When choosing a property manager you need to select someone who knows the law and is confident in applying the law. You need to choose someone who will pay attention to the finer details and continually strive to maximise the return on your investment.
Education, ongoing training programs and seminars are also important for a property manager to keep abreast of changing legislation and market conditions. Property management is no longer just collecting the rent; it is a comprehensive management service which should be provided by a professionally trained property manager.
What questions should I ask when engaging a property manager?
- How long have they been a property manager?
- How many properties do they manage?
- What formal training have they undertaken?
- What procedural systems do they have in place?
- Do they attend regular training courses to keep abreast of legislation and industry changes?
- Do they hand out keys to prospective tenants or do they accompany them to the property?
- Can they present you with testimonial letters from current and previous clients?
- What is their policy on managing arrears?
- When will you receive your money?
- How often do they carry out fair market rent reviews?
- How will they assist in maximising your return and optimising capital growth?
Our Property Management team at Ray White Carnegie are highly experienced and skilled to advise real estate investors on property management, leasing and how to get the best from your investments. Ray White Carnegie provide ongoing training to their team of property managers to ensure they are constantly up to date with changes to legislation. For peace of mind, experience, care and excellent communication, talk to the Ray White Carnegie property management team today about receiving the service you deserve.
This article courtesy of the Real Estate Institute of Australia