Why do you need a great property manager?
Before you look for a property manager, you first have to ask yourself, why did you buy your investment property? Did you buy it just for it to sit there and gather some money along the way? Or did you buy it as an investment and financial plan for years to come?
Once you’ve answered these questions, you need to remember the real reasons you purchased that investment property and be smart about selecting the right manager. In the long run, the right manager can become the great manager.
There are plenty of good property managers out there, but what about the great ones? A good property manager will ensure that the rent is collected, inspections are done on time, maintenance is up to date, and all the other small normal management items are accounted for. A great property manager, on the other hand, will ensure all the above is complete, but also provide an in-depth look into the property market, the latest trends, and what makes your property worth what it is.
A great property manager will make your money grow over the years, providing you with a keen insight into some necessary improvements, and the correct saving plans that can be put in place, to ensure your investment will work for you and not against you.
The goal for a great property manager is to ensure that you have equity with enough improvements in your existing property to purchase another one. They do this by constantly assisting you with building your wealth for years to come, not just for the short term.
When looking for who to go with, don’t be fooled by cheap fees, big teams or big branded names. Do the research on who has the most knowledge on the current market, the best improvements, the biggest equity growth, and above all, the one that you can trust. Make sure that you ask to speak with the property manager, and not just the BDM or the business owner.
If you agree with everything that has been listed above, then why not call Kaly Smith. Kaly is the owner of KS Property Solutions and your personalised property manager for within the Albury/Wodonga region. Not only is she a great manager, but she is the RIGHT manager to assist you with all your property needs.