If you are the property owner of a large apartment building or multiple properties around New York City, you may require a resident manager to assist you. However, you should take extra care when hiring a manager and follow necessary protocol to get the right man on the job. The best way to start looking for the right resident manager is to list down their duties and functions. You should also decide on how much you are willing to pay and what their schedule looks like.
Finding the right professional
After you have listed down the manager’s responsibilities, pay, schedule and hours, you can send out an ad looking for prospective managers. When you are contacted about the job, be honest about your expectations and start the process with a phone screening. After you have gathered adequate details, you can call them for a personal interview. If you find any potential candidates, start with a thorough background check for their employment history and other essential details. It is also a good idea to check for their credit score and how they handle money and debts.
After you have chosen the right resident manager, you can prepare a written agreement between the property owner and the manager and list all the terms and conditions. You can also prepare a separate rental agreement. Speak with your lawyer to ensure that all paperwork is in order and you are sufficiently protected from any mishaps in the future. Ensure that you also read up on the laws on hiring resident managers in your state and follow them to the word to prevent legal complications later on.