Whether you are new to property investing or have an extensive portfolio, having the right property managers in place is essential.
Here are 5 key things you should look for in a property manager:
Expertise and Reputation
Seek out a property manager with a proven history and experience in overseeing properties comparable to yours. Evaluate their reputation and reliability by checking reviews, references, and recommendations from other property owners.
Local Knowledge and Property Insight
Ensure your property manager possesses a comprehensive understanding of the local real estate market and rental regulations. They should offer insights into rental trends, pricing dynamics, and factors specifc to the neighbourhood.
Communication and Responsiveness
Effective communication is paramount. A reliable property manager should be easily reachable and responsive to both you and your tenants.
Inquire about their communication procedures, including how they handle maintenance requests, emergencies, and tenant concerns.
Tenant Screening and Management
Learn about their tenant screening approach to guarantee the selection of responsible and dependable tenants. Evaluate their strategies for managing rent collection, lease renewals, and addressing tenant issues or disputes.
Financial Oversight and Reporting
Your property manager should furnish transparent financial reports, encompassing monthly statements, income, and expenses. Inquire about their approach to rent adjustments, managing non-compliant tenants, and their capability to maintain the financial integrity of your property.
Your property manager can prove to be a huge asset in ensuring increased rental returns. They can be a valuable source of knowledge on maximising rental yield and attracting the right tenants for your property. The Agency's Property Management pillar are party of a truly national business, our reach extends from coast to coast. This affords us an unparalleled depth of knowledge in every market across Australia.
Get in touch with The Agency Property Management team today.