How to Find the Right Property Manager for Your Investment Property
A good property manager is the backbone of a successful investment property. They help maintain and maximise its value while ensuring your tenants are happy and your compliance with legal obligations is seamless. Here’s how to find the right fit for your property.
Step 1: Do Your Research
Start by asking for recommendations from fellow property investors or searching online for local property management companies. Look for managers with strong reputations and glowing reviews. Checking online directories and industry associations, like the Real Estate Institute of Australia (REIA), can also narrow your options.
Step 2: Evaluate Their Experience
Experience speaks volumes. Look for managers who specialise in properties similar to yours, whether it’s residential, commercial, or strata. An experienced manager will understand market trends, have established relationships with tradespeople, and know how to handle tenant disputes effectively.
Step 3: Assess Communication Skills
Clear and timely communication is non-negotiable. A property manager who keeps you in the loop about rent collection, maintenance issues, and tenant feedback ensures a smooth experience. During the interview, note how responsive they are—good communication starts from the first interaction.
Step 4: Ask the Right Questions
Prepare a list of questions to gauge their capabilities. Ask about their maintenance process, tenant screening criteria, and how they handle arrears or disputes. A proactive manager will have clear policies and examples to share.
Step 5: Check References
Don’t skip this step. Speak with other landlords who work with the property manager and ask about their reliability, efficiency, and ability to solve problems.
With the right property manager by your side, your investment property will be in capable hands, allowing you to enjoy consistent returns and peace of mind.
These articles are general in nature and are not financial or legal advice. Please consult your professional financial and legal advisors before making any decisions.