What good property managers do (and how to spot them!)

Property management can carry a rather simplistic stigma. That it’s nothing more than collecting rent, filling vacancies, and organising tradies for repairs or maintenance. They’re all easy tasks anyone can do, right?

Date:

24-Oct-2019

Category:

Lifestyle

Tags:

Author:

Amanda Smith

What good property managers do (and how to spot them!)

Property management can carry a rather simplistic stigma. That it’s nothing more than collecting rent, filling vacancies, and organising tradies for repairs or maintenance. They’re all easy tasks anyone can do, right?

Well, not so fast.

It’s not just about skill, but also time and dedication. Also, it requires so much more attention than the tasks mentioned above. There are rent collections, expenses, taxes, regularly analysing rent, marketing the property, running credit checks, dealing with complaints, evictions, and potential lawsuits.

To cut a long to-do list short, property management is a full-time, professional job. And, here’s how to tell that yours is taking care of your investment property.

They’re a ‘people person’

Your property manager is your advocate. But at the same time, they’re also the support person for tenants. Good property managers are friendly, empathetic, sensitive to issues on both sides, and overall, show up with a caring, helpful energy. Both parties should feel like they’re taken care of, with an attentive, solutions-focused (objective) manager taking lead.

Keeps an eye on competition

In property, the environment is constantly changing. It’s never stagnant, nor should a manager. Professionals keep an eye on competition, current rental rates in your area, and always look for ways to improve your situation. Does your property manager have an ‘investor’ mindset? You know, the ‘big picture’ thinkers who know how to best pivot to make the most out of your investment.

Backed by a great team

Yes, your property manager will be easy to contact (and based in the Adelaide Hills). You won’t be hand-balled on the phone, but your manager will have the support of a team. They have colleagues to ask questions, offer advisory, and lean into, if necessary.

Are you unhappy with your current property manager in the Adelaide Hills? Thinking of consolidating your properties and would like to see your options? You probably know the Nitschke name for real estate in areas like Mount Barker and Strathalbyn. Are you aware that we also have an award-winning property management division?

Find out more about our family of real estate agents and property managers. Unlock the key to successful managing of your property.