Changing to a new Property Management Company can be a daunting process for many OMC Directors. There are many things to consider when in this position and professional advice should be sought out at each step. If you are considering a move, then read on for some tips on how to make the process as stress-free as possible.
Why make the change?
There can be many reasons why as a Director of an Owner Management Company (OMC) you would want to look for a new Property Management Company. These can include an unsatisfactory overall service, slow to resolve issues, financial disputes and many other issues that can develop over time.
As with any industry, it is always best to shop around and see what other managing agents are offering. At the very least it never hurts to make a few calls.
How to choose a new management company?
There are many property management companies to choose from and with the right marketing, any and all can seem to be the ‘best’. But one thing money cannot buy is experience and customer approval. These are key when choosing your new property management company.
Look for similar developments to your own and see who is managing them. Then follow up and visit the development to see its current state. You can also talk with the current OMC for references and advice.
A solid management company should be able to provide proof of appropriate licences and registrations. You should also make sure they have the appropriate insurance in place and there are no conflicts of interest with other developments in their portfolio.
At the end of the day, you should be able to sit down and speak with your managing agent and know that your interests are aligned and that a quality service is going to be provided.
KPM Property Management
With over 25 years of experience in property management in Ireland, KPM Group is perfectly positioned to advise you, whether you own a multi-asset portfolio of commercial properties or a buy-to-let investment.
We understand that one package doesn’t suit everybody, so we are happy to work with our clients in tailoring a suite of options that suit their specific needs.
Our property management team will look after all the day-to-day issues for you, including finding and retaining quality tenants, rent collection, maintenance & repairs and compliance.
Contact KPM Group today and a member of staff will be happy to help in any way we can.
