How To Find A Good Property Manager
When you decide to let out a rental property, you are responsible for overseeing its maintenance and property management. There is a lot to consider when you take this on, and you may not have the time to do all of it yourself. To make sure that everything is taken care of properly, it might be wise to hire a property manager.
However, in the same way that you would review any potential tenants, you also need to screen property managers before allowing them control over, and access to, your rental property. So, read on for some top tips on how to find a good property manager.
What To Look For In A Good Property Manager
There are lots of elements to property management, so as part of the hiring process, you will need to establish that the candidate is capable of all the tasks you need them to handle. Here are 4 key points to consider:
Good Reviews And References From Other Property Owners
A good property manager will have a wide-ranging portfolio, so don’t be afraid to ask them for reviews and references from their other clients. If they’re not prepared to provide any, this could be a red flag.
However, just because someone has good references, this doesn’t mean they are the right fit for you – you will still need to ask questions about their experience and portfolio, as well as the duties they would carry out on your behalf. If they don’t provide what you’re looking for, they won’t be a good fit.
Relevant Qualifications And Awards
As well as good reviews, you also want to make sure that the property manager you are considering has the right qualifications and experience in managing the type of property you own. While they don’t require degrees, property managers will need a certificate from a tertiary institute or registration program, so ask to see proof of this as well. A respective property manager may also be part of a worker’s association.
How They Handle Tenants
One of the main responsibilities of a property manager is to liaise with tenants, so it’s important they are approachable but fair – will the property manager you are considering be able to evict a tenant if it comes down to it? They will be in regular communication with your tenants, from collecting rent to handling any maintenance requests, so ask them about how they’ve dealt with tricky renters in the past. A property manager worth their salt will also have reviews or references from past or current tenants that they don’t mind sharing with you.
Timeliness And Communication
You want a property manager who will communicate efficiently with you. While you are handing off the day-to-day responsibilities to them, you still want to be kept in the loop – what’s their preferred method of communication? Are they happy to have regular calls or meetings with you? This is something you can easily establish during an interview.
If you have any more questions or want help finding a property manager, make sure to get in touch with us at The Real Estate People. We have a wealth of experience and knowledge in property management and real estate. We are here to make your rental property a success. Call us at 07 4633 8899 for more information.