Choosing the best property manager is more important than you think. Not everyone has this skill, and if you have plans of leaving your property investment to one, consider the following traits before you do so. Here are the things you should look for in a property manager.
Communication. This is arguably the best trait you need to look for. Is your property manager an effective communicator? They should master conflict resolution and should have a reliable and likeable personality.
Experience. This is a trait that you should look into, as this will give you an idea as to how long your financial planner been in the industry and whether he is well acquainted with the system.
Fees. Ensure that you understand what you’re getting. Not all deals with the lowest rate is the best for you. Ask about the fees your financial planner is charging you in detail.
Systems. This ensures that the financial planner and his agency have rules in place for certain scenarios. Get them to talk to you with whatever processes they have in place. Have them explain any contingency plans they have to ensure your peace of mind.
Market knowledge. Your property manager should be up to date with the latest changes and trends. Check this with the latest statistics and rule changes in the market to ensure that you are getting the most relevant and up to date information.
For more tips on hiring a property manager, head to the Property Observer website.