We understand how important an investment property is. We know that a lot of time, effort and money goes into these spaces.
Which is why it is so important to make sure you find the right property manager for you – but how do you pick?
We’ve pulled together a few simple characteristics you look for when hiring your next property manager.
An experienced property manager is a good one! Property managers need to have a good know-how about the industry, the area and you. Working with someone who lives and works in the area your investment property is located in in gives you access to inside knowledge. They know the area and, provided they’ve taken the time to learn about you, they are more likely to find you the perfect fit.
Any property manager worth their salt will have a clear focus and drive. The client is obviously a main priority, but it needs to go beyond that to show real commitment. For example, here at Property Solutions 101, we are maintenance focused. We conduct routine inspections with licensed tradespeople. This preventative approach aims to reduce upkeep costs of problems that may arise in the future – saving you time and money. A property manager whose only focus is making a profit for themselves is not worth your business.
As human beings, we have been taught to follow our gut feeling. It goes without saying that a property manager who is closed off and unhelpful, is probably not your best option. You need to instead consider someone who is excited about your business and will treat you like a priority. We believe that showing our clients care and respect creates an element of trust and mutual understanding – which is essential in any professional relationship. (Click here to read an example of what we mean!)
Obviously, there are many more factors to be considered, such as your budget, the specifics of your property goals etc. – but these basics are a good starting point.