LJ Hooker

A Seasoned Property Investor’s Guide to Maximise Returns p. 45 Evaluating Your Current Property Manager 07 be stretched managing 50 while others are all over 150. It really comes down to their skills and how good they are at juggling multiple tasks at the same time. To assess your property manager, think about how stressed they are. Are they unapproachable, slow to return calls and emails, or seem rushed when you talk to them? These are signs they may be working beyond their capacity. How regularly do they conduct inspections? Regular inspections are key to ensuring your property is being looked after. Your property manager should inspect your property at the very minimum once every year. What is their eviction rate like? If their average eviction rate is more than 5% it may show that there is an issue with their tenant screening process. Without proper screening, you may find yourself in a situation where a criminal moves into your rental property or you have a tenant that is unable to pay the rent. What is their average bond refund? If their average bond refund is less than 10%, this is another indicator that their tenant screening process isn’t very good, or they are particularly ruthless with regards to bond refunds.