The Blog
- Show all categories
- Real Estate Agents
- Real Estate
- Local Real Estate Agent
- Property Managers
- Property Investments
- Renting
- Selling
Apr 21, 2022
What To Look For In A Property Manager?
When you have spent a significant amount of your hard-earned money on an investment property, you want to be sure that your property and tenants are being looked after properly. If you’re not planning on doing this yourself, it’s essential that you have a great property manager on your side that you can trust. If you’re not sure what to look for when hiring a property manager, we can help. Take a look at what we think you should look for in a property manager before committing to a one. 1. Proactive A proactive attitude is incredibly important in a property manager. Having a proactive attitude allows a property manager to deal with each problem efficiently, which is essential, especially when tenants or potential tenants are involved. It is also a great indicator that they care about getting the job done correctly and in a timely manner. 2. Time Management Property managers often have a big workload on their plates, so good time management is necessary for a good property manager. With a typical day including property inspections, open homes, phone calls, business meetings, answering emails, and organising maintenance repairs, property managers are usually busy 24/7. Knowing how to manage their time effectively and prioritise more pressing tasks is essential. 3. Detail-Oriented A great property manager will know how to focus on the right details to ensure that they are doing their job efficiently. From screening potential tenant applications to keeping detailed notes on current tenants, entry reports, maintenance issues, and requests. Ensuring that record keeping is detailed and accurate is essential to avoid any issues with tenants or the property. 4. Flexibility Flexibility is also a key attribute of a good property manager. No two days are going to be the same and often a property manager may be called off for unexpected visits or inspections. Knowing how to react to sudden changes, work their way through them and then replan if necessary is an ability that a good property manager needs. 5. Ability To Multi-task Often, property managers will have several different tasks going on at the same time. From scheduled inspections to incoming phone calls and emails that might be urgent, being able to multi-task is essential. If a property manager can handle several tasks at a time they’re likely to be great at their job. Securing the right property manager for your property can sometimes be a difficult task. You want to ensure that your property is well looked after by a competent property manager while also ensuring that your tenants are happy and taking care of your property as well. Taking the time to find a good property manager can help keep many common issues of being a landlord at bay. You can be confident that your property is in good hands and that you won’t have to handle the stress and time yourself. If you’re in the market for a great property management team to look after your investment property in Nelson Bay, Tanilba Bay, Tomaree Peninsula & Tilligerry you can get in touch with our local team of experts today. We can help you manage your property in a reliable and professional manner and are happy to discuss what we can offer you. If you need some tips on choosing the best property for sale or are looking for a property manager to handle your accounts, you can read these guides. How to Get Started Investing in Commercial Property What You Need To Know Before Purchasing Commercial Real Estate 7 Ways to Add Long Term Value to Your Nelson Bay Property @media only screen and (max-width: 600px) {.blog-h2-style {font-size:23px !important;}}
Aug 16, 2021
What Do Property Managers Do?
If you’re considering purchasing an investment property, you are going to need to consider how you are going to manage the property. You may have thought about managing the property yourself or you may also be considering investing in a great property manager. Not too sure what a property manager does and if their services are worth the expense? If you’re considering hiring a property manager but you need a bit more information on what they do to help you make your decision, here at Nelson Bay Real Estate we are here to assist. 1) Oversee The Financials One of the most important things that property managers oversee is the financial management of your property. Not only do they ensure that your property is tenanted by quality tenants that will take care of your house and pay their rent on time, but they also utilise their local market expertise to evaluate rental prices and instigate rental increases if necessary. Organising the finances of a rental property can be confusing. Property managers ensure that everything is paid on time and that the accounts balance. This can include: Advertising the property Collecting rental income Deciding rent prices Organising the collection and lodgement of bond money Ensuring that council rates and taxes are paid (usually out of the rent money) 2) Look After Your Tenants Property managers are your tenants' go-to person when they need to discuss anything about the property. They’re present from the very beginning when the potential tenants view and apply for the property to be the point of contact if the tenants require anything. Overseeing the tenants often includes: Communicating with the tenants Property managers will enforce lease terms such as pets, tenants, noise issues, rent, etc. Handling the tenants' rent and ensuring it is paid on time Managing any complaints Dealing with any repair or maintenance requests from the tenants 3) Maintain Your Property When it comes to your property, a property manager is tasked with the responsibility of overseeing its physical management. They are there to ensure that the property stays in top condition, is live-able, and remains an attractive option for future renters to ensure that it continues to earn rental income for you. Property managers are in charge of everything from maintenance to repairs to ensure that the property is in rent-ready condition between tenants. Property managers maintain your home by carrying out the following tasks: Arranging for repairs if requested by tenants or noticed during inspections Undertaking regular maintenance such as gutter cleaning, pest proofing, exterior cleaning, and landscaping duties Organising and carrying out regular inspections Tenant turnover included organising the property between inspections, collecting keys, refunding bond deposits, and enforcing move-out dates. Managing a property on your own can be time-consuming and difficult. There are so many things that you need to do to ensure that the property is being managed correctly. When it comes to owning rental and investment properties, having a great property manager on your side is a the best way to ensure that the property is managed successfully and professionally. A property manager will ensure that your property stays in great condition, your tenants are well cared for, and that all the financials are up to date. If you are looking for a great property manager to help you oversee your investment property in Nelson Bay, Tanilba Bay, Tomaree Peninsula & Tilligerry why not give the team at Nelson Bay Real Estate a call 02 4981 2655. We’re experts when it comes to managing properties.