Managing your level of input for your investment property

How much input do you WANT to have in the
management of your Investment Property?

Getting the right level of input is often a
great step in making it a less stressful, and more satisfying Investment Experience
– and it can be a lot easier to achieve than you may think.

What should you do to get your Managing
Agency to be in contact with you about the situations you WANT to be involved
in? No more, and certainly no less!

Be
up front about what you want from your property manager!

Don’t wait until you are sufficiently
irritated to eventually say something; set the expectations and your needs
early on. Not only can this stop your irritation, this can also help create a
greater working relationship with your Agency to more effectively managing your
valuable asset.

If your Agency isn’t involving you as much
as you would like, tell them you would like to be more informed and involved.
If they are calling you unnecessarily during your busy day – and you’re perhaps
of the opinion that you are paying them to handle these things and not bother
you – make sure they know this is what you want! You may even decide to review
and increase the Agency’s authorised spend limit with maintenance so they do
not need to contact you with minor repair items.

So in summary, these are some things you to
consider:

  • Outline to your Agency how much input you
    want to have: Don’t wait for it to become irritating!
  • If you would like the Agency to handle
    things more autonomously, give them the authority to do so in writing.

Once your Agency is aware of your
expectations, it is very likely your experience in having an investment
property with them will improve – and with it your happiness in owning your
investment property.

If there is one thing your Agency wants, is
their owners to be happy with the service they provide; so if you can help
create this by having one conversation with them to set your expectations,
isn’t that a worthwhile phone call?

Call Todd or Sue Pearce at Page &
Pearce anytime to discuss any requirements or queries you have in relation to
Property Management.

Call 07 4727 2400 or email: toddp@pagepearce.com.au or suep@pagepearce.com.au

Source: Travis
Henke, Real Estate Dynamics 2016