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Property Management Test Questions that Lee’s Summit Homeowners Should Ask

February 8, 2017

There are some essential questions you should ask your potential manager when you’re looking for Lee’s Summit property management. Today, we’re discussing some of those so you can be better prepared to interview management companies.

Marketing Program

Find out if the property management company has a marketing program and if so, what it entails. At Midwest Property Resources, we include marketing on all the major home sites and a walk-through video of the property.

Property Protection

You’ll also need to know what policies and procedures are in place to protect your Lee’s Summit investment property. Ask if they document the condition of the property with photos and video before a tenant moves in and after a tenant moves out. You need to know what they’re doing to keep your investment protected.

Eviction Process

Ask if the property management company has ever had to evict a tenant. This is important because evictions don’t happen that often if the work is being done up front. However, a Lee’s Summit landlord does want to be sure that their property management company has experience with evictions. Going before a judge to get an eviction processes properly is a big part of professional management.

Tenant Management

The tenant screening process is also important – ask if they use a credit bureau and how they make sure you’re getting the perfect tenant for your Lee’s Summit rental property. Find out what they do to retain great tenants. You want tenants who are taking good care of your property to stay longer. We like to keep our tenants happy and paying their rent on time while they take care of your investment.

Communication Methods

It’s important to know how your property manager will communicate with you. It might be text, phone calls, or some other way. Make sure the communication system is effective and matches how you want to be communicated with.

Rates and Fees

You’ll need to know how much a Lee’s Summit property management company costs before you hire them. You get what you pay for. At Midwest, we are not the most expensive nor are we the cheapest in town. We prefer to find a balance that benefits you; where we provide high quality cost effective services. You have to ask what the monthly management fee doesn’t include. Many companies will layer in additional fees on top of their monthly management fee. You want to know up front if a service is covered or not, and what the cost will be if it goes beyond your management fee.

If you have any questions about investing in Lee’s Summit or anything pertaining to property management, please contact us at Midwest Property Resources.

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Best Tips for Self-Managing your Rental Properties

By Trisha Goodale • March 17, 2023

Owning and managing rental properties can be a lucrative business, but it comes with its own set of challenges. From screening tenants to handling maintenance requests, property management requires a lot of time and effort. Here are some tips to help you effectively manage your rental properties and maximize your returns. Set clear expectations Before a tenant moves in, make sure to set clear expectations about the rental agreement. This includes the rent amount, due date, late fees, maintenance responsibilities, and any other rules or regulations. Having a clear agreement in place can prevent misunderstandings and disputes down the line. Screen tenants thoroughly A thorough screening process can help you find reliable tenants who will take care of your property and pay rent on time. Ask for references, run background and credit checks, and verify income and employment. It's also a good idea to have a conversation with potential tenants to get a sense of their personality and communication style. Maintain the property regularly Regular maintenance can prevent small issues from turning into big ones and keep your property in good condition. Schedule regular inspections and make sure to address any repairs or maintenance requests promptly. You can also consider hiring a professional property management company to handle maintenance tasks for you. Communicate effectively Good communication is key to a successful landlord-tenant relationship. Be responsive to tenant requests and keep them informed of any changes or updates related to the property. Establish clear communication channels and respond promptly to calls, emails, or messages. Keep accurate records Maintaining accurate records can help you stay organized and ensure that you are in compliance with local laws and regulations. Keep records of rent payments, maintenance requests, inspections, and any other relevant documents. Consider using property management software to streamline your record-keeping process. Know your legal obligations As a landlord, you have legal obligations to your tenants, including providing safe and habitable living conditions, respecting their privacy, and following eviction procedures if necessary. Make sure you are familiar with local laws and regulations related to rental properties and comply with them at all times. Of course, if you have a property in Lee's Summit, Raymore, Blue Springs or other surrounding areas, we'd love to assist you with all of your property management needs.

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