Investors are focusing on fees rather than key skills when choosing a property manager, according to one industry stakeholder.
This month’s First National annual Property Management Conference centered on issues related to the effective management of millions of dollars worth of national investments.
Changes to Australian tax law have resulted in increases in property being acquired for Self Managed Superannuation Funds (SMSFs).
However, when choosing a property manager with knowledge of tax-effective property investment and SMSFs is crucial for investors who aim to buy under these changes. They should not simply look at how much they charge.
Professionally qualified and trained property managers bring so much more to the equation than just rent collection, First National Real Estate property and marketing manager, Amanda Kohler said.
“The commitment required to effectively maintain properties, quality client relations, legislative compliance and excellence in customer service is sometimes extraordinary or even super-human,” she said.
“Investors need to consider the systems and experience behind the agency that they are entrusting the management of their properties to.”