Whether you are applying for home loans in Melbourne for your own home or to rent out as an investment, you will need to talk to a property manager sooner or later. Finding a property manager in the area familiar with Melbourne and at the same time one who has a good reputation and a lot of experience in property is recommended. After all, with something as important as property investment to own or renovate and re-sell, you really want to deal with those who know what they are doing.
When making a home loan, there are a few things you might want to ask your property manager. For instance, inquiring what his or her qualifications are with regard to property management is the first step. In addition, find out the number of years they work at their agency at the moment. In this industry, one big issue that property managers have is burnout. Agencies offering good office support as well as great incentives for their salary tend to be happier and as a result, offer better service.
For every property manager, what is the number of properties managed? When there are adequate systems of support, some property managers are able to handle even up to one hundred fifty properties. There are also property managers that are hardly capable of managing a roll of rent for sixty properties due to having less support all around.
In the property management division, ask whether the real estate agency principal is involved personally. Many principals that are involved in the agency tend to be very busy. In these cases, the company may have to contend with an unqualified or an inexperienced property manager. When this happens, there may be a compromise on how effective the management is.