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Questions you should ask before you hire a property manager
1 Oct 13
If you're considering hiring a new property manager, or implementing one for the very first time, it's important to make sure they are the right fit for the job.
Asking a few simple questions could potentially save you a lot of drama down the track, so make sure you've got the following answered:
How many properties do you manage?
It's great to get an experienced person for your property, but you also want to make sure it gets the attention it deserves. If a manager is overseeing too many properties, your pride and joy may not end up being a priority.
What's your history?
You'll want to ensure the person you hire has experience and knowledge to properly manage your property. Ask about their qualifications, what property management courses they've taken, the time they've worked in the industry and their knowledge of the area in which your property is situated.
How much do you charge?
Property management fees can vary. One smart real estate tip is to shop around and get quotes from several different companies and individuals in order to get the best bang for your buck. Make sure their upfront rates aren't hiding any back end services such as arranging repairs or checking references.
What's your approach to dealing with tenants?
You'll effectively be handing your property over to the right candidate to look after, so you want to make sure you're on the same page when it comes to who will be living in your property. Ask candidates how they will screen applicants, deal with tenancy issues, inspect the property and deal with tenant issues.Back