Property Managers

5 ways to select the best property managers

Owning an investment property comes with its challenges. For one, managing it can be a stressful experience, especially if you have a series of properties in your portfolio. And secondly, you are ever busy and making trips to your property is hectic. To save investors from this entire headache, property managers expertly look after property obviously on a fee. While this is a big break for property owners, finding a good property manager is another nerve-wracking experience. To save you all the trouble, here’s how to select the perfect fit to manage your investment.

Shop around

While selecting the right property manager isn’t easy, that doesn’t mean you give up your search and go with the first one you come across. Your quick decisions may land you the cheapest manager who doesn’t offer the best service or land you an expensive one who doesn’t give you value for your money. Creating a shortlist of would-be property managers close to your property or in your area is a good place to start. Use this shortlist to compare their services and prices to find who the right one for you is.

Read testimonials and reviews

Current tenants or landlords will be willing to tell you their opinions and thoughts about the property manager in question. You may also want to consider online reviews. If your search for reviews turns up empty, approach your property manager and ask for a list of references of who you can speak to.

Compare quotes

As we all know, the cheapest property manager isn’t necessarily the best. On the contrary, most people tend to discount expensive property managers solely because they charge more. So, how can you strike the balance between the cheapest and expensive managers? Well, you can negotiate the cost with your potential rental manager or get quotes from several managers. Compare the quotes and narrow them to the one you are happy with. 4rooms Property in are unique in the sense that they have a fixed $79/month Fee. We always suggest comparing other quotes, but we’ve heard great reviews about 4rooms Property. If you visit their 4rooms Property LinkedIn you will see dozens & dozens of recommendations. They often upload great videos on their YouTube – property managers account giving great insights into the industry.

Meet the property manager

Property managers can entice you with killer emails. But to get a good idea of who they are, it’s important to talk to them on phone or to meet them in person. If they rush on matters or are too busy, then walkway – no run! How can they manage your property effectively if they give you vague responses or cannot answer all your questions?

Ask questions

When you meet or call your property manager, ask as many questions as possible. This way, you’ll be able to find out how experienced they really are and uncover more about them. Treat your first meeting as an interview to grill the property manager. Ask key questions like, “How many properties do you manage?”, “How much do you charge?”, “How do you attract and screen prospective clients?” or “Do you work with insured and licensed contractors?”

A great level of capital growth is always guaranteed when you choose the best property manager. Choosing the wrong property manager, on the other hand, means mediocre growth, bad tenants, delayed rent payments, expensive damage to your property and property vacancy.

Most Important Things You “Must” Do For Business In The Ming Adelaide

1. Find a business with a system that you can easily duplicate not only for you but also for your successive prospects, after all your prospects would want to be able to replicate what you’re doing also…. Makes sense right? You make money, they also make money, you make money back and this continues throughout your growing organisation.
If you have a business already and their system is not cutting it for you then you can do 1 of 2 things, observe what you have to do by either creating a system with the same qualities as already explained above or dump it(The company) and find one that does and I’m not kidding here as you can’t continue to persevere with a “Dead Duck” no matter how good the products or compensation plan are, if you can’t make it grow, you’ll go broke. … Simple!

2. Directly help and support your new members. Show them the exact system so they can repeat exactly to the letter how the system works. Get them fully integrated then they can do the same to their new members and this will repeat down into infinite. Thus your business foundations will become robust.

3. Market your business by using a Funded Proposal, never, like we indicated in the previous newsletter – Market Your Business Upfront…. But how do I market it then Christian, I hear you ask? “Well I will tell you right now!” You use what we call in the industry, a “Funded Proposal” . You must pitch to people your Funded Proposal upfront. Funded Proposals provide perceived value to any prospects; this is what helps build relationships first. I will provide you a link below to what we feel are the best places to create your funded proposals. There are video tutorials and lots of instructional material provided for you in the various site. Use both paid methods and free methods together to market your business, remember this is a business so learn how to treat it like one. Make your decision very early in the piece whether you want to be “serious” about it or not (A real business or a hobby business). This is very important as the 2 options create 2 distinctive and entirely different mindsets. So important you choose early otherwise your results can be wrongly affected by making this critical choice.

4. You need to reinvest a portion of your profits straight back into the business marketing.

5. This so important and one you need to take onboard no questions asked. Learn and create “Attraction Marketing” straight way. This will be your glue for your business. This is what makes immense, continual profits for your business and other businesses you may want to add…. Guaranteed! I will provide a link to what we consider as the very best sites that provides all of the information for you to become a super star recruiter in your business.
Well you now have the 5 Most Important Steps you need to adopt to ever get a chance to become Financially Free and extremely wealthy.