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.
The Best Property Management Company Serving Melbourne
Anyone that enters the property market with a view to renting their premises out wants one simple thing, a straightforward, hassle-free process that runs smoothly. Expectations and reality may not always match, particularly when you’re independently managing the situation and so it is recommended that a property manager or an agent is sought out.
The best property management companies, however, are not necessarily those that charge high fees, which is why you are here, at Rise Property Management, where our team deliver a higher standard of care as well as results that speak for themselves.
We don’t view property management as an administrative task. Instead, we prefer to cultivate relationships with our clients, through effective communication and by ensuring that both our property owners and tenants’ interests come first.
One of the most important parts of renting a property is finding the right tenant for the right home. Our experience throughout Melbourne affords us a superior level of knowledge about the marketplace and our unique approach to management means that we have a long list of high-quality tenants as well as properties. Trust is crucial and you can rest assured of the fact that our due diligence ensures that when we find tenants for you, they meet our rigorous standards.
Advantages of Retaining Property Management Services
At Rise Property Management, we understand that time is one of the major factors taken into consideration by those who hope to rent their premises. The time required to photograph, place ads, sift through the list of prospective tenants, complete showings and then agree and organise the contracts that are required should not be overlooked.
As one of the premier property management companies in Melbourne, our clients save countless hours by retaining our services and allowing us to look after all of the above on their behalf. Even if you feel like there is time to go through all of it without losing a whole lot, there are still other things to take into consideration.
We have an extensive list of criteria that we look for and test our prospective homemakers against. Our ability to complete thorough background searches means that we can deliver the right kind of tenants. Acting independently exposes you to the possibility of allowing a person into your home who may fail to meet rental payments or who could cause damage to your home.
The cost, in the long run, adds up and few people can absorb such a financial blow, and even fewer want to deal with the emotional strain that it brings.
Our team of experts handle everything on your behalf, even after the tenant has moved in. We can collect rent and ensure that it’s paid into your account, pay maintenance fees and complete regular inspections to make sure that your property is being properly cared for.
A Team Dedicated to Achieving the Best for You
At Rise Property Management, we know that your property is one of your greatest assets and we work hard to create a strong relationship with you and your tenants so that from start to finish the process is smooth and the right people get a chance to live in a wonderful home and meet the terms of their agreement.
So, if you are looking for property companies serving Melbourne, you’ve come to the right place and will find a welcoming team that is dedicated to achieving the best for you, right here at Rise Property Management.
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.