It can be daunting when it’s time to find the best property management company on the Sunshine Coast. It would help if you considered that an investment property would be one of your most significant assets. Finding the best property management company on the Sunshine Coast can also be filled with traps.
The easiest thing to do would be to use the agency you bought the investment property from, but not the most brilliant move. OR the one just down the road.
Property investors are focused on keeping costs low, so often will also shop around for the best property management fees. You can read an article I’ve written about fees here. As this is possibly one of the biggest traps of all.
Here are a few main reasons you might need to find the best property management company on the Sunshine Coast:
- Not happy with your current property manager
- You are turning your principal place of residence into an investment property
- Have been self-managing and realise you need to have now this done professionally
- Have just bought an investment property
If you plan to turn your home into an investment property, I’ve written a beneficial article about it.
PROPERTY MANAGEMENT AGENCIES ARE NOT ALL THE SAME
What I hear the most is big agencies have staff turnover. Sometimes you may have three property managers in 12 months looking after your investment property. So if you are looking for a big agency to manage your investment property, what is the advantage of this? Big agencies often also mean more significant fees. Many property investors go to big agencies simply because they need to know what other alternatives are available. OR the sales agent was excellent. But they won’t be dealing with that salesperson again. It will be someone different.
The idea is a property management agency will look after your investment, place a quality tenant, collect the rent and ensure the investment is looked after. It sounds pretty simple, but managing investment properties has many moving parts & it’s easy for things to go wrong. Very wrong.
What I’ve learned over the years is talk is cheap. It’s easy for every property management agency to promise all the good things they will do. But saying that and doing it are very different.
While you might pay more with a big agency, most have additional staff if other staff are sick, and they have access to excellent training.
Smaller agencies often care more. They have fewer clients, so they can ensure they are correctly looked after. When I say clients, I mean the owner and tenant, as we see both as very important to us.
We’ve got lots of positive Google reviews. We’ve got a blog you can read to learn as much as you want about property management on the Sunshine Coast.
ARE THE PROPERTY INVESTMENT NIGHTMARE STORIES TRUE?
Yes. It still happens & I am still shocked when I hear them. Routine inspections need to be carried out, rent needs to be paid, and properties are being trashed. If you’ve heard a horror story, it’s probably true, and it’s still happening now.
This is one of many reasons you must ensure you engage the best property management company on the Sunshine Coast. Doing so will build wealth faster. They will ensure you get market rent, and the year will continue to gain market rent; when this happens over several years, the compounding effect of more rental incomes helps reduce your loan faster and fund maintenance which protects your investment.
WHY CHEAP FEES OFTEN COST MORE
I hear this all the time. I shopped around and wondered if you could manage my investment property for X, or if I get property investors using our services who had significant issues with another agency, then I found out that the agency had meagre fees.
It’s hard to get your head around, but cheap fees often cost more. If the property manager cannot keep the rent at market value and it slips behind, those losses can be in the thousands. Or if a bad tenant is placed, it can cost even more.
We’ve got lots of positive Google reviews. We’ve got a blog you can read to learn as much as you want about the best property management company on the Sunshine Coast.
SO WHAT SHOULD ALL PROPERTY INVESTORS BE LOOKING FOR
- When you enquire how fast they respond
- Will you deal with the owner or staff member
- Will you have the mobile phone number of the owner and staff
- What are their Google reviews like
- Do they have an online blog that clearly shows you they know what they are talking about
- When they communicate with you over the phone or email, are they reliable and detailed in what they gave to say
- How will they help maximise your rental yield
- Look for their care factor. Do you feel they will care about you and your investment
- How many properties do they manage & what does that mean
- How often do they pay you the rental income
- How many routine inspections do they do a year
- How do they do rental reference checks
- What do they do if a tenant is in arrears
- How do they handle maintenance
When finding the best property management company on the Sunshine Coast, an excellent place to start is to ask them for a free rental appraisal. You can read about that in the article I’ve written here. These can be done remotely or via attending the property. At the same time, you should refrain from engaging a property manager because they told you the highest price. This will help you start to get an idea if they are a good fit for you. The speed in how they respond. How detailed this information will assist you.
WHAT ARE SOME QUESTIONS THE BEST PROPERTY MANAGEMENT COMPANY ON THE SUNSHINE COAST SHOULD HAVE FOR YOU
- What’s your time frame
- Do you have a weekly rental income in mind
- Are your smoke alarms compliant
- Do you have a Waterwise certificate
- Do you have a gas certificate
- What are you looking for in a property manager
Get in touch if you’d like Asset Agents to carry out a FREE rental appraisal. We can do this remotely quickly or attend the property, whichever you prefer.
SO IS ASSET AGENTS THE BEST PROPERTY MANAGEMENT COMPANY ON THE SUNSHINE COAST?
Well, I don’t know. I am curious to see how the other property management companies on the Sunshine Coast operate. We try very hard to look after our landlords and tenants. We work hard and long hours. We care as the owners who are also the property managers you get to deal directly with us; we’ve been doing this for years.
We’ve got lots of positive Google reviews. We’ve got a blog you can read to learn as much as you want about the best property management company on the Sunshine Coast.
