It’s a truth universally acknowledged that you can’t have successful property investment without tenants paying you rent regularly.


But too many investors don’t put enough thought into who is the best person to manage their properties. And of course, that is you, No one else is going to care about your property or your wealth than you.

Successful property investors understand that they need to treat their portfolios like a business so they need the tools to do this and use online property management tools like RealRenta.

But if you are using a property manager. Then Like any industry, not all property managers are created equally so how can you recognise a bad one?

The following "signs” or behaviours are clear indicators of a potential problem on the horizon.

The time to deal with these issues is when you notice them because the longer, they continue unabated, the worse the outcome for your portfolio.


Part of a professional property manager’s role is to look after your investment property, including organising any required maintenance or repairs in a timely fashion.

Take some time – even if your property is in another state – to drive by your investment property unannounced.

Aside from possible tenant clutter, if your property is not looking its best – such as it has broken shutters, missing tiles, or an overgrown yard, etc. – then you need to immediately take action to resolve the issue.

If your property manager is regularly displaying any of these traits then it’s probably time to consider doing it yourself using RealRenta.

Don’t assume your old property manager did their job, so conduct a thorough review of all your tenant records, checking for collected rents, inspections, repairs, etc.

As soon as possible, set up an onsite inspection – giving your tenants a face with the new name, as well as the expectation that you will be more accessible.

Implement any necessary action to collect past due rents including, if necessary, initiation of eviction proceedings.

If your old property manager was a poor performer, it’s highly likely that your tenants will have a number of frustrations that they’re keen to vent.

Take the time to listen to their concerns but remember that unless any concerns were in writing, it legally never happened.

All property investors need to remember that the bottom line should always be to improve their cash flow.

This is why it’s vital to address any poor property management issues as soon as you become aware of them.

The longer you wait, the more damage can be done, and the longer it will take to bring your portfolio back up to par.


Right now, at RealRenta Join now and get 50% off the normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property


RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 25 September 2020

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