First Meeting with my PM

Hi Yasmina,

One thing I would make clear is how you want to be contacted.Also how long similial properties are vacant for in that area.

Hope this helps a little.

Hi Yasmina
Inspect the property with your PM if possible, unless occupied, explaining any areas of concern.Ensure your written agreement with the PM allows you to terminate the agreement anytime for any reason on no more than 30 days notice.
Make it clear what situations you want the PM to handle with or without reference to you. Give the PM the authority to look after your best interests, to make decisions on the spot for you, and the limits to that authority. e.g. how much to spend on maintenance without calling you first. Nominate your own tradesmen if you have any preferences. Insist on quotes vetted by you for items likely to cost over $XYZ. Make sure a plumber replaces every hot & cold tap washer & cistern washer in & outside the house during the first plumber visit. Saves a callout later.
Insist the PM uses a default tenancy database for tenant selection and lists the tenant on the database for any defaults or lease breaches. Make it very clear that you must be consulted immediately a tenant hints or gives notice, so you can make a decision about reletting, repairs, upgrades, change of policy etc..
Make it clear who you want or don’t want as a tenant, within legal limits. Clarify how often you want rent increases, periodical inspections and reports, get paid mid month and end of month, insist on detailed receipts for any work or maintenance completed including feedback from PM on the quality of the work to ensure the tradesman has done it properly. Always get a copy of the lease & inbound & outbound condition reports immediately they are completed. Ensure the PM knows you are watching the ball at all times, but ensure the PM takes responsibility and makes the day-to-day decisions for you because you are paying for that, and you don’t want the stress they are accustomed to shouldering. Always ask them what the options are, what the law says, what can be done or pushed through or bluffed, they should have expertise and use it for you.
It’s something of a balancing act depending on how much you want to do yourself and how much you want to learn, but try not to bark too much yourself when you already have a dog.
good luck
cheers
thecrest