5 Questions Landlords Should Ask When Interviewing a Potential Commercial Property Manager

 Many landlords choose to invest in professional commercial property management in the Bronx. If you have some rental apartments in Yonkers, Westchester Square, or anywhere in the borough, you might want to consider doing the same. There are many benefits to having a property manager—but you can only enjoy them if you hire the right provider for commercial property management in Yonkers. Here are five interview questions you must ask all potential candidates offering commercial property management in Westchester:

 

  1. How much experience do you have as a commercial property manager? 

Although property managers can handle both residential and commercial spaces, it is preferable to find someone who has years of experience with properties like yours. Ask potential managers to enumerate the types of commercial properties they have handled in the past and are currently overseeing. Don't forget to ask how long they have been in this type of work. 

  1. What training and education did you get to become a pro? 

As you know, property managers have plenty of responsibilities. Without proper education and training, it will be impossible for them to fulfill all their duties excellently. This is why asking about their educational background, certification, and licenses are also important.

  1. How do you set rental rates?  

A credible property manager sets rental rates based on the results of market analysis. The decision is based on several variables, such as the size of the commercial space, local market, and amenities included in your rental.

  1. Which type of insurance do you carry?  

Never hire a property manager who does not have insurance to cover liability. Ask which type of insurance their company carries and request a copy of the liability coverage that shows effective dates and coverage.

  1. How much are your management fees?  
Of course, it is important to ask how much the manager charges for the service. This way, you can see if you can afford to pay for a property manager. You'll also be able to run the numbers first and estimate your earnings from your commercial rental property.    

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