Sydney is home to numerous property management companies. However, getting your hands on the right company for you might not be the easiest task. If you are thinking of hiring a property management company to run your properties, then you might want to consider the tips listed on this article.
Hiring Property management companies Sydney
Familiarity with your Local Area
The first thing you want to consider when hiring property managers is their area of operation. In order to attract tenants, a property manager should be familiar with your local market.
Get Referrals
One of the easiest ways to locate a property manager is through referrals. Other property owners around you may be able to recommend some good companies you can hire and save you the trouble of having to drive around. If they are receiving a good service, then you are likely to enjoy your experience working with their property managers.
Online Search
If you can’t find someone to refer you to a reliable company, then doing an online search will be helpful. Many companies have created websites or listed their companies in many property management websites, making it easy to find what you are looking for. Some websites have gone as far as using softwares that help you get the best results based on information they collect from you.
Professionalism
It is important that you only work with a company that is serious about their work. You can determine how professional a company is in a number of ways. For starters, you’ll know whether you are working with the right company as soon as you contact them. The person receiving your call or replying to your email should not only answer your questions patiently but should also make it clear what you’ll be getting yourself into when you invest in their services.
Pricing
While the cost of these services will vary from one company to the next, it is important that you look around and compare prices between different companies. Most companies charge between 4 and 10% of your property’s gross monthly income. You are however advised not to be lured by low management fees. Some companies will simply collect rent from tenants while others will offer services such as handling maintenance requests, tenant placement and even helping with taxes.
Certification and Licenses
It is important that you only work with a company that carries the right credentials. This will ensure you are working with a professional company that has been inspected by proper authorities. Don’t be afraid to ask the company for these documents.
