Whether you’re a seasoned investor or a first-time property owner, our leasing services are here to enhance your property’s return while giving you peace of mind that your investment is in good hands. We save you time and focus on fostering long-term tenant relationships for lasting success.
Things to ask when picking your Property Management Team
- Does the real estate maintain a dedicated property management department?
Some real estate agencies may place a disproportionate emphasis on sales, relegating the responsibilities of property management to those who may lack specialised training. It is essential to determine whether the agency possesses a dedicated team of professionals with substantial expertise in property management, ensuring that your property will be managed with the attentiveness and proficiency it warrants. - Who is supervising the property management department?
Understanding the level of oversight that the agency provides to its property management operations can serve as a vital indicator of its effectiveness. Agencies that prioritise property management through direct supervision by a director or owner are generally more adept at navigating the complexities involved in the management of your asset. - What experience does the property management team have?
Experienced property managers are typically equipped with the nuanced skills necessary to attract high-calibre tenants and handle any challenging situations that may arise during the tenancy. Therefore, it is beneficial to gauge the depth of their experience in this field. - Can you provide a detailed written analysis comparing rental values in the current market?
A well-informed agent should possess the capability to benchmark similar rental properties within the market and offer informed recommendations on the optimal rental return for your investment, thereby maximizing your financial potential. - What thorough procedures do you follow when evaluating potential tenants?
It is prudent to inquire about the agency’s comprehensive process for assessing tenant suitability. This may include conducting background checks, meticulously reviewing past rental histories, and confirming current employment statuses to ensure a reliable tenant selection. - How many properties are currently under the team’s management?
Familiarising yourself with the scope and scale of the agency’s portfolio can provide valuable insights into its reputation and track record of success. However, it is equally crucial to ensure that your property will receive the dedicated attention and tailored services it deserves amidst a larger management portfolio. - Will you be prepared to represent me in court if necessary?
In instances where disputes with difficult tenants may arise, the need for legal representation becomes imperative. Thus, it is essential to ascertain that the property manager you select possesses the requisite legal acumen and is willing to advocate vigorously on your behalf, ensuring your interests are effectively protected. - What are the fees?
Inquire about management fees and if any additional charges might be payable. Typical costs at a minimum should include finding you the best tenant, overseeing all rental collection, arranging repairs and providing all the financial documentation among other services.
