Once you start researching about property manager, amongst the most common question is if hiring one is worth the money. If your initial thought is no, then this article is for you.
Real estate property owners have considered making money from their properties by renting or leasing it out to tenants. Since property owners have no idea how to do that or they are busy because of other endeavours, they hire a property manager to manage the estate. If you are thinking of hiring one but you have no idea where to start, what to ask, the qualities you have to look for and other various questions you might have, continue reading.
Is hiring a property manager worth the money?
The answer is a resounding yes! You might think that you could fulfill the roles and responsibilities of a property manager and that you would rather keep the money to pay for one. A property manager’s obligation is not only limited to collecting rent from tenants. It is so much more and for the inexperienced, it would be troublesome since you would be responding to all the queries and complaints of the clients.
Where could I find a good property manager?
Since the industry is booming, you would not have a hard time finding a good property manager. The only thing you need to do is filter the applications of the property manager because you would be overwhelmed with the numerous possible applicants. One of the tell-tale signs is to check Brisbane property management reviews from the clients. This is how you filter the good ones from the bad ones. Of course, you could not find one that only has positive reviews. This is normal, though ensure that the positives still outweigh the negatives.
What are the qualities that a good property manager must have?
A good property manager must have exceptional verbal and written communication skills, commendable customer service skills, detail oriented and organized, proactive and with marketing expertise. The marketing experience is a necessity since they would need to advertise and offer the property to prospective tenants.
What are the essential questions to ask a possible candidate for the position of property manager?
When you are interviewing a property manager, there are essential questions that you have to ask such as how many properties they are currently managing because you need to know if they would have sufficient time and energy to manage your own. Of course, when they are handling numerous properties it means that they are good because a lot of clients trust them.
But if they are spread too thin, there might be some issues in your property that they might neglect since they are busy with other properties. Ask them also about their years of experience, their expected salary and the services they could provide you aside from the usual (i.e. marketing, handling delinquent tenants, interstate or international investments).
If you have other questions, it is recommended that you still do more in-depth research but, in the end, you would truly benefit from a property manager.