Powered by MOMENTUM MEDIA

How to choose the right property manager

management
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
Advertisement
Advertisement
l>
  • 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
    spi logo

    About the author

    Sam O Connor

    ... Read more

    From the web

    Website Notifications

    Get notifications in real-time for staying up to date with content that matters to you.