The Differences Between Small and Large Property Management Companies

If you're a property owner, you know how much work it takes to keep everything running efficiently. According to 99 Firms, 35% of property managers handle 101 to 500 property units. It can be a difficult job to handle everything from tenant screening to maintenance and repairs for so many units. That's why many property owners turn to property management companies for help. However, not all of these companies are the same. Below are three differences between small and large property management companies to help you decide which size is right for you.

Personalized Attention

One of the biggest differences between small and large property management companies is the amount of personalized attention you'll receive. Small companies typically have a smaller portfolio of properties to devote more time and resources to each property owner. With a smaller business, you're likely to work closely with one or two people who are intimately familiar with your property and its unique needs. On the other hand, large property management companies often have a much larger portfolio of properties, which means they may not be able to provide the same personalized attention.

Cost

Another significant difference between small and large property management companies is cost. Small companies may charge less for their services since they have fewer overhead costs. Additionally, they may be more willing to negotiate their fees since they're looking to build their portfolio of properties. However, while large companies may charge more for their services, they may offer more comprehensive services and resources. For example, they may have access to bulk discounts on maintenance and repairs, which they can pass on to their clients.

Availability

Another difference between small and large property management companies is availability. Large property management companies typically have more resources and a larger team, which means they can offer 24/7 availability and support. This can be especially beneficial if you have tenants requiring frequent attention or dealing with a property emergency. If you opt for a smaller company, it's important to ask about their availability to ensure that you'll be able to reach them when needed.

While different sizes of property management companies come with different pros and cons, you'll likely find that a smaller company can meet all your needs while providing service that puts you first. No matter what type of property you manage, APM Real Estate will care for your property like it's our own. Contact us today to learn more about how we can assist you.