Working with a property management company to handle your rental homes can be highly beneficial to you, and can give you peace of mind from knowing your property is being expertly managed. The good news is there are several options awaiting you.
Before you decide which property manager to hire, consider the following:
Property Management Focus
First and foremost, the company you hire should specialize in property management sydney. Avoid those companies that are only into property management as a supplemental part of their real estate business. It's pretty simple to tell just by looking at their websites and seeing what the focus of their homepage is. Does it list homes or represent buyers? If so, the company is likely not very concerned regarding leasing and management, and you may be risking longer vacancies, along with insufficient attention to issues such as repairs, delinquent clients, and the like. Of course, that's not what you want.
Volume of Current Leases
A successful property management firm is actively pursuing business and has a lot of of inventory in their local area and surrounding cities too. Surely, some companies are bigger than the others, meaning lease inventories are going to vary. However, as a rule, having less than 30 rental homes for lease at any point in their portfolio should make you cautious about entrusting your property or properties with them. A company that has no inventory is either so small and unlikely to stay in the market for long; or their operations may simply be focused on things other than property management.
One-man vs. Team Management
If the person selling you on the Airbnb management Sydney services is the same one who acts as a leasing agent, collections department, accounting division and customer service staff, watch out! Expect to be annoyed and frustrated when the guy doesn't respond to your calls or tend to your investment property as needed. This individual may have good intentions, but it requires an entire team of people having different specialties to effectively manage a portfolio of investment properties.
Real estate companies that aren't property management specialists usually don't bother to advertise in places that actually count or invest in superior quality advertising programs. They would rather concentrate on that aspect of operations that is actually their area of focus.
A reliable property management company has a clean and clear contract and will explain every single provision to you, the client, including all the fine print. Lastly, be careful with companies that use generic contracts. This is a clear sign of their lack of seriousness in running their company, and automatically a clearer indication that they will lack seriousness in managing your investment property as well. Know more about property manager in http://en.wikipedia.org/wiki/Property_manager,