About to lease our 1st house.
What questions should i be asking PM’s when interviewing them for the job.
Thanks in advance!!I’d suggest that you go to or call a few Property Managers (not just 1) and ask for a copy of their Property Management Fees & Charges and conditions.
Sit down and compare what they do for the money.
You want to know are :
Management Fee and Conditions
Lease Fees & conditions ( eg. Advertising costs, who pays ?)
Petties (usually a monthly charge)
Termination period, if you are not happy with them.
Do you have to pay for them to do inspection and condition reports, on top of the management fee. (This is pretty common in Perth and 1 or 2 other states).Mal
Getting out of your comfort zone, can help you become comfortable
Originally posted by katfrat:About to lease our 1st house.
What questions should i be asking PM’s when interviewing them for the job.
Thanks in advance!!Don’t choose a PM on fees there are mnay important factors to consider.
Ivé discussed many of them in this report.
http://www.rentingmelbourne.com.au/html/s02_article/article_view.asp?art_id=109
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.auHi katfrat,
ask for referee’s, ask for randam selected with names starting with a particular letter so hard for them to specifically select. They may not give to you due to privacy issues, but say you just want name & phone number.
I have found PM with larger rent rolls with multiple staff in dept do a better job and larger franchised agencies also, as they can get support if need be.good luck
ronnieKatfrat, I have recently gone through this process.
I think the list that Michael has posted is excellent and I would be using this as a guide.
My previous PM did not even have a system in place to establish whether a tenant is in arrears.
I suspect this is probably not unusualGood luck
Thanks everyone for your replies.
Very informative. Thanks Michael that report is fantasticOriginally posted by katfrat:Thanks everyone for your replies.
Very informative. Thanks Michael that report is fantasticYou are welcome
Michael Yardney
METROPOLE PROPERTIES
Author of Australia’s leading property e-magazine.
Join over 10,000 readers each month.
FREE subscription http://www.metropole.com.auPersonality. The PM at our office is great – and it shows. 26yrs experience – one of the best PM’s in our area, and all because of her personality. The office staff deal with the majority of the behind the scenes paperwork that can be done by anyone, while she concentrates on the one-to-one situations, whether it be with landlords, tenants or service-people.
Her personality is great, and she shows it to those in all conversations, and our rent-rolls reflect her bubbly personality and success just stems off that. There are rarely problems of any nature in our PM division.
Personality is the key.(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)
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