How to choose the right property manager

1 minute read

How to choose the right property manager

by Sam O Connor 13 November 2020 1 minute read

It’s important to choose the right property manager. Here are some questions that should be considered when choosing.

How to choose the right property manager
November 13, 2020
  • How many properties are allocated to each manager within the company? The industry standard is around 120-180 per property manager.
  • Get referrals by talking to landlords, tenants and neighbours in the area. What is the manager’s experience and track record?
  • How many properties do they manage in total? Have a look to see whether they are orderly and well-kept.
  • Are they inspecting the property at least every six months? Is there a rent review every 12 months?
  • How much do they charge? Are there extra fees?
  • What strategies do they have for an emergency, such as a hot water service breakdown, or a fire? Do they use licensed tradespeople on call?
  • Do they check tenants’ references for creditworthiness, past rental history and current employment?
  • Do they set rent at the appropriate market level?
  • How do they market the property to ensure to get it exposed to the maximum number of potential tenants?
  • Is the lease fair and comprehensive enough to protect your interests?
  • Does the agent lodge the bond with relevant authorities?
  • Are there strategies for removing disruptive or delinquent tenants? What is the success rate?
  • Does the company have good Google reviews?
  • How to choose the right property manager
    How to choose the right property manager
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    About the author

    Sam O Connor

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