Choosing the right Property Manager
Trying to choose the right Property Manager for your investment? Between comparing agent fees, extra costs and property management experience, it can be a difficult decision. So, whether you're a seasoned investor or this is your first time searching for a Property Manager here are some key questions to ask when appointing an agent.
How many years experience do they have?
The PRDnationwide Coolum and Peregian team have well over 30 years collective experience among them. Our Senior Property Manager Anita offers an excess of 15 years' experience in asset management, while Ivanka brings over 10 years’ experience in the real estate industry. You can be assured that your investment is in knowledgeable and capable hands. Our most valued office asset Lanthe has been here providing exceptional service to our landlords and assisting our Property Management Team since 1996.
How many properties do they manage?
Experience counts as does having a specific Property Manager looking after your investment. Members of our team are assigned specific properties to oversee, meaning that your dedicated Property Manager has an intimate knowledge of your investment and its uniqueness.
What formal training have they undertaken?
Due to increased litigation and legislation requirements, it is essential to choose an agent who knows the law. Our Property Managers are licensed and are continually attending ongoing training programs and seminars to keep up-to-date with changing legislation and market conditions.
What procedural systems do they have in place?
Our Property Managers use the latest in computer software management systems. Enabling you to receive detailed feedback from prospective tenants as well as thorough property inspection reports, including images. An online booking system allows prospective tenants to easily book online to view your property.
Is the agency a member of the Real Estate Institute of Queensland?
Since opening our doors in 1996 our office has been a member of this important professional association. Valuing professionalism and best practice we have always believed membership is essential.
How will they communicate with you?
We know that emergencies and accidents almost never happen from Monday - Friday. That's why our Coolum office is open 7 days a week. One of our staff is always on hand to assist and action property requests immediately. We pride ourselves on timely and transparent communication and keep our clients informed through monthly newsletters and detailed inspection reports.
When and how will you receive payments?
The Residential Tenancies and Rooming Accommodation Act 2008 is the law that governs renting a place to live in Queensland. The Act is administered by the RTA and covers the charging of rent, deposits and other fees.
Tenants must pay their rent in the method written in their agreement. The tenant rental payments are every week, fortnightly or month, depending on their lease.
Our landlords are paid accordingly to their agreement, which is either mid-month or monthly.
How often are fair market reviews conducted?
Our Property Managers undertake a comparative market analysis of your property each time a lease is to be renewed. Ensuring your returns are maximised.
Do they offer any services free of charge?
The Real Estate Institute of Queensland standards allow for the following services to be charged for. We believe that the monthly fee charged, plus our commission covers these costs. We don't charge extra for organisation of maintenance, water meter reading or invoicing, insurance related matters (premiums, claim or cancellations), bank fees, or lease renewals.
Call our office and speak to one of our Property Managers about your requirements and see how we can help.