How to Find a Property Management Company in Michigan
If you own a rental property, the process of maintaining and managing the property may have become unsustainable in the long term. Perhaps you are too far away from the company to provide the care you need, or you may not be able to spend much time collecting and maintaining rent. Either way, it is vital that you find a trustworthy company that will represent you and your best interests while taking care of your investment.
There are four basic ways you can find a reliable property management company. First, you can go with a personal reference. Talk to other successful real estate investors you know and see who they recommend. Also find out who they have had bad experiences with. You can get a pretty good idea of the landscape this way, even if you don’t end up choosing the same companies that people in your network went with. For example, the referral you receive may not provide services in the areas where your properties are located.
The second way to do this is by calling the Michigan Association of Realtors. The MAR will be able to tell you which property managers work in the area where your property is located. They may not be willing to offer recommendations for one over the other, but they will have contact names, addresses, and phone numbers. Many real estate offices offer full service real estate services and you will find some of them this way. When you call the real estate office, just ask for the property management division. However, there are some inherent dangers in choosing a real estate agent to manage your property.
The third way to find this service is through a simple Google search. The top listing on Google is All Property Management, and the Michigan link for that is http://www.allpropertymanagement.com/search/michigan-property-management-companies.html. This will give you a list of companies and individuals in this field, as well as the ability to contact these managers for a quote.
The fourth way is to simply check your local newspaper or online newspaper. A search on MLive.com, for example, returns several companies. Property management companies often advertise here in hopes of acquiring new business. While this can be a pretty hit-or-miss way to find a good prospect to work with, at least you’ll be reassured that an active advertising company will have the ability to take on new business, namely yours.