Transitioning Property Management Companies: What Braden Equities Inc. Requires

Posted by Braden Equities Inc. on Oct 31, 2017 9:44:00 AM

Transitioning Property Management Companies: What Braden Equities Inc. Requires

Are you feeling underwhelmed by your current property management company because they aren't delivering on their promises? Is your apartment building suffering from maintenance issues, high turnover, or high vacancy? If you think a change in property management companies is a step in the right direction, you could be on to something.

If you're looking for a new property management company in Edmonton, Braden Equities Inc. has the experience and expertise to normalize your apartment and increase your profits. We've been in the property management business for more than 40 years, sharpening and honing the skills of our professional team. We ensure our management style is tailored to your unique needs because we believe in quality over quantity.

Your First Steps with Braden Equities Inc. 

If you're looking to transition to Braden Equities Inc., knowing the answers to these next few questions will help ease your transition. If you don't know the answers, then it may not be the best time for you to switch property management companies.

These questions are part of our onboarding process and help us get to know your needs, preferences, and attitudes.

Why have you decided to make a change in property management companies?

This question will help us get to know you a bit better, along with possibly pinpointing some of the issues your apartment building is currently experiencing. If the change is born of clashing personalities, it will help us get a sense of who you are as an investor.

What are the most important aspects of owning your own property?

Here, we'll establish how you like your property to be run, what's most important to you, and what your goals are. Do you like being a hands-off investor, leaving us mostly free to manage it, or are you hands-on, needing a say in every aspect of your investment? Knowing what you prefer will allow us to tailor our management style to your tastes.

When would you like to make the turnover?

If you want to change property management companies, we need to know when you want that change to happen, so we can get our ducks in a row.

What items would you like to see better improvements in?

Essentially, what do you want to change about your apartment? What about your building's performance needs to be addressed? It could be anything from vacancy rate, high expenses, reoccurring repair and maintenance issues, or even the lack of communication between yourself and the property management team.

Who currently manages your project, so we can ensure a smooth transition?

When you change property management companies, you want to make sure there is a smooth transition from one to the other, so your apartment and tenants don't suffer. When you tell us who is currently managing it, we can talk with them and pick up right where they left off.

Read More: A Guide to Choosing the Best Property Management Company

How did you hear about us?

This question is more so for our benefit. We're glad you came to us with your valuable investment, but we'd love to know where you heard about us.

All of our property managers are licensed. Is there anything else you require in a property manager?

Your past experiences with property managers will dictate your answers for this question and show us more of what you require and appreciate from our team. Maybe transparency and communication was a big issue for you in the past, or you could prefer a property manager who's more attentive to the small details.

Lastly, what are your short-term and long-term goals for the property?

Seeing your vision for the property now and in the future will show us where you want to eventually get to. When we know these goals, we can work with you to create a plan that will help you get there.

If these onboarding questions have you scratching your head, now may not be the right time to change property management companies. If you can answer them, you know what you like, what you don't, and what you want. Knowing that helps make the transition easier and determines if our team is a good fit for you.  

Topics: Property Management

With nearly 40 years in business, Braden Equities Inc. is one of the premier property management companies in Edmonton and the surrounding area. Our management style is tailored to the unique needs of each one of our clients, and we work as a team to ensure that every project is treated with the care and attention it deserves. We pride ourselves on having the best staff in the industry, backed by strong, proven management systems that deliver results. We firmly believe that paying attention to the details can make all the difference.
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