When choosing a property manager, go for experience, not low fees
When I’m talking to clients, I recommend that they choose the property manager they can see themselves working with for the next five years.
Your property is usually not a short-term investment so you need to be working with someone who is compatible, someone you feel you can trust to have your best interests at heart.
You should ensure the property manager has a good reputation, is hands-on, proactive in dealing with tenant issues, and knowledgeable about current market conditions and achievable rents.
When they recommend an achievable rental price, they should have the evidence to back it up. We regret to say that some property managers will inflate the potential rent to get your business.
Importantly, the right property manager will have an extensive and up-to-date knowledge of the market and current legislation.
Finally, are you choosing a property manager based on the lowest fees? This could end up costing you more in the long run as your property most likely won’t get the regular care it needs to be maintained as a suitable rental property.
Free Property Management Advice, talk to an expert now!
Are you a landlord looking for advice? Do you have questions about these uncertain times? Changes to the rental market or anything specific to Property Management? Book a one-on-one, obligation-free, consultation with Jaime Pratt, Head of Property Management at Vogue Property Managers.
Book your session now:
https://vogueproperty.com.au/team/jaime-pratt
With over 20 years of property management experience, Jaime will openly provide advice on improving rental return, enhancing your property, attracting quality tenants and finding ways to alleviate your expenses.
