Checklist for Choosing a Property Manager
Do you treat your property investment as a serious business and want to maximise your returns? If so, then appointing the right property manager is vital. Your property is a valuable asset and should be tended carefully, taking into consideration your special needs and specific instructions. Poor choice can change a great investment into a troublesome asset. Don’t choose an agent with your decision based just on their fees – in today’s complex property market and legislative environment property management fees should be viewed not as a cost but as an investment! Professional and proactive property management can considerably increase the return of your investment.
Leasing Checklist
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What human resources has the agency allocated to leasing properties?
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Do the agency staff members personally show prospective tenants through properties?
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How does the agency market available properties for lease?
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Request some examples of recent internet listings? (looking at the quality of advertising & images)
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How much information is obtained from applicants for properties and what information is verified?
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Which Agent leases the majority of properties and has the largest selection?
Management Checklist
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What documented systems are in place for property management?
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What is your process for dealing with rent arrears?
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What is your process for reviewing & negotiating the rent on my property?
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What is your process for dealing with repairs and maintenance?
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What steps do you take to ensure that all contractors working on my property are properly licensed and insured?
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What steps do you take to ensure that all maintenance work is competitively priced?
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How frequently will you inspect my property?
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What is the experience level of the staff members who will be leasing and managing my property & how much ongoing training do they have?
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Do you send rent statements by email and deposit rental funds electronically?
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Which Agent has a Quality Assurance Accreditation to IS 9000?
Customer Service Checklist
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What testimonials or references do you have from satisfied clients?
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Do you provide a service guarantee?
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Does the agency have documented service standards?
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What back-up staff are there in the event my property manager is sick or on holidays?
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How frequently will you communicate with me and what form will it take?
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Does a Senior Property Manager personally check my Rent Statement prior to finalising?
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First National Real Estate Broome Property Manager Checklist for more information.
