As property managers of furnished apartments in both Auckland and Wellington, we fully appreciate that choosing the right property manager is a critical task for property investors. It requires you to complete thorough due diligence, which will provide you with the detailed information required to make such a decision.
We’ve compiled a list of 12 key questions to help you with this selection process.
12 Key Questions to Ask Potential Property Management Companies
Here are 12 questions to ask when considering a property management company:
1. Why should I entrust my investment property to your company’s management services?
2. How do you calculate your rental property management costs?
3. What type of properties do you specialise in managing?
4. Do you have clients who are looking for my type of property?
5. How do you ensure compliance with tenancy regulations?
6. How often do you communicate with and report to property owners?
7. What fees do you charge property owners?
8. Will any management tasks for my property be outsourced?
9. What experience does your company have in property management in my area?
10. How do you promote vacant properties and what is your success rate for this?
11. Can you assist with furnishing of my investment property?
12. What specific management services you can offer me?
Be sure to read our Property Owners FAQs, where the answers to these questions and more can be found, in relation to HiAtlas.
Characteristics of a Great Property Management Company
As well as being satisfied with the answers you pose to potential property managers, you should also be considering the following characteristics:
· Strong communication skills – your property manager needs to communicate effectively with all parties, including tenants, owners, service providers.
· Accurate record keeping – it is vital that a property manager keeps accurate records, including information about bonds, payments, maintenance schedules and inspections.
· Professionalism – being knowledgeable and of standing within the industry, your property manager must be able to maintain high standards of behaviour and actions.
· Excellent organisational skills – the ability to manage multiple tasks while remaining organised is essential. A property manager must pay attention to every detail and follow through when required.
· Local knowledge and experience – the advantages of a property manager who knows the city like a local cannot be underestimated. They’ll have a great knowledge on what properties are available, which residents are looking for properties, market trends and insider information about key suburbs.
If you own a fully furnished property in either Auckland or Wellington, and are seeking professional management with flexible rental terms, we are here to help. Contact our property consultants today and learn what makes HitAtlas one of the best residential property management companies.