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How do you choose a reliable property manager?
A trusted property manager will play an important role when managing an investment property in Sydney. A reliable property manager has knowledge of local market trends and can maximise weekly income and supply top quality tenants who can maintain your investment property. If you are determined to own a property, then we recommend to hire a property manager in your local area of Sydney to represent you and manage your property.
Once you’ve got shortlisted a number of potential property managers, it’s necessary to meet them individually to compare their property management services and to chat to them about rental returns. Questions To raise once Interviewing a Property Manager in Sydney Does your agency have an infatuated property management department? Some agencies will not prioritise the task of property management and will hire inexperienced front table employees or receptionists to do a property managers job.
It is vital for you to check whether the agency has dedicated employees to effectively manage your property. Is a director/owner of the agency overseeing the property management department? How focused is that the agency on property management? You should ensure you choose an agency that takes property management seriously.
This is your valuable asset and needs to be managed by a reliable property manager. Is the owner of the business heavily involved in the management side of the business? How many years of expertise does the property manager have? Experienced property managers are required to obtaining quality tenants and dealing professionally with any issues that may arise. Can your property manager in Sydney give you a written comparison on rental values within the market? A real estate agent who has a wealth of knowledge of the local area will be able to easily provide you with a comparable market analysis.
An industry leading property manager can offer an accurate market appraisal to ensure that you receive maximum rental returns. How does a professional real estate agent review potential tenants? How do they verify whether or not the tenant is appropriate for a property? Do they conduct police checks, or checks concerning their past rental history, current employment, etc? How many properties does the property manager manage? Are they representing several others, thence being honourable and successful? Bigger isn’t always better when managing investment property.
A professional property manager will manage a smaller portfolio to ensure special attention is provided to each and every property. Will your property manager represent you at the Tribunal? In the case that you experience difficult tenants, your property manager will need to attend court on your behalf to represent your case. A reliable and experienced property manager will need to be hired to be able to step up in these circumstances.
Does your property manager advise you when a maintenance issue arises? In the event when maintenance issues arise, you will be trusting that your property manager will use their common sense before arranging repairs. Once you have chosen the real estate agent to manage your most valued asset, you should make sure you are clear on all their fees and charges so there are no nasty surprises.
For more information about our customised property services, please contact us at our North Shore office in Sydney on (02) 9199 7501
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Meet Liza Freitas - Your Property Specialist
Liza Freitas, Managing Director of Exclusive Property Group, has extensive experience in property, specifically in residential property sales and property management.
Liza began her career working alongside some of Sydney’s leading property agents. And it is this unique mentoring, from successful and well known property specialists, that helped enhance Liza’s professional instincts and facilitated the development of her extensive knowledge and understanding of the property market.