drbubb Posted April 25, 2018 Report Share Posted April 25, 2018 Choosing a Property Management company 5 Ways to Choose the Best Property Management Company http://www.flatfeelandlord.com Choosing a property management company for your rental home does not need to be a difficult decision, but you should spend some time on it so you get the right fit for your property. Here are five tips to keep in mind while you're making a decision. 1. Start your search with professional affiliations. Check out the websites for the Institute of Real Estate Management (IREM) or the National Association of Residential Property Managers (NARPM). These are two trade associations that are very reputable and really set the standard for the property management industry. Any high caliber property management company will be a part of these associations. The companies that are affiliated with these groups will be held to a very high ethical standard and they are a great place to start when searching for a property manager. 2. Call and interview different companies. Find out what they really specialize in. The property management industry has different niches. You have certain companies that... ===== IREM , Some key Ethical issues: Article 3. Accounting and Reporting Pursuant to the terms of the management agreement, a MEMBER shall use reasonable efforts to provide accurate, auditable financial and business records and documentation concerning each asset managed for the client, which records shall be available for inspection at all reasonable times by the client. A MEMBER shall furnish to the client, at mutually agreed upon intervals, regular reports concerning the client’s assets under management. A MEMBER shall not exaggerate, misrepresent, or conceal material facts concerning the client’s assets or any related transaction. Article 4. Protection of Funds A MEMBER shall at all times serve as a fiduciary for the client and shall not commingle personal or company funds with the funds of a client or use one client’s funds for the benefit of another client, but shall keep the client’s funds in a fiduciary account in an insured financial institution or as otherwise directed in writing by the client. A MEMBER shall at all times exert due diligence for the maintenance and protection of the client’s funds against all reasonably foreseeable contingencies and losses. > IREM : http://www.irem.org/ : http://www.irem.org/about-irem/leadership/code-of-ethics/irem-code-of-professional-ethics > NARPM : Link to comment Share on other sites More sharing options...
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