A professional property manager Adelaide is very much helpful in doing due diligence on a property. However, it is not the only reason you should spend on it. Want to know further about it? Well, read the blog up to the end and you will know that.
Know thy property manager
You should know everything about the property manager. Where is he located? Who is availing of the services now and who has availed the services so far?
How close or how far is the property manager located near your house? A better idea is to choose a manager who is situated locally. Also, you should see whether the property manager manages similar properties or not. Of course, it is not a ‘make or break’ criterion, but an important one.
What marketing methods does he use?
Every property manager has some preferred mode of advertising. What channels are being used by the property manager? Marketing is not a rocketscience, of course, but it requires some strategic planning and systematic working. Your property manager should have a plan in place, not just to place your property but to change its positioning regularly. Based on the average turnaroundtime, the property manager should give the unit on rent as soon as it gets vacated.
One important milestone is the lease signing. It establishes a relationship with the new tenants. It also sets expectations for that. The property manager should communicate your policies about rent collection, rent agreement, rent increase, or eviction with the proposed tenants. You require something to stay on top of repair needs and take care of timely and economically.
How does a property manager manage emergencies?
When you hire a property manager who offers a safe and serviceable environment for the tenant. Some managers keep a round-the-clock available contact number for clients.
The property manager’s primary tools are screening and leasing. It ensures that your property brings high-quality renters. Does the property manager use a process for screening potential tenants?
If yes, then there are comprehensive reports such as credit reports, background checks, verification reports, and so on. He should use an automated calling system to call potential tenants.
Rent collection method
Does your property manager have a stringent process for rent collection? Does he use a systematic rent collection procedure? Does he use a physical check? Does he use online payment?