LJ Hooker

A Seasoned Property Investor’s Guide to Maximise Returns p. 44 Evaluating Your Current Property Manager 07 What you value in a property manager will undoubtedly vary across different investors, however there are some fundamental jobs all property managers should be strong at. Here is a look at some key measures to determine if you and your property manager are a perfect fit. Do the properties they manage match your property? A good starting point is to assess whether your property manager is skilled at managing your type of property. For example, if your property is suited to student accommodation, you wouldn’t want your property manager to be a specialist in high-end McMansions! And vice versa – if you’re targeting families, you wouldn’t want someone who is only skilled in small apartment management. How do you get on? While you don’t need to be best friends with your property manager, you want to make sure you get along. If you both dread talking to each other, no skill or service will help transform this relationship. Is your property manager licensed or Certified Is your property manager licensed or certified as a property manager in their state or territory? This is vitally important and something you should check. Are they managing too many properties? There is no magic number with regards to how many properties is too many for a property manager to have in their portfolio, as some may