When most people are looking for an investment property you think about things like area, location, the right neighbourhood and the look and style of the house. The idea of a property manager might be in the back of your mind, but finding one that you can trust is just as important! Every landlord needs to take the time and ensure they are finding the right property management company for them.
Not all property managers were created equal— just a few simple choices can help turn an investment into a money pit. Having a property manager who wants to see you succeed is one of the most important choices you’ll make.
How to know when you’ve found the one
If the aim of your investment property is to make money, going down the property management path may seem like an unnecessary cost, but it’s actually a sure fire way to ensure you minimise the risk so you don’t lose money. Sure, managing your property yourself may be appealing— but unless you like throwing your time and money away dealing with issues you’re not familiar with, it’s best to find your perfect match. Agents that are local to the Geelong area. Ask yourself questions like, Do they understand what the people of Geelong need? Do they have knowledge of the area? Will they take care of absolutely everything? How many properties do they manage? How many years’ experience do they have? You want to feel confident that every last need is taken care of.
Choosing the wrong property manager can cost you big time
When it comes to managing your property, it goes without saying that the little the hassle, the better. Choosing a property manager who isn’t attentive or doesn’t show a great deal of interest in creating the best experience for both you and your tenants can mean money down the drain. Your property manager in Geelong will more than likely have to deal with harsh situations like vacancies and tenant disputes, so if your manager isn’t on the ball, it could mean big bucks for the property owner.
Making the most out of your investment
Property owners don’t want to invest money and not get the most out of it. Of course, any investment comes with risk, but choosing the right property manager is going to help you take the stress out of having an investment property. Having a constant set of hands nearby to tend to any bumps in the road and importantly— one that’s familiar with Geelong is integral to making sure that you gain the most out of your venture.
How choosing a local agent can benefit you
Choosing an agent that is local to Geelong has a ton of advantages, especially if you yourself aren’t living in the same area as your property, or if it’s not in an area that you’ve lived in before. Local property managers in Geelong have a good knowledge of the area, the property market, rental trends and charges. Another perk of choosing a local is that they will have a list of tradespeople ready to go when issues do pop up and are more likely to get it done at a good price.
If you would like one of our local Geelong agents to take a look at your property, fill out the landlords appraisal form. Let’s see what we can do together.
