Property Management Blog

When Choosing Property Management in Michigan, Does Size Matter?

Chris Garner - Wednesday, April 18, 2018

Companies performing property management in Michigan come in a variety of sizes. If you've never used a property management company before, how do you know which size firm will serve you best?

If a Detroit property management company is a small or family-owned business overseeing a low volume of properties, it might be able to offer a level of personalized service you wouldn't expect from a larger company that manages thousands of rental units. A smaller company may be so pleased to have your business, it will go out of its way to keep you. If you like feeling at home in your professional dealings, with well-developed one-on-one relationships, this may be the route for you. But there may be drawbacks, as well.

Michigan property management companies dealing in larger volumes will no doubt have more resources at their disposal for handling the many legal, insurance, maintenance, and tenant issues that are a natural part of day-to-day management. You may feel more protected with the assets of a larger company at your back. Also, you'll have the assurance of knowing there's no problem with which they haven't already dealt. There's also a good chance that you'll be able to develop a good working relationship with the manager assigned to your property.

No matter which size company you end up choosing, make sure it is licensed, insured, has a reasonable fee structure, and is responsive to the needs of tenants and Michigan property owners alike.