There are a lot of property management companies out there, but not all are good at what they do. If you hired a property manager to supervise your property investment, you should make sure that they are doing what you hired them to do. It is your duty as a property owner to make sure that you hired a good one. One way to ensure this is looking for loopholes with the quality of service they provide and the good thing is there are several property management mistakes that can help you determine whether or not you hired a keeper or it is time for you to find a new one.
One of the most common property management mistakes is delaying property maintenance requests. If tenants called your property manager for needed property maintenance and yet your property manager did not respond quickly, then you should consider it a negative point because good property managers must respond to tenant calls immediately; this is a good way to keep tenants happy. Delayed response leads to unsatisfied tenants.
The next among the list of property management mistakes is choosing a bad tenant. One of the responsibilities of a good property manager is conducting background checks before choosing a tenant for your property. Therefore, if your property ended up with a bad tenant, it means that your property manager did not do his job properly.
One other property management mistake is being disorganised, especially with records, receipts and other documents. As a property owner, the last thing that you want to see during your monthly meeting is a messy report. A good property manager must be much organised so you would both have a smooth sailing monthly meeting.These are just few property management mistakes, but this should be a good start for you to determine whether or not you have a good property management team overseeing your property. If not, then it is time for to get in touch with Rental Management Australia, one of the best property management companies in Western Australia. Experience how we beat all those property management mistakes. Call us today!
Property Tax Depreciation
Thank you for all your help with Raymond Street. You went over and above and I am very grateful!