Four Steps To Finding The Right Property Manager
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Check For Attention To Detail
An experienced property manager should have strong attention to detail. With so many dates and deadlines involved in owning an investment property, you want someone who proactively looks after everything from advertising your property and securing new renters to routine inspections and compliance matters such as safety inspections. Further, property managers deal with renters every day, so they know the little things people are looking for in a rental property. Having an expert who can highlight these in their communications and at property inspections can make the difference between finding dream renters in days, not weeks. |
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Systems & Processes
Finding a property manager with all the right systems and processes in place will give you peace of mind. Similar to having strong attention to detail, the best property managers will have all of the systems and processes set up to ensure everything is done on time. Think things such as automated processes such as processing rental payments and producing rent receipts, to reminders for routine inspections. |
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Market Knowledge & Insight
A key benefit of an experienced property manager is their market knowledge and insight. By working with someone who knows the area where your investment property is located, you can strike a balance between maximising your rental pricing and finding new renters quickly when the need arises. Further, when it comes to renewing the lease with current renters, your property manager will be able to confidently advise if a rent increase is appropriate and how much it should be.
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