Top 7 Things To Look For When Hiring A Property Manager in West Virginia
Your relationship with a property manager is among the most important in your life—it needs to be built on professionalism, communication, and most importantly trust. Here in West Virginia, there are a few legal nuances to consider before signing on with a management company. These are the top 7:
1. Familiarity with West Virginia Property Laws and Regulations
Why it matters: West Virginia has specific rules around landlord-tenant relationships, security deposits, and eviction processes. A knowledgeable property manager should be familiar with these laws to avoid legal pitfalls.
What to ask: Can you explain how you handle evictions, tenant communication, and security deposit returns?
2. Experience with Local Zoning and Building Codes
Why it matters: Zoning laws and building codes vary by county and municipality in West Virginia. A property manager experienced in dealing with these regulations can help ensure compliance and avoid fines or issues with local authorities.
What to ask: How do you ensure compliance zoning and local building codes?
3. Familiarity with local Eviction Process
Why it matters: While we never want to evict anyone, it is a really of being a landlord. Thankfully, eviction laws in West Virginia are generally favorable to landlords but there are still specific steps, including providing proper notice periods. A property manager should be able to navigate these issues and explain how they do so, especially in cases of non-payment or lease violations, without breaching tenants' rights.
What to ask: Can you walk me through your eviction process? How do you handle late payments or non-payment of rent?
4. Tenant Screening Process Tailored to West Virginia Laws
Why it matters: Tenant screening must be compliant with both federal and state laws, including fair housing regulations. West Virginia also has some specific considerations, such as ensuring tenants are informed of their rights and obligations (this can be done in the lease agreement).
What to ask: How do you screen tenants for criminal background checks, creditworthiness, and rental history?
5. Comprehensive Insurance Knowledge
Why it matters: West Virginia requires specific types of insurance depending on where a residence is located, particularly in areas prone to flooding.
What to ask: Do you ensure properties are properly insured according to state regulations? Can you help me navigate getting flood insurance?
6. Knowledge of Local Tax Requirements
Why it matters: Taxes in West Virginia vary by locality. Property owners may also need to handle rental income taxes. A property manager should be familiar with these tax obligations and help ensure compliance.
What to ask: Are you familiar with local property tax rates and rental income taxes in West Virginia? How do you help property owners stay compliant with tax laws?
7. Ability to Provide Detailed Financial Reporting
Why it matters: Property owners in West Virginia, like elsewhere, need clear and accurate financial reporting for tax purposes, investment analysis, and general transparency.
What to ask: How do you provide financial reports? Can I access a portal where I can see rent collections, expenses, and maintenance costs?
These are just the first steps of creating a lasting and lucrative relationship with a property management company. Thankfully, here at LLPM, we can answer all these questions with ease! Reach out for more information if you are looking for help managing your properties.