When engaging a Property Manager there are a few things to watch out for to ensure that you are hiring the right Property Manager, here we share with you 7 things to help you select your new Property manager:
• Beware of Agents that aren’t prepared at your initial appointment. You want your Agent to be ready and organized with all the information you require and thorough answers to your questions. If they come without a presentation kit and information, start to worry.
• Choose a Property Manager that is your area specialist. Your Agent must know current rental vacancy rates and current rental rates for their area. They should know what’s 
available and coming up and the estimated time your property would take to lease.
• Agents that offer low fees or happily discount with ease are to be avoided. These Agents don’t have the ability to professionally and proactively manage your property at a discounted rate. They are unable to provide training and systems for their teams, they don’t have the resources or enough funds. Usually, their staff are overloaded with work to reduce wages so that they can offer you a discounted rate. This affects the management of your valuable asset.
• You’re Agent must have a thorough understanding and knowledge of relevant legislation rules and guidelines, as well as other legislation that must be abided by, in order to maintain a fair and professional relationship with your tenant? Quiz your prospective agents, do they know the answers?
• Ask about the tenant selection process, how does your agent process their applications, ask to see an application and detailed explanation of the processes.
• How long has the agent been in Property Management, what is their experience level and what training have they undertaken? If you are looking for a professional agent, look for an agent that does frequent training and updating of their skills, and has a proven ability in their field.
• Does your agent understand the processes to successfully terminate a tenancy and recover possession of your property without the need to go to court? Does your agent know the correct procedure, notices and time frames? How much experience have they had with QCAT – Queensland Civil and Administrative Tribunal?
For more information about selecting the right Property Manager for your Property contact Fran & Jo at Dream Property Management today: