The Real Cost of Bad Property Management

March 2, 2018 Loretta Morgan No comments exist

Have you ever stopped to think about what your Property Manager could be costing you?

There are a number of activities that a Property Manager must ensure that they are doing so that you can maximize your returns.

The main concerns for Property Investors are that their property is being looked after and it is performing financially well.

Bad Property Management can have a huge impact on returns and can really put you in a vulnerable position financially.

Some of these things can include:

  • Inaccurate Entry Condition Reports = Cost of repairs and loss of rent while fixing.
  • Failing to do regular Current Market Rent Reviews = Loss of rent.
  • Failing to do regular Routine Inspections = Larger Cost of Repairs and Maintenance
  • Failing to keep on the front foot of lease expiry dates (at least 3 months prior) to reduce vacancies = Loss of rent from extended vacancies

Here is how we minimize your losses and maximize your returns:

  • Thorough Entry Condition Reports with Photo’s
  • Regular Current Market Analysis (CMA) and Rental Reviews, in line with the tenancy renewal process.
  • Tenancy Renewal Process within 3 months prior to current lease expiry date.
  • Routine Inspections are done in line with legislation (3 per year) and reports sent to our clients quickly with recommendations.
  • Fast Turnaround on Repairs and Maintenance.

If you would like to know what it feels like to have your property managed by our Dream Team please Ph:1800373262 or complete the form below.

 

Leave a Reply

Your email address will not be published. Required fields are marked *