Looking for an investment property?
Many people would look for a property manager after they have purchased the property. Our suggestion is to seek out and interview property managers as soon as you choose the location for your investment purchase.
One of the reasons for this is that good local property managers often can provide great insights into the better pockets and streets in the location.
You also are not left selecting a property manager as an afterthought which can mean making a poor selection, and leaving money on the table due to delays or poor negotiating skills.
A good property manager will not only save you time in finding a tenant, but also the worry and stress associated with managing a tenant and any repairs and maintenance along the way!
Property Management services vary in fees, and like many things in life, you get what you pay for. Property Management is typically a transient occupation, with a high turnover. Ideally you would be looking for a career property manager, a company that specialises in property management or working with the owner of the business.
Our partner in Property Education for over a decade and the Chairman of Property Investment Professionals of Australia, Peter ‘the Property Professor’ Koulizos, provides a few insights when selecting a property manager.