There’s a lot at stake when choosing a property management company. Choose the wrong one and you’re in for a rocky ride. But make the right choice and they’ll take away the stress of owning and renting out a furnished property.
5 Tips to Help You Choose the Best Wellington Property Management Company
Choose the right property management company and they’ll not only collect the rent on time, but also perform regular property inspections, select the best tenants, organise any maintenance, ensure the property meets all legal requirements and manage the day-to-day responsibilities on your behalf.
We hope you will find these five pointers useful for your property manager selection process:
1. What experience do they have with properties like yours?
A high end fully furnished apartment in the Wellington CBD requires different style of management than a townhouse in Lower Hutt. Choose one which specialises in apartments like yours because they are best placed to provide the exceptional service you require.
2. Do they have expert knowledge of the local rental market?
Not only is it important to select a property management company that is based in the area where your property is located, but also one which understand the ins and outs of the local market. This ensures they can attract the right tenants and set the correct rental amount
3. What systems and processes do they have in place?
Does the property manager have documented systems and processes in place to attract and vet suitable tenants, communicate with both landlord and tenant appropriately and regularly, and meet all legal requirements.
4. Seek out reviews or testimonials from other property owners
Ask to speak with both past and current clients they have managed. Were they satisfied with the service they received? Do they recommend working with this property manager?
5. Are they open about the fees they charge?
Is the company clear on the management fees it charges property owners? Do they add additional costs for services such as organising maintenance and selecting new tenants? Or is there simply a set percentage fee of the weekly property rent?
The team at HiAtlas work hard to be Wellington’s best property management company and we pride ourselves on exceeding the exceptions of both residents and property owners. If you’d like more information on our fully customisable services, we’d love to hear from you – enquire today.