What to Consider When Choosing a Property Management Partner
Category Advice
Choosing to invest in a property manager is choosing to maximise your investment. The knowledge and experience that come with partnering with an expert will be invaluable.
Here's what you should consider when choosing your property management partner:
Are they putting the focus on management?
This seems like a given, but not all agencies spend quality time on the management side of real estate. It's common for agencies to put most of their resources into property sales and let management take the back seat - junior agents are often picked for this job. Choose an agency that has effective management services as one of its top priorities.
Do they have a strong marketing strategy?
You want to be confident that your management partner will get you the best tenant applicants out there. Check out how the agency markets their listings to see whether they have an active online presence, are portraying their properties attractively, and whether it is easy for potential tenants to view their current listings.
How do they communicate?
You need consistent communication from your property management partner. You are going to be reaching out to the company frequently to deal with maintenance or complaints, so make sure they are efficient in their response. Poor communication from management services could hinder the relationship between you and your tenants - not ideal.
The best way to find out whether you can trust a management partner or not is to analyse how they respond to your enquiries. This will give you a good idea of their communication efficiency.
Find out more about how we can assist in managing your real estate so you don't have to.
Author: SAproperty.com
