What to Look For In a Property Manager in Brisbane
In recent years, the Brisbane housing market has continued to experience a significant boom. Thanks to the favourable population data and affordable housing, owners of rental properties in Brisbane stand a lot to gain from the real estate market. However, this requires that you take proactive and professional management measures to ensure that you protect your rental property properly.
If you own a new house or rental property in Brisbane, having an experienced, professional property manager is crucial. Your property manager or asset management expert maintains property rentals, establishes rental rates, attracts, and screens tenants. Also, the property manager carries out necessary maintenance and repairs, manages the budget, and maintains the financial record. For this reason, it is crucial to ensure that you hire the right expert for the job. Below are some traits to look for when hiring a property manager in Brisbane:
Specialised Experience with Your Property Type
In Australia, property management is a complicated industry. As an investor or rental property owner, you want to work with an expert who possesses adequate knowledge of the local, state, and federal housing laws. Also, your preferred rental agencies must have specialized experience in the Brisbane housing market.
Licensed and Certified
In addition, the property management company you are hiring must possess the required professional licenses and certifications to operate in the housing market. You should only work with reliable Brisbane real estate agents and rental agencies who are able to complement their technical expertise with professional certifications and proper licensing.
Competency in Important Areas
As mentioned earlier, property managers do a lot of tasks. For this reason, it is crucial to work with an expert or company that is highly competent and well-experienced in important areas of property management. Such areas can range from maintenance to leasing, rental collections, tenant relations, marketing and advertising, budgets and financial analysis, and comprehensive knowledge of relevant local and state laws so that they can adequately and confidently represent you at QCAT if ever the need arises.
Availability and Responsiveness
Moreover, you don’t want to be awoken at midnight by a tenant informing you about a broken sink. This is why you need to hire a property manager who is readily available and highly responsive. Your preferred property management company should have a system in place to receive and handle calls and emergencies. Above all, the property manager must dedicate enough time and resources to maintain your property, protect your investment, and ensure that tenants are happy.
Check Reviews and References
Finally, before hiring a property management company, you can check out their reviews on their website,. Reviews and references will always be an excellent first-line resource for investors when comparing several asset management companies. You can read through reviews on Google, Rate my Agent or Facebook and Instagram comments on their page.
Also, you can request the company’s representative to connect you with some of their current or previous clients. With this, you can have a better insight into the company’s service delivery through the experience of their current or previous clients.
There you have it! Above are some ways to traits to look for when hiring a property manager in Brisbane. With lots of property management companies and rental agencies in Brisbane, finding the right property manager for your new house or rental property can be a daunting task. However, by following the insightful tips provided above, you can choose the right professional to help manage your property.
Do you need a reliable property manager in Brisbane? Contact us today to know more about our services.