews vs. Owner Reviews
Reviews tell a story from the perspective of the tenant and the property owner. While it would be nice to say “well I am a property owner I don’t really need to read reviews left by tenants” we would encourage you to read a balance of the reviews. As a property owner reading reviews left by tenants will help you to understand how they handle tenants who are renting your property. Reading the property owner reviews will help you to understand how they will interact with you.
While it might seem a bit tedious to read through a large volume of reviews it is a great way to understand, from a 3rd party perspective, how it could be to work with the company.
Quantity and Quality of Reviews
Depending on the platform for reviews (the most common being Yelp and Google My Business) a reviewer doesn’t even have to leave comments when they leave their rating. They could leave a 1-star or even a 5-star without writing a single word.
As you are evaluating the reviews of property management companies we would argue that to truly understand what it could be like to work with a company is to look beyond the pure ratings and read the commentary. Sure it is nice to see a string of 5-star reviews, but what is that really saying about the company? Likewise a number of 1-star reviews could mean there is a problem or maybe there was a common challenge that impacted renters on the same day.
Time Period of Reviews
If there is one truth about the internet it is that once something is put online you can find it for pretty much forever. To understand what it could be like to work with a property management company take careful note of when the reviews were left. Consider the following:
Have they not received any new reviews lately?
Are the majority of the negative reviews older?
If they haven’t received any new reviews lately, why is that? Maybe they stopped encouraging owners and renters alike to leave reviews?
For older negative reviews it could be the result of a bad hire that could no longer be with the company. Or they might be a result of a challenging economic period (i.e. great recession or COVID-19) when many businesses received negative reviews. Take time to understand the context of the negative reviews and even ask the property manager about these negative items during the interview process.
Are there Specific Team Members Mentioned?
This goes for both positive and negative aspects. As you read through the reviews of potential property management companies who are the people that are most often mentioned? Is there a particular individual who is always mentioned as going above and beyond? Is the staff mentioned holistically in a positive manner? Look for trends (positive and negative) regarding the staff to help you get a greater understanding of what it is like to work with the property management company. Property management is a service focused business which means you will certainly be relying on those staff members that are mentioned in the reviews.
Should you see a specific property coordinator or manager mentioned in reviews make sure to ask if they will be the one handling your property. Or you might even ask if you can speak with them as part of the interview process. Having confidence in the individual you are assigned as well as the company will help you to have a long relationship where you and your management company benefit.
At Beach Cities Property Management we enjoy reading the reviews from tenants and property owners and encourage prospects to read our reviews prior to working with us as you will certainly get a better understanding of how we enjoy helping. When you would like to find out more on how we can earn our way to a future 5-star review from you we invite you to request our Free Rental Analysis
to see how we can help.
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ADUs are a great to expend your current rental property and increase unit count for rent, find out the different ways to convert existing structures into ADUs
There's value in keeping tenants happy. Discover 4 reasons keeping tenants happy is good for your property.
With the real estate market as competitive as it is, many landlords are looking into building an Accessory Dwelling Unit (ADU) or Jr. ADU to improve their bottom line with additional monthly income. While this is a great way to earn more, you need to be sure you’re investing in the right upgrade to your property. Below are some of the key differences between ADUs and Jr. ADUs; this way, you can make the right decision for your property. Differences between Junior ADUs and ADUs On the surface, the primary difference between an ADU and a Jr. ADU is the square footage. However, there are many considerations for each type of ADU , significant differences include costs and build limitations. ADUs are generally seen as a larger and more versatile build when compared to a Jr. ADU. They can be built detached from the main home, converting an existing structure, most commonly the garage. In Long Beach, an ADU can be up to 800 square feet or 50% of the gross floor area of the primary dwelling, whichever is smaller. For reference, an 800 sqft living space can be arranged as a 2-bedroom 1-bath home, though with creative use of the space, many investors have been able to fit 2 bedrooms and 2 bathrooms comfortably. If listing the ADU for rent is the goal, this can produce a higher yield, though at the cost of a higher initial investment. Jr. ADU, on the other hand, can only be a maximum of 500 sqft and must be built attached to the existing single-family home. While you can build an entire new addition to accommodate the Jr. ADU, it's not uncommon for homeowners whose homes are bigger than they need to convert a bedroom into a Jr. ADU in order to have additional income . A Jr. ADU does still require an efficient kitchen. Bathrooms can be shared with the main house, though this can deter some prospective tenants. Additionally, the utilities are oftentimes shared with the main house, which can simplify installation, though it can complicate utility costs with your tenant. When an ADU is Right Being able to build a full ADU provides an entirely separate and private living space, which is more desirable to prospecting tenants. This is the preferred choice for most investors, especially those who have unused space in their property. By being built apart from the main house, an ADU may cause less disturbance to those living in the main house, whether that be yourself or another tenant. In Long Beach, CA. ADUs can’t be listed as short-term rentals on apps like Airbnb; that being said, an ADU can command more in rent because of the aforementioned features. If you’re looking for a long-term investment, ADUs increase your property’s value while generating a consistent cash flow. Finally, if you ever plan on selling your rental property, the additional ADU can improve the appeal of your property to future buyers. When a Jr. ADU is Right While a Jr. ADU doesn’t have the same potential as a full-sized ADU, Jr. ADUs are far more budget-friendly. These are a great option for investors who have limited funds. Since Jr. ADUs generally require less work to be done in less time, allowing you to begin making a return sooner. Finally, if your property doesn’t qualify for a full-sized ADU permit due to the size of the property lot, a Jr. ADU can be built primarily through interior work, which may only require reconfiguring existing interior space. Whether you choose a full-sized ADU or a Jr. ADU, the decision depends on more than just the size of the structure, you’ll have to manage filling the vacancy and managing the new tenant. If you need help choosing which ADU is right for you or you need help managing your Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
