New investors often fall out of the property investment industry within just a few short months because they cannot find suitable tenants and are often stuck with a mortgage fee that they just cannot pay. Another significant reason why many property owners fail at making a success out of buy to let property is because they cannot find the right type of tenants who will take good care of their property.
If you have been battling to make a success out of your property investments, then it is high time for you to start looking for the best property management company in Melbourne.
How to Choose the Best Property Manager
The rental management company you choose can either make or break your investment. Selecting the best from the rest is critical if you want to maximise profits and minimise the risks involved in property investments.
Here are a few guides to help you find the best real estate management company or agent so your investments can grow and so your property business can prosper.
Look for experience – Property management isn’t as easy as it sounds. There are numerous pitfalls to be aware of if you want to make a success. Only experienced agents know how to avoid those nasty surprises and will be able to provide you with a completely legal and binding rental solution.
Look for strong networks – Your property management company needs to have a strong and well-established network with corresponding businesses such as lawyers, contracting companies and more in the neighbourhood. These extensive networks enable them to find tenants quicker, negotiate better leasing deals and reduces the risks involved in leasing.
Look for a wide range of services – A property manager won’t help you much if you still have to do most of the hard work. Find a company that provides all the needed management services such as the following;
- Setting and collecting rent
- Property maintenance and repairs
- Property inspections
- Tenant marketing and retention
- Handling tenant & owner funds
- Tenant screening
Affordable rates – Most property managers don’t charge a fixed rate. Instead, they earn a rental commission based on the leasing rates tenants pay. But you still shouldn’t invest in an agent that is going to milk both you and your tenant dry with expensive rates. The best property companies in Melbourne charge a comprehensive margin.
A company that works hard – The company or agent you choose should be willing to work hard to keep both owner and tenant of the property satisfied and safe. Find an agent who is willing to properly screen tenants, who is going to take the right legal steps with regards to leasing contracts and who is going to provide you with good ongoing services such as regular property inspections.
Why Rise PM Is One of the Best Property Management Companies In Melbourne
You definitely won’t be making a mistake when you choose our company to manage your investments. With extensive experience, strong networks, a wide range of service and affordable rates, Rise PM is without a doubt one of the best real estate management companies to trust with your business.
Give our offices a call right now, and we will help you establish a good rental rate, promote your property, find the right type of tenants and take good care of both you and your tenant’s needs.
Rise Property Management is Melbourne’s best property management company providing rental & residential management services to property owners. Our leasing agents are always here to assist. Contact us today.