Forum Replies Created
heres some to get you started (others might like to add to them)
1) biggest question of all – COST. what percentage or what fee do they charge?
2) Inspections – procedure, how often etc.
3) Management agreement- if you enter into an agreement what term are you locked in there for? what is the break cost if you want to break agreement (in case you want to sell etc)
4) Who will be managing your account?
5) how many properties are they managing per agent? (Too many can result in poor service)
6)How many properties are they managing in that same area? (If they know the area they be able to givea more accurate rental appraisal)
7) How will they market your property to occupy it? (some media rescources get better results)
Will they set up rental agreement with tennant and collect and lodge bond with bond board? (most do this)
9) Are you able to accompany agent on inspections if you so desire? (might be good for future if you ever manage them your self to get to know what they look for)
10) Another biggy is ARREARS… How do they attack rental payments that are in arrears? How long before action is taken? How long before tennant is evicted?
11) Accounting method… Are they able to recieve and pay council rates, water rates, strata fees etc? Do they provide monthly or quarterly statments regarding your income and expenditures?There’s heaps more but that should give you idea before making calls
Hope this helps
Joshua
Multiple Property Strategist
Investor Finance
[email protected]
Will they set up rental agreement with tennant and collect and lodge bond with bond board? (most do this)
