When shopping for a property management team for your rental property(s), what do you look for and how do you determine who will do right by you and your precious asset?
Chances are, if you already own an investment property, you’ve done some analysis to determine whether you should manage the property yourself, or employ a property manager, right?!
If you’re managing the property yourself, there are a number of good reasons why outsourcing the work to experts should be part of your investment strategy. But that’s another post for another day…
So, let’s imagine that you’re looking to appoint a property manager, either because you think it could be done more efficiently, or because you’re just not quite happy with your present service or provider.
Where to start? Let your fingers do the walking and call tHicks Real Estatee local-area agents and see what happens from there. Here are tHicks Real Estatee key variables you may want to consider: Responsiveness, price and care-factor.
Responsiveness. It can tell you a lot about a person, or a property management team, for that matter. Responsiveness tells you about hunger for your business, available resources and it’s an indicator of how a property management team will treat you and you tenant. Above all, responsiveness is an indicator of a property manager’s care-factor.
Price. It is true: you get what you pay for. And there is a fine line between a competitive price and a discounted price. But those property managers who trade on discounts may not deliver too strongly on quality service and is a serious consideration.
Care-factor. This is the stuff that that delivers on optimum rent returns, low vacancy rates, timely communication and sound decision making. Not to mention efficient and effective reporting to ensure tax time for you is a happy one. You know when people care. Enough said.
When looking to appoint a property manager, you can scour their website, analyse testimonials and believe their promises, but in the end, what you’re looking for should be a team who are consistently responsive, trade their services for a fair price and actually care about their impact upon you and your property.
Perhaps you’d have more to lose if you didn’t let your curiosity in a little. The team at Hicks Real Estate know we can give your investment property the attention it deserves and would love the opportunity to explain further.
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Hicks Real Estate Team
Hicks Real Estate is a Brisbane based, full-service real estate agency supporting buyers and sell as well as renters and property investors. With almost 20 years experience in the local market, we are the real estate experts you can rely upon.
