REI WEALTH MONTHLY Issue 37 | Page 84

HIRING AND MANAGING PROPERTY MANAGERS  BRUCE KELLOGG
Property Management Interview
1.)    Management Agreement
        ­obtain copy
        ­discuss terms
2.)   What is the "owner's reserve" requirement?
3.)   Reports
       ­frequency of issue
       ­What do they look like? (contents and samples)
4.)   "Owner's Draw" ­ Remittances to Me
       ­When?
       ­Direct deposit to my bank possible?
5.)   Gardener
6.)   Exterminator
7.)   Applications
       ­credit report
       ­employment history
       ­references
       ­acceptance criteria
8.)   Rental Agreement
       ­Smoke Detector
       ­Water Heater
       ­Lead­based Paint
       ­Megan's Law
       ­Mold
       ­Bed Bugs
       ­Carbon Monoxide Detector
       ­"House Rules"
9.)   Repairs
       ­Billed to Manager, or me?
       ­Approval limit ($200???)
10.) Occupancy Limits? (How many people?)
11.)  Vehicle Rules and Towing