- Posted By Rebecca Bell
Sometimes we find owners spend too little time assessing the skills of their property manager and need to look beyond fees when choosing who will manage their investment portfolio. Property Managers frequently manage real estate portfolios exceeding the value of most financial advisors yet rarely receive such recognition.
The commitment required to effectively maintain properties and client relations along with legislative compliance is sometimes extra-ordinary. Yet, when choosing a property manager some landlords and investors look only at management fees, thinking that property management represents little more than the collection of rent.
Investors need to consider the systems and experience behind the agency that they are entrusting the management of their properties to. Professionally qualified and trained property managers bring so much more to the equation than rent collection. You only need to experience one problem with a tenant to begin to understand the importance of a comprehensive appreciation of the laws governing tenancy. Paying a slightly higher fee for a more professional manager makes a huge difference, even without a problem tenancy.
And, a good property manager does so much more than protect you from undue anxiety. They offer valuable advice about how to improve rental yields, guidance on when and where to invest and can even point investors towards the right place for advice about tax effective property investment for Self Managed Superannuation Funds.
One of the ways we set ourselves apart from our competition is the experienced support staff we provide. Not only do we have a dedicated Leasing Agent, Trust Accounts Administrator and separate Commercial department we also have trainee property managers supporting every day. This means as an owner you can maximise your returns with your property being leased quicker and you have the confidence knowing your property is being maintained all 52 weeks of the year even when your property manager takes annual or sick leave.
If you'd like some more information on how we can help you with your investment get in touch here.