Are you new to the property investor space? Or are looking at what other property agencies can offer for your investment?
When comparing the different fees, experience, and services each property agency offers, it can be unclear on which agency will deliver to a high standard and meet your expectations.
When it comes to management fees, a lot of investors will just look at the initial bottom line management fee without taking into consideration how an agency can actually put more money back into their pocket when spending that bit extra for premium service.
Days on Market
Comparing the days on market from agency to agency will allow you to simply crunch the numbers and have a clear idea on how much money you can save. This means the less days on market, the less time your property is vacant, and the quicker a tenant will move in and start paying rent.
Experience
Digging deeper into each agency will allow you to understand the dynamic of the team and what kind of professional could be taking over the management of your investment. This includes to ask questions such as the experience and average tenure of property managers in the company as this will provide insight of the knowledge, experience, and reliability of the agency.
Systems and Communication
Asking important questions such as the systems and processes property managers undertake to manage your property will also give understanding of how your investment will be handled, how legislation is met and ensuring the methods and frequency of communication fits your expectations.
Also, other key considerations can include how the property manager will handle maintenance and repairs, how often inspections are carried out and how tenant issues and late payments are dealt with.
Testimonials and Reviews
Testimonials and reviews show clients' first-hand experiences dealing with an agency. Google reviews is the best and most credible resource for you to investigate what people honestly think of the services a business provides. By searching property management agencies in your local area, google automatically ranks the top businesses for your viewing, thus taking the hassle out of sifting through various agencies. Agencies that respond to customer feedback also displays their style of communication and acceptance to pay attention to what their customers have to say.
Just like each property is different so are the needs of our clients. Our highly qualified Newcastle property managers are simply the best at what they do. If you would like an expert opinion on the current value of your investment and an up-to-date report on recent comparable rental prices, complete an appraisal request and our specialist investment team will assist with your needs.