Residential property management companies differ in terms of the services they offer, their management approach, size, cost, and technology usage. Some differences include:
Services offered: Some companies offer comprehensive property management services while others specialize in certain areas such as leasing or maintenance.
Management approach: Some companies adopt a more hands-on approach, while others rely on technology to manage properties.
Size: Larger companies tend to have more resources, staff and may have a broader range of services but may have less personal attention to individual properties. Smaller companies are often more hands-on and personalized but may have limited resources.
Cost: Different companies charge different fees based on their services and overhead costs.
Technology usage: Some companies are tech-savvy and utilize technology for tasks such as rent collection, maintenance requests, and property marketing. Others may be more traditional and rely on manual processes.
Ultimately, the choice of a property management company will depend on the specific needs of the property owner and their preferences for services, cost, and management approach. If you would like more information on how Capstone’s services to help you determine if our management style is in alignment with your preferences, schedule a quick discovery call here.