Price the same scenarios
Ask each firm to explain the total cost of a new lease, a renewal, a vacant month, a repair, and ending the agreement. Check for leasing fees, minimums, administrative charges, inspection charges, maintenance coordination costs, and any other compensation. Compare each quote using the same assumptions.
Read the agreement closely
A.R.S. § 32-2173 requires management agreements to address material services, dates, cancellation provisions, handling of funds, owner reports, reserves, and compensation. Ask the firm to point to the language that answers your questions. Save the proposed agreement and fee schedule together.
Ask how work gets done
Request a sample owner statement and examples of the leasing, maintenance, and inspection process. Establish who your contact will be, how urgent requests are handled, and how spending is authorized. Arizona’s Department of Real Estate public database can help you review company licensing, the designated broker, and posted disciplinary information.
Check fit and the handoff
Discuss the property type, location, tenant status, and your preferred involvement. Understand how leases, keys, records, funds, and open repairs will transfer when management starts or ends. Choose based on a clear scope and workable service process. Obtain legal advice for agreement terms you do not understand.
Sources & further reading
General educational information. Requirements and individual circumstances can change; consult a qualified Arizona professional for property-specific advice.