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EPI155 | Selecting a Property Manager
MP3•Pagina episodului
Manage episode 341204438 series 8124
Content provided by Kaz Young | Property Investing and Real estate investment education and advice, Kaz Young | Property Investing, and Real estate investment education. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaz Young | Property Investing and Real estate investment education and advice, Kaz Young | Property Investing, and Real estate investment education or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Selecting a property manager
Selecting a Property manager to interview
- Ask for referrals – BA, other investors
- Google reviews
- Look at the website – is it modern, updated, review staff profiles
Interviewing
- How many rentals does the agency manage
- how many staff and their experience
- How many rentals per manager – around 100 – 120 per staff member
- How involved is the principal in the property management
- Do you have an assistant or do you handle everything from start to finish
- How long have you been a property manager?
- How long have you been working for that office?
- Processes:
-
- Rental arrears:
- Process on rental arrears
- % of current tenants in arrears on rent and invoicing
- Process around routines, are they done in-house or outsourced
- Process around maintenance
- Give them some scenarios – if a tenant is 8 days behind what do you do? Will you contact me?
- Rental arrears:
- Fees and charges
-
- Investment property earning $650pw rent
- 8% fee – $52 ($7.50 difference)
- 7% fee – $45.50 ($6.50 difference)
- 6% fee – $39
- Investment property earning $650pw rent
- Go with your gut – if you don’t have a good feeling on the phone
- Judge them on their communication and responsiveness during the ‘courtship’ phase
- A word on self management
The post EPI155 | Selecting a Property Manager appeared first on Everyday Property Investing.
29 episoade
MP3•Pagina episodului
Manage episode 341204438 series 8124
Content provided by Kaz Young | Property Investing and Real estate investment education and advice, Kaz Young | Property Investing, and Real estate investment education. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaz Young | Property Investing and Real estate investment education and advice, Kaz Young | Property Investing, and Real estate investment education or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Selecting a property manager
Selecting a Property manager to interview
- Ask for referrals – BA, other investors
- Google reviews
- Look at the website – is it modern, updated, review staff profiles
Interviewing
- How many rentals does the agency manage
- how many staff and their experience
- How many rentals per manager – around 100 – 120 per staff member
- How involved is the principal in the property management
- Do you have an assistant or do you handle everything from start to finish
- How long have you been a property manager?
- How long have you been working for that office?
- Processes:
-
- Rental arrears:
- Process on rental arrears
- % of current tenants in arrears on rent and invoicing
- Process around routines, are they done in-house or outsourced
- Process around maintenance
- Give them some scenarios – if a tenant is 8 days behind what do you do? Will you contact me?
- Rental arrears:
- Fees and charges
-
- Investment property earning $650pw rent
- 8% fee – $52 ($7.50 difference)
- 7% fee – $45.50 ($6.50 difference)
- 6% fee – $39
- Investment property earning $650pw rent
- Go with your gut – if you don’t have a good feeling on the phone
- Judge them on their communication and responsiveness during the ‘courtship’ phase
- A word on self management
The post EPI155 | Selecting a Property Manager appeared first on Everyday Property Investing.
29 episoade
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