A property manager not only oversees your assets, but they are also a reflection of you to your tenants.
There’s so much responsibility when it comes to real estate. Most of the time, taking this on yourself seems impossible. That’s where we come in. We pride ourselves on providing start to end property management services so that you don’t have to stress.
When it comes to choosing the right property manager for you, how do you know you are choosing the right one? Remember, a property manager can either make or break your investment.
There are certain qualities that you should look for in a property manager. Here are some tips to help you choose the right property manager:
1. Research is your strongest weapon
The biggest database of property managers in your area and reviews for each of them are usually found online. Use your time to research these managers. Look for honest opinions from others and use this information to help with your decision. Once you have a few names ready, look up their mission statements and find what people are saying about them on Facebook or Google.
2. Local is better
It’s best to work with a local property manager or simply someone with experience in your area. Here’s why:
History in the Area
A manager who has history and experience with other local properties in your area usually has a good grasp on renting and attracting tenants.
A local property manager will likely be more aware of how competing properties rent out their units or houses. Their knowledge of this can help you adjust the rent to the perfect level.
Real estate involves selling a “lifestyle”. A local property manager will have more information on zoning, schools, routes, and general lifestyle in your area.
3. Count on word of mouth
Talking to people you already trust is a fantastic way to search for a reliable property manager. Don’t be afraid to rely on word of mouth. Feedback based on the experience of others who have actually worked with them is always genuine.
Remember, don’t take recommendations blindly. Find out more by asking about what makes the property managers good or bad. And if they parted ways, ask why.
4. Trust yourself
The most important factor to consider when choosing a property manager is yourself. What kind of traits do you value in someone you work with? Does the property manager have these traits? You should be comfortable working and communicating with your potential property manager. Assess if you think they are capable of providing what you need and use the questions above to help guide you in choosing a property manager.
5. Questions are always good
Finally, interview your shortlisted managers. Some people may seem like a good fit on paper, but it’s not the case when you actually get to work with them. Asking questions not only allows you to evaluate the property manager on their ability, experience, and standards, but they can also help you get a better understanding of how you can work together.
Finding a reliable property manager takes time. You’re looking for someone who won’t only protect your rental property but can help you grow your investment. Want to find a property manager that will give you peace of mind? Contact the Property Management experts in Buderim to find out why we’re the property manager locals trust.