What to Ask When Looking for a Good Property Manager
Your property manager is an essential partner in managing and maximising the returns generated from your investment property. Elaine Mills Property Management specialises in selling property in Darwin, Palmerston and rural areas, as well as offering property management Darwin landlords can rely on. Here are some key questions to ask when looking for a good property manager.
How Many Properties Will They Manage?
The number of properties a property manager has in their portfolio is essential as it determines how much time they’ll be able to spend on managing your property. Depending on the agency, this can vary from a handful to several hundred. The larger the portfolio, the less personalised and attentive a property manager can be. This can lead to requests by tenants being ignored, extended vacancy periods, rushed inspections and other issues.
What are the Fees?
Fees also vary significantly depending on the property manager and the level of service they provide. Commission fees in the Northern Territory are 8.5% on average. It can be worth paying higher fees for premium services from a property manager that endeavours to keep your property occupied. For example, reducing vacancy periods by just 2 weeks in a year can be equivalent to a 4% commission.
Do They Have Local Experience?
Understanding the local Darwin property marketplace is a huge advantage. A property manager with strong local knowledge can use their knowledge of local amenities, demographics and other features in an area to provide accurate rental appraisals, improve marketing and strategically find and keep the right tenants.
How Do They Manage Rental Inspections?
How your property manager handles inspections is also crucial. Visit rental inspections conducted by your shortlisted agents to see how they present properties and interact with potential tenants. Do you like their communication style and approach? Were they proactive in answering questions? Was everything timely and organised?
Darwin Property Management Services
Whether you need help selling property in Darwin or are looking for reliable property management Darwin, Palmerston and rural areas of the Northern Territory investors can trust, choose Elaine Mills Property Management. Call us on 08 8983 1800 or contact us online to find out more.
