In the latest Gallup poll, approximately 36% of Americans ranked real estate as the best long-term investment strategy. Since 2014, it has outperformed other options, such as stocks and gold.
Getting a piece of prime Washington DC real estate can feel like a dream. You're in the capital of the country and a rich rental market. There's a wide variety of attractive neighborhoods to invest in.
What if that dream turns into a nightmare? What if you're faced with problems such as:
- Difficult tenants
- Legal issues
- Financial troubles
Hiring professional services can get you a rope to climb out of your nightmare. You just have to be careful to take hold of the right rope so you don't sink deeper.
Read on to learn about three things to consider before choosing landlord rescue services.
1. Experience and Landlord Services
Start your search by finding out what landlord services the provider offers. Think of it as browsing a restaurant menu to decide whether to eat there.
Do they cover everything you need? Do you only need help with lease administration, or would you prefer a more full-service option?
Look deeper once you know their basic offerings. Do they provide specialty services to cater to the local market? What do they specialize in?
You wouldn't go to a restaurant without a professional license on the door, and you shouldn't go to a service provider without professional licensure. It proves they're reputable and familiar with local Washington DC real estate laws.
Dig deeper into their professional experience. How long have they been in business? What's their track record for success?
2. Professional Reputation
History tends to repeat itself, and a service that has failed other Washington, D.C. landlords will likely fail you. That's why online reviews or testimonials from past clients are the best place to start your search.
You can also ask for references. Does the service provider have any past clients or business colleagues who can vouch for their credibility?
3. Clear Communication
The purpose of choosing landlord rescue services is to avoid handling the difficult property management process alone. That's why it's essential to establish mutual communication.
Call them to see how their staff communicates with you. They must always be available to update you about your property. This ensures you have 24/7 landlord protection and management assistance.
That includes communicating about their fee structure. Ask for a detailed breakdown of everything you will have to pay for. Hiding anything at this stage of the process is a major red flag.
Get Landlord Rescue Services Today
Finding the right landlord rescue services means looking for one that offers the right services, has experience providing them, has a positive reputation, and can communicate clearly.
PMI D.C. Metro is a team of property managers in Washington, D.C. We have years of experience and local insight to help you navigate the complex real estate landscape.
Our goal is to maximize the profitability of your investment and preserve its value over time. Contact us today to see how our services can help.
