To be a successful property investor, you need to always present a professional veneer when dealing with your investments.
Having an inept or lackluster property manager, can be very detrimental, to the value of your portfolio.
Here are 5 fundamental signs that you have a BAD property manager:
1. Issues regarding compliance.
A good property manager will always ensure and be up to date
with inspections and that you as a landlord are also being compliant.
Property managers are bound by certain rules and regulations
and they must adhere to these at all times.
If you are having issues with compliance, it is definitely
time to rethink having a property manager.
2.
A property manager who is not very
communicative
This is a "no brainer”. If you are
consistently having issues, with lack of communication, it is definitely time
to reconsider your property manager.
3.
Late reporting
A professional property manager knows that they are bound by
strict "Notice Periods”. Late reporting is simply not acceptable and is a sign
that other things are probably being overlooked.
4. No follow through
This is completely unacceptable and unprofessional. If this
is happening regularly, it really is time to get rid of your property manager.
5. Little or no maintenance
Property managers are supposed to organise maintenance and
repairs in a timely manner. It would be a good idea to occasionally drive by
your property, without alerting your property manager.
Have a look at the property and note any outward signs of
neglect such as overgrown yard, shutter damage etc.
You can’t just assume that because you pay high fees, that
you are getting a premium service.
Often, property managers have ridiculous workloads and are
just not able to service everyone properly.
This is why self- management is such an attractive option.
Investors, who are passionate about their investments and
want to take back, control of their portfolios but not sure how- there is a
solution.
RealRenta automates the whole self-management process and makes things very simple and
easy.
RealRenta does
everything property managers do but at less than A QUARTER of what they charge.
RealRenta Landlords receive their rental income within 4 days of the tenant’s payment and don’t have
to wait weeks (sometimes even months) to get their own investment income.
Use RealRenta for Free now for up to 2 months and you will NEVER hand
over your investment income to an agent
EVER AGAIN: https://app.realrenta.com/Signup.aspx
Marlene Liontis
Tuesday, 9 July 2019
