How to help you choose the right Property Manager

Find yourself a Property Manager who’ll save you time, money and your sanity!

Why you need a good Property Manager

We know this isn’t the first time you’ve heard us recommend the services of a Property Manager. In fact, we always recommend you get a Property Investment A-team around you once you start investing. But the question of why you need a good Property Manager still comes up in conversations with our Clients.

The thing with ADF members is we’re great at thinking we can do it all ourselves. We know property investment is an excellent way to secure our financial future and we know managing expenses is crucial. So, the temptation to DIY property management is understandable. But managing a property can be challenging, especially when you’re leading an already hectic lifestyle due to your service commitments. Tenants can be demanding, and even ‘easy’ tenants require ongoing management. That’s where a professional Property Manager can be worth their weight in gold. The right Property Manager will make sure your investment prospers while you get on with work, life and everything else.

Our Capital Properties team is dedicated to helping you invest without stress. If you haven’t been already, we invite you to our FREE Capital Properties Discovery Session to learn the tricks of the trade for hassle-free investing.
If you’re ready to take the next step, our Property Investment Tools & Apps and essential resources from our Capital Properties Pinnacle Support Program will help you get there.

On the go? Here’s 30 seconds of take outs:

• The right Property Manager is crucial to the success of your investment.
• Property Managers are responsible for screening & managing tenants, daily admin, property maintenance, managing disputes, mitigating risk & keeping on top of finances.
• Choosing the right Property Manager with Capital Properties means you get a Property Manager who offers:

– Personalised service
– Experience & expertise
– Great value for money
– Ongoing support & advice

Keep reading >>

What does a good Property Manager do?

A good Property Manager plays a vital role in ensuring your property is looked after properly and remains profitable. Here’s some of what the role entails:

– Tenant screening

The most obvious task a Property Manager undertakes is the screening of potential tenants to ensure they’re the right fit for your investment property. That means they’ll check tenants’ references for rental history, making sure they’re likely to pay rent on time and aren’t liable to damage your investment. If you have a moment, you can read our earlier blog ‘How to find quality tenants’.

– Tenant management

Unfortunately, the work doesn’t stop once you’ve got tenants in place. A thorough lease agreement is necessary to ensure the rules of tenancy are set out clearly. It’s also necessary to undertake regular property checks and deal with any maintenance issues that pop up. Then there’s rent collection, including any additional agreed fees. To make sure all of this goes smoothly, you’ll need regular communication to avoid any risk of rental arrears or disputes.

– Administration

It’s always surprising how much admin is required to deal with tenant queries and manage property maintenance. The right Property Manager will handle all the day-to-day admin, so you don’t have to get bogged down with it.

– Property maintenance

Regular property inspections are essential to ensure your investment stays in good condition. A good Property Manager will conduct routine inspections to identify and correct any maintenance issues early on as well as making sure your property complies with the latest regulations.

– Tenant disputes

It’s not unusual for issues to arise between you and your tenants. Most problems will fall within the daily admin, however some might need more time and experience to deal with. For example, non-payment of rent, negotiating a rent increase, or handling unreasonable requests from your tenants. The right Property Manager will handle tenant complaints and try to find a mutually beneficial resolution. If the worst happens and you can’t find a resolution, the Property Manager can take action to legally evict the tenants.

– Managing risk

Another thing your Property Manager is essential for, is being able to identify any potential risks and taking proactive measures to mitigate them. That includes making sure your property is compliant with local, state and federal laws. They’ll also make sure you have the right insurance coverage in place, and they’ll select low-risk tenants to protect you and your investment.

– Keeping on top of property finances

Property Managers will help you determine the ideal rent price to make sure your investment is profitable while also staying competitive to attract good tenants. They’ll keep records of all financial transactions, helping you to stay on top of your property’s expenses and gross income.

Choosing the right Property Manager with Capital Properties
At Capital Properties, we understand the unique challenges ADF members face when investing in property. We’re committed to helping you navigate these challenges and make sure your investment journey is stress-free. Here’s how we help you choose the right Property Manager:

– Personalised service

We listen to what you need and offer solutions that are tailored to your requirements. Our Property Managers will manage as much or little as you’re comfortable with and will help you decide if you need regular updates or periodic reports to keep you informed at every stage.

– Experience and expertise

We partner with experienced Property Managers who have a wealth of knowledge in the real estate industry and local rental markets. They understand the busy lives of ADF members and do everything they can to make your investment work for you while you get on with your life.

– A great investment

Capital Properties recommends Property Managers who provide cost-effective property management solutions to make sure you maximise your returns. Our Property Managers minimise unnecessary costs but will strive to maintain full tenancy, regular property maintenance and ultimately increase the value of your investment.

– Ongoing support and advice

With the right Property Manager, their support won’t end once your property is tenanted. They’ll offer ongoing support and guidance, assisting you with any queries or concerns you may have throughout your investment journey.

Choosing the right Property Manager is crucial to the success of your investment. At Capital Properties, we’re dedicated to helping ADF members like you find the right Property Manager to manage your investment effectively.

It’s our mission to help you make informed decisions and achieve long-term financial freedom. Get in touch today to learn more about our property management services tailored for Defence personnel.

And while you’re here,  check out the Capital Properties Switched-On Strategy Series and Capital Properties Pinnacle Support Program.