What to look for in a Property Management in 2023
As a property owner, finding the right property manager is crucial to the success of your investment. A good property manager can help you maximise your profits and ensure your property is well-maintained, while a bad property manager can lead to many issues and cost you valuable time and money. With so much at stake, knowing what to look for in a property manager is essential.
Here’s what to look for when you’re choosing your property management team:
1. Experience
Look for a property manager/property management company with a proven track record of success. Experience is key when managing properties, as it means they have the knowledge and skills necessary to handle any situation. When you’re researching your property management company, make sure you speak with the BDM in depth about their record of success and managing properties like yours specifically.
2. Communication
Good communication is essential in any business relationship, and property management is no exception. Look for a property manager who is responsive, proactive, and keeps you informed every step of the way.
When you’re going through the process of deciding on which property management group to trust with your biggest asset, make sure you take note of how responsive and proactive they are.
3. Attention To Detail
4. Knowledge Of The Local Market
A good property manager should have a deep understanding of the local real estate market, including rental rates, vacancy rates, and any trends that may affect your property’s value. Question the company representative about the current market climate and their knowledge of your suburb. Check out the company’s social media and website presence too as good property management companies will provide regular updates.
5. Proactive Approach
A proactive property manager is always looking for ways to improve the value and profitability of your property. This trait could include suggesting upgrades or improvements or attracting high-quality tenants.
At Housemark, our property managers embody all of these qualities and more. Our Managing Director, Jonathan Bell, is a seasoned professional with over a decade of experience in the industry. He and his team are committed to providing the best possible service to our clients and are dedicated to staying up-to-date with the latest industry trends and best practices.
When it comes to property management, there’s no substitute for quality. At Housemark, our experience, attention to detail, and commitment to excellence make us the best choice for property owners in South East Queensland. Contact us today to learn more about our services and how we can help you achieve your property management goals.