6 Tips On Selecting The Right Property Manager

Do you self manage a rental property? Are you looking for a new Property Manager?

These 6 simple steps are what every owner needs to know to help them select the RIGHT Property Manager.

Owning an investment property is important in building your financial future and therefore you want a Property Manager who is able to help you minimise your risk and maximise your return.

1.       Look Locally

When it comes to real estate, local knowledge is crucial. From knowing how to attract tenants, to setting the rent at the right level and having contacts with trusted tradies, a local property manager gives you a big advantage.

2.       Do your Research

You can find a wealth of information about the property managers in your area online. Check out their websites, facebook, google business page, Instagram and other online portals. Read customer reviews to get some honest opinions from fellow investors and tenants.

3.       What is their Point of Difference

Most property managers/agencies will offer the same services, ideally try to choose agencies that only specialize in Property Management that way you will know exactly what you’ll be getting for your money. But really dig deep and ask them what sets them apart from other agencies.

4.       Look at costs

Ask about their fees, but remember that it’s not the only factor you’ll need to take into account. The old saying that you always get what you pay for holds true in property management so beware and ask what are inclusions and what are extra’s.

5.       Service Guarantee

This is very important, if an agency offers a service guarantee then they are holding themselves accountable to the client.

6.       Ask lots of questions

Knowledge is power. Asking lots of questions will show the depth of their knowledge and their commitment to giving a good service, while also demonstrating how they communicate.

The right Property Manager will do more than give you someone who can collect your rent. They will help you maximise your investment. They will provide their knowledge on the laws and legislation of Real Estate, find and screen suitable tenants, conduct inspections and organise maintenance work, when required.

So if your looking for your next Property Manager, Marsha is up-to-date on all the current legislation and can assist with any of your property management questions. Take a look for yourself at the positive Reviews. Give her a call today 0466 517 166.