Property management groups

Hello and welcome aboard

I've personally never heard of them – but then again, I'm sure there's thousands of property management companies in the country.

If you start a new thread asking for recommendations for property managers in your particular area – you might get some good responses that you can follow up on.

Cheers

Jamie

Hi Neil

Yes welcome to the forum and hope you your time with us.

Do you want to throw the bone out a little more and tell us where they are based and then might get some further feedback.

Cheers

Yours in Finance

Hi Neil,

After have a quick look at their website it would appear is if your description "property management group" is not quite accurate. For me I read your original comment as asking about a property management company which manages the rental of an existing property.

McCarthy seems more like a marketing group to me.

I don't know this group in particular. In some respects using a group like this or choosing a property yourself are not that dissimilar – you'll need to do a lot of research to make sure you make a good decision.

Be interested to know how you stumbled upon these guys.

I don't know the group so what I am about to say is more of a general nature.

Whenever I see 'negative gearing' in bright lights I get nervous. In my opinion any negative gearing tax benefits you gain should be seen as a by-product of any investment decisions you make.

Clearly the goal of a property investor is to make money either through capital growth or cashflow or, if you hit the sweet spot, a combination of both. Negative gearing is a strategy which makes short term losses in expectation of future capital growth profits.

Typically marketing groups with a 'negative gearing' message are trying to make a one size fit all approach to property. This does not work as each and everyone of us comes to the investment table with different resources; income levels, equity levels, mindset, risk tolerance and so on. If you do follow up with McCarthy make sure you determine whether or not their suggestions really do match you.

Further to this the 'recommended' investment product is often off the plan, new or house and land packages. Each of these properties have their own limitations. Once again you will need to work out whether or not the recommendations are based on sound advice and recommendations.

While some people prefer the simplicity of a one stop shop – which often comes at a cost to you – there are many others who prefer a 'do-it-yourself' approach.

What was it that attracted you to MG?